Exports from Africa to China have soared in the first half of the year, while imports from China fell slightly China’s imports from Africa rose by 14 per cent year on year to reach US$60.15…
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China’s H1 crude imports from top supplier Russia up 5% on year
June Russian supplies down 20% on year; H1 up 5% H1 imports from No. 2 supplier Saudi Arabia down 13% on year Malaysia holds firm as No. 3 supplier; H1 volumes up 14% on year…
China is focused on ‘new oil’ from Kazakhstan
China’s detention of Uyghurs and members of other largely Muslim groups, including ethnic Kazakhs, in camps in Xinjiang has added to the misgivings. Roughly two-thirds of Kazakhstan’s population is …
Chinese AI entrepreneur moves to Singapore for growth amid Beijing’s crypto curbs
However, with the Chinese government taking a tough stance on cryptocurrency from 2021, Li sought his fortunes elsewhere as crypto-mining was one of GreaterHeat’s core services. “For Chinese people, …
Brazil Halts All Chicken Exports to China as Virus Takes Toll
Brazil has halted all chicken exports to China after a virulent poultry disease was found on a commercial farm, expanding a previous ban and dealing a blow to meat packers including BRF SA.
Goldman Sachs Turns Bearish On Chipmakers, Advises Hedge Through Put Options: China Remains ‘A Major Risk For The Sector’
Goldman Sachs advises investors to hedge their exposure to chipmakers by purchasing put options. Geopolitical risks and earnings pose a downside risk.
US’ reported plan to tighten export controls on chips targeting China to disrupt global supply chain: MOFCOM
The US’ reported move to tighten export controls on semiconductors targeting China by taking stricter measures to pressure companies in countries such as Japan and the Netherlands severely deviates …
China’s pledge of economic reform met with cautious welcome as businesses await details
Party officials gave reporters a glimpse of possible reforms, such as efforts to build a “national strategic talent force”. Read more at straitstimes.com.
China’s third plenum vows support for private sector, ‘stable’ climate for foreign firms
Observers and business owners welcome initiatives but some raise concerns about implementation at the local level.
Billionaire Mark Cuban Issues ‘Crazy’ Bitcoin Price Prediction Amid Wild Ethereum, XRP And Crypto Swings
Cuban, who’s an outspoken Democrat, supporter U.S. president Joe Biden and famously said in 2018 he’d rather have bananas than bitcoin, became a bitcoin and crypto convert through the Covid pandemic …
Hong Kong fund strikes another AI deal with Beijing robot maker Galbot to boost industry
Hong Kong Investment Corporation is partnering with the start-up to create the HK-Galbot Embodied AI Lab, with prioritisation for the city as an IPO destination.
China stays the course on reform after third plenum, leaving Western businesses in limbo
Western chambers of commerce in China, hoping for sweeping pro-market reforms from the third plenum, will have to keep waiting after an initial summary suggests little in the way of sea changes.
China’s consumers aren’t buying stuff, but it’s not because they’re broke
China’s household deposits reached a record high of around 147 trillion yuan, or $20.2 trillion, at the end of June.
