China’s official manufacturing purchasing managers index rose to 49.6 in May, the National Bureau of Statistics said Tuesday, picking up from 47.4 in April .
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China’s service trade up 21.9 pct in Jan.-April
China’s service trade rose 21.9 percent year on year to reach 1.9 trillion yuan (about 286.4 billion U.S. dollars) in the first four months of the year, data from the Ministry of Commerce showed on…
China state media signals tighter crypto regulations in Terra aftermath
The Chinese state-owned media outlet the Economic Daily published an article signaling China may impose further regulations on stablecoins after the price of the algorithmic stablecoin TerraUSD …
Hong Kong tycoon Richard Li’s FWD delays $1bn IPO on market volatility
Insurance group FWD has delayed its $1bn Hong Kong initial public offering due to volatile market conditions, according to people familiar with the matter, the latest in a string of listings setbacks …
China plans to airdrop digital Yuan to improve its economy
China plans to airdrop digital Yuan worth around $30 million to improve its economy and increase public spending.
Bitcoin rallies above $30 000 as China eases Covid curbs
The largest cryptocurrency was up 5.2% to $30 687 at 2:21 p.m. in New York, its biggest increase since May 15.
Powell to meet Biden
USD rises amid Fed speak, higher UST yields and German inflation data; Month-end also in focus; Powell to meet Biden. General trend – US markets return from ho …
Airbnb Is Closing Its Domestic Business in China. Rival Apps Are Very Popular.
China’s splintered and chaotic homestay sector features numerous local players who understand the market better than outsiders.
Richard Li-Backed Insurer FWD Said to Postpone Hong Kong IPO
FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, has decided to postpone its Hong Kong initial public offering due to market volatility, according to people familiar with …
China tightens measures to prevent import of monkeypox virus via ports
China’s customs authorities have made efforts to prevent the import of the monkeypox virus through ports while the country is striving to fight against the Covid-19 epidemic …
6. China’s ‘counter-Quad’ strategy hits a major hurdle
Check today’s top 10 news stories, headline news, breaking news, latest news, politics news, sports news, entertainment news and business news on Times of India …
With Just One IPO Done, Hong Kong Sees Its Worst May In a Decade
The amount is less than 10% of the proceeds garnered by companies in mainland China and about 3% of the tally in India. READ: Richard Li-Backed Insurer FWD Is Said to Postpone Hong Kong IPO…
China reopening path sparks commodity rally
The easing of strict COVID-19 restrictions in the world’s second-largest economy galvanised commodity markets amid hopes that China’s downturn is close to ending.
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