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 …
Tagged By banking
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 …
US dollar dips as China deflation pulls investors into risk assets
The U.S. dollar fell on Wednesday after data showed the Chinese economy slipped into deflation last month, which raised the chances of China launching additional stimulus measures and nudged investors …
Death Toll in Recent Beijing Flooding Rises to 33, With 18 Still Missing
Residents wash their suitcase and belongings on a damaged bank of a canal clogged with flood debris in the aftermath of flood waters from an overflowing river in the Mentougou district on the …
Beijing’s top diplomat Wang Yi to visit Asean members amid South China Sea tensions
Foreign Minister Wang Yi will travel to Singapore, Malaysia and Cambodia on a trip aimed at boosting ‘strategic communication’.
Dollar retreats after China deflation unleashes drive into risk assets
Dollar selling by state-owned Chinese banks helped the yuan rally off a one-month low even as the country slipped into deflation, dealers said. The Chinese central bank’s stronger-than-expected …
Dollar eases as China deflation lures investors into risk assets
The dollar eased on Wednesday after data showed the Chinese economy slipped into deflation last month, which upped the chances for the government to roll out extra stimulus measures and nudged …
China allocates 1 bln yuan to support flood storage areas
BEIJING – China has earmarked 1 billion yuan ($139.69 million) to offset losses in areas in the Haihe River Basin inundated recently for flood storage purposes, according to the Ministry of Finance …
Why China’s Stock Exchange Creates a Headache the Chinese Communist Party
With investors souring on real estate, stocks are now the investment destination of choice – and they increasingly provide a barometer of public confidence in China’s future.
China’s Economic Woes, Crude Oil, Bond Auctions, Prime Day 2, Trading Lilly
China’s National Bureau of Statistics reported for July a headline CPI of -0.3% y/y and a headline PPI of -4.4% y/y. The Chinese economy is now mired in a state of producer level deflation that…
Analysis-Latest China developer debt woes could spur policy aid, but industry downbeat
News that big developer Country Garden was not able to make $22 million in bond payments is an alarm call for China’s government that more private property companies are close to a tipping point if…
China Slides Into Deflation as Consumer and Factory Prices Drop
Falling consumer and factory prices are adding pressure on policymakers to step up China’s monetary and fiscal support to combat deflation.
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