Cryptocurrency markets have dipped on Monday following a positive weekend with weak Chinese economic data in focus.
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Instrumental components currently affecting China’s talent market
As an example, Diageo and Pernod Ricard have recently opened whisky distilleries in China and luxury houses are buying and developing Chinese brands. The Chinese call this the dual economy strategy.
Delhivery seals IPO on institutional demand
Delhivery, a logistics and supply chain solutions company, managed to wrap up its Rp52.35bn ($672.1m) IPO oversubscribed, thanks largely to support from foreign accounts and domestic mutual funds. The …
GLOBALink | Cargo train adds momentum to export of Quanzhou in SE China
It is the first outbound China-Europe freight train from Quanzhou in southeast China’s Fujian Province to Europe via Horgos in northwest China’s Xinjiang Uygur Autonomous Region. A freight train bound …
Oil slumps as virus lockdowns across China pummel economy
China’s industrial output and consumer spending slumped in … Russian sanctions and diplomats have floated the idea of delaying a proposed ban on its oil imports after objections from Hungary.
Column: China has helped drive up Asian diesel profits; it could lower them, too: Russell
China’s ongoing battles to contain COVID-19 outbreaks and the Western world’s shunning of Russian crude oil and refined products have pushed the profit of making diesel in Asia to record levels.
Why China’s luxury market is a double-edged sword for foreign brands
While Chinese consumers are far and away the biggest growth opportunity for luxury brands, the nation’s economy has become the main source of risk Not only has the pandemic prevented travel, lockdowns …
China’s April auto export volume hits 141,000, records y-o-y decline of 6.6%: CAAM
China’s auto export volume hit 141,000 in 2022 April, dropping by 17.2 percent compared to March, and 6.6 percent of year-on-year decline, according to auto export data published by the China …
China steps in to take additional Russian oil barrels
Seaborne crude imports from Russia in April rose 16% on year to 860,000 bpd, the highest since December last year …
China state paper slams crypto and LUNA crash; applauds crypto ban
Chinese state-backed publication Economic Daily cited LUNA and UST’s crash to state cryptocurrencies “once again, proved its own risks and that it is a bubble” amid the Federal Reserve’s rate hike.
China unemployment rate near pandemic peak
China’s jobless rate rose to 6.1% in April … Official figures also show retailers and manufacturers were hit hard. Full or partial lockdowns were imposed in dozens of cities in March and April, …
Shanghai lockdown: China unemployment rate near pandemic peak
China’s jobless rate rose to 6.1% in April … Some shops are opening, but only “offline” business will resume initially. The daily reported positive case numbers are also down to three figures now, …
China’s industrial output up 4 pct in January-April
Staff members work on an assembly line at a farm machinery manufacturing company in Jining City, east China’s Shandong Province, Feb. 15, 2022.(Xinhua/Guo Xulei) BEIJING, May 16 (Xinhua) — China’s …
