Shares have soared in Shanghai but gave up a chunk of their initial gains as officials in Beijing outlined details of the government’s stimulus plans.
Tagged By covid-19
China’s stocks rally fizzles as stimulus offer disappoints
China’s stock markets roared back from a week-long break to reach their highest levels in more than two years at the open, before paring gains after officials failed to inspire confidence in stimulus …
China hits back at EU with brandy tax
China places a tax on European brandy imports in a move critics say is retaliation for recent tariffs on electric cars.
China’s Stock Market Fever Breaks as Authorities Disappoint
An epic Chinese stock market rally lost steam after a comments from the nation’s economic planners disappointed hopes for more fiscal stimulus measures.
Former Taiwan leader Tsai to visit Czech Republic, other European destinations, drawing China’s ire
Former Taiwan leader Tsai Ing-wen is to visit Czech Republic, and other European destinations, drawing China’s ire.
China’s brandy duties depress shares of makers of spirits, luxury and cars
China’s provisional anti-dumping duties on brandy imports from the European Union (EU) depressed spirit makers’ shares on Tuesday with knock-on effects for luxury and auto brands as concern grew …
Don’t abandon us on China, Cognac lobby urges French government
New Chinese duties on European brandy imports would have “catastrophic” consequences for one of France’s top export sectors, the BNIC lobby group of Cognac producers said on Tuesday. “Faced with this …
Japan’s Aso Calls Taiwan a ‘Country,’ Risking Beijing’s Wrath
Former Japanese Prime Minister Taro Aso described Taiwan as an important “country” for Japan, breaking with Tokyo’s stance of avoiding describing the island as a sovereign nation and risking Beijing’s …
China is oversupplying lithium to eliminate rivals, US official says
Chinese lithium producers are flooding the global market with the critical metal and causing a “predatory” price drop as they seek to eliminate competing projects, a senior U.S. official said on a …
China announces more support for economy but holds back on major spending package
China’s economic planning agency has outlined details of measures aimed at boosting the economy but refrained from major spending initiatives.
China’s stock euphoria is primed to disappoint
Investors of Chinese stocks are in for a rollercoaster ride. Onshore bourses staged a weaker-than-expected rally following a week-long holiday while shares in Hong Kong plunged. True, valuations are cheap and funds remain underweight.
China’s Stock Rally Cools as Beijing Holds Off on Major Stimulus
A rally in onshore Chinese stocks on their return from a week-long holiday cooled as traders questioned Beijing’s resolve to add more stimulus. Shares in Hong Kong tumbled.
Analysis-US-based China ETFs get bumper influx, some investors optimistic tide is turning
Investors flooded U.S.-based exchange-traded funds (ETFs) that target Chinese markets with $5.2 billion in new assets in the past week when mainland China’s financial markets were shut for a national holiday,