If Xi Jinping’s ambition is a problem for America, it is a bigger problem for China. In addition to the lockdowns and quarantines that are a part of Xi’s desire to claim victory over Covid,…
Tagged By business
Alibaba Stock News and Forecast: BABA, Tencent stock start week down after Beijing issues fines
Alibaba, Tencent and others were fined by for monopolistic practices. BABA stock is down 3.6% in Monday’s premarket. The fines are rather small, but they worry the market after 18 months of scrutiny.
China’s supply chain gets hit after US ban on imports from Xinjiang
After finding out that the Chinese products are produced with forced labour, the US imposed a ban on Xinjiang imports, which hit China’s supply chain …
Australian Prime Minister Anthony Albanese dismisses China’s list of demands to improve relations
Australian Prime Minister Anthony Albanese rejected a four-point plan from China to improve strained bilateral relations on Monday, saying that his country “doesn’t respond to demands.” …
EV Makers Are Gaining Ground On Tesla As China Threat Looms
Tesla market share forecasts may look bad, but the future is positive because although its share of the U.S. market is predicted to plummet in the next 4 years, sales will advance as huge numbers…
US ban on Xinjiang imports hits China’s supply chain
The Chinese manufacturing hub of Xinjiang is produced with forced labour & therefore, can’t be imported into the US unless companies are able to provide “clear & compelling evidence” to the contrary.
China authorizes use of antibody drug Evusheld
The antibody drug Evusheld was authorized to be used at the Ruijin Hainan Bo’ ao Research Hospital in the Hainan Boao Lecheng International Medical Tourism Pilot Zone last week. Hainan customs …
China’s June vehicle sales jump 24%, industry body says
China’s auto sales surged 23.8% in June from a year earlier, the first increase in four months after authorities cut taxes and offered subsidies to encourage car purchases as COVID-19 curbs eased.
Column: China’s massive stimulus talk does little for metals as confidence fades
It’s perhaps instructive of market sentiment in China that reports of a massive stimulus package barely shifted the prices of key industrial metals.
Copper slips as China COVID worries dull demand outlook
Copper prices fell on Monday, as new COVID-19 restrictions in top consumer China and fears of rapid interest rate hikes leading to a global economic slowdown dent demand for metals. Three-month copper …
Blinken blasts China’a support for Russia, calls out Xi
US Secretary of State Antony Blinken blasted Beijing over its support of Russia after emerging from more than five hours of talks with his Chinese counterpart Wang Yi.
China Threatens To Halt Coal Imports Afghanistan As Electric Prices Skyrocket In Pakistan
In response to the Taliban regime’s decision to increase the sale price of coal to Pakistan, China-based firms have threatened to halt imports from Afghanistan.
China NFT Ruling Seeks to ‘Cool Down the Hype,’ Hong Kong Attorneys Say
While China’s first-ever NFT court ruling added stricter burdens to marketplaces and led to some NFT bans, many think it is setting the stage for the growth of the digital asset market in the country.
