President Joe Biden is regulating what kind of investments U.S. businesses can make in China in a bid to limit access to high tech equipment by Beijing’s military. Alex Brandon—AP President Joe Biden …
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Deflation in China:Why prices are falling and what Beijing can do
China is now clearly dealing with a deflation threat. Consumer and producer prices fell together for the first time since 2020, adding to concerns about the health of the world’s second-largest …
Tesla’s sales in China have tumbled and its slumping economy may not be to blame, Bank of America says
China’s economic slump may not be the reason why demand for Teslas in China are waning – consumers are just flocking to local competitors.
The China market is a ‘value trap’ while the U.S. is the ‘biggest’ investment idea: Bank Julius Baer
Bhaskar Laxminarayan, Asia CIO of Bank Julius Baer discusses where he thinks the opportunities for investors are at the moment.
Deflation and default haunt China’s economy
China’s export boom is long over. Its property slump is not. And, therefore, deflation beckons. Ever since China imposed its first brutally effective lockdown on Wuhan in early 2020, its economy has …
‘BRICS bank’ looks to local currencies as Russia sanctions bite
Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told…
Marketmind: No Respite From China Woes
Over in Asia, investors remained worried about China’s post- pandemic stuttering recovery after data on Wednesday showed it tipped into deflation. MSCI’s broadest index of Asia-Pacific shares outside …
China’s July new yuan loans seen dipping after record H1 – Reuters poll
China’s new yuan loans are expected to fall sharply in July from June after record lending in the first half, a Reuters poll showed, but they could still exceed the year-earlier amount as the central…
Biden to ban US firms from investing in China tech companies over security fears: report
US-based private equity and venture capital firms will reportedly face restrictions in investing in Chinese AI, quantum computing, and semiconductors.
China’s Country Garden misses interest payments, bonds fall, raising fresh fears for property sector
China’s biggest property developer, Country Garden, defaulted on interest payments on dollar-denominated debt with a face value of $1 billion.
Critical Inflation Data Ahead, Credit Card Debt Hits $1 Trillion, China Enters Deflation
Chinese exports fell by 14.5% year-over-year vs. 12.5% consensus. Exports to the U.S. fell by 23%. Exports to the E.U. and the Association of Southeast Asian Nations fell by 21%. These are the biggest …
China Renaissance Says Detained Chairman Cooperating With Authorities in Probe
The company said that business and operations are continuing normally under the supervision of its Executive Committee, which includes Executive Directors Xie Yi Jing and Wang Lixing. Copyright 2023 …
The real-estate empire helmed by one of China’s richest women is weeks away from a $199 collapse that could dwarf Evergrande
This aerial photo taken on October 31, 2021 shows buildings of China’s developer Country Garden Holdings in Zhenjiang, in China’s eastern Jiangsu province. STR/AFP via Getty Images A debt crisis that …
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