China rolled out a broad package of measures to support businesses and stimulate demand as it seeks to offset the damage from Covid lockdowns on the world’s second-largest economy.Most Read from …
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Tencent billionaire Ma voices frustration during China’s slowdown
BEIJING: Tencent Holdings Ltd’s billionaire co-founder Pony Ma (pic) shared a viral opinion piece on the economic costs of China’s strict Covid-zero measures, in a rare show of frustration after his c …
Biden Considers Cutting Trump Tariffs on China
Memorial Day is a week away, but the days leading up to the holiday should be relatively quiet in Washington, D.C., with President Joe Biden visiting Asia and the House not is session. Here’s what’s…
Is China ‘Uninvestable’ and What Does That Even Mean?
President Xi Jinping inveighed against the “disorderly expansion of capital” as he launched punishing regulatory and antitrust campaigns against the private sector, from Big Tech to after-school …
What Didi’s US exit tells us about China and Wall Street
Less than a year after its US market debut, Chinese ride-hailing giant Didi Global is set to leave Wall Street. A majority of shareholders voted on Monday to stop trading the firm’s shares via the…
X Financial Reports First Quarter 2022 Unaudited Financial Results
X Financial (NYSE: XYF) (the “Company” or “we”), a leading online personal finance company in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First …
Apple Is Seeing Strong China Demand for iPhones, Analyst Survey Finds
UBS analyst David Vogt wrote that the share of smartphone users in China who intend to buy an iPhone within 12 months reached the highest level in six years.
China’s sends smallest Davos delegation in years amid concern zero-Covid is limiting its voice on world stage
The Chinese delegation at Davos this year is unusually small due to the country’s stringent travel rules, robbing Beijing of an opportunity to make its voice heard on the global stage, observers say.
Airbnb to shut down domestic operations in China
Airbnb is shutting down its business in mainland China this summer due to mounting costs and domestic competition, reported CNBC. The online vacation rental platform first launched operations in …
Apple stock rises after tech giant looks to expand production outside China
Yahoo Finance’s Akiko Fujita and Brian Cheung discuss reports that Apple will look to expand its supply chain outside of China and how the stock is responding.
BlackRock downgrades stocks, citing Fed over-tightening and China risk
Meanwhile, a downturn in China that’s “starting to rival” the 2020 slowdown is … is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and …
China Should Move Reserves Out Of US Treasuries
China has built a foreign exchange-earning economy and accumulated US$3.3 trillion in reserves over the past few decades, but such policies are o …
China: Xi’s crackdown on capital market troubles big businesses
As Chinese President Xi Jinping seeks a historic third term in power it is expected that he will focus on implementing strict regulation of capital which is se …
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