China’s blue-chip CSI 300 Index fell as much as 2.7% in early trade, on track for its worst day in a month. Hong Kong’s Hang Seng Index plunged as much as 4.2%.
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India and China are still snapping up Russian oil — but they are demanding huge bargains which is hitting Kremlin’s war chest
Russia is losing about $4 billion a month as Urals crude oil trades at about 40% discount to international Brent crude oil prices, per Bloomberg.
There’s a 30% probability that China reopens earlier, says Goldman Sachs
Hui Shan of the investment bank says there’s a chance that China reopens before next year’s National People’s Congress “precisely because of the difficulty in keeping Covid under control.” …
Relaxation of China’s Covid measures is ‘the key’ to its growth rebound in 2023, economist says
Helen Qiao of BofA Securities says turmoil is still “very likely” in the near term, and it expects that the situation will get better only in the second half of 2023.
Canada Unveils New Asia-Pacific Strategy With Eye On China
Canada on Sunday unveiled its new economic and diplomatic strategy for the Asia-Pacific region, allocating 2.3 billion Canadian dollars (US$1.7 billion) over the next five years to the plan aimed at …
DOGE and SHIB Slide as Sentiment Turns Bearish on China News
Following a breakout Sunday session, risk aversion swept across the crypto market. China protests contributed to early DOGE and SHIB reversals. Dogecoin (DOGE) and shiba inu coin (SHIB) bucked the …
China issues 1.6T yuan in tax rebates for export companies
China’s tax authorities have accelerated export tax rebates process this year in support of the steady growth of foreign trade, reported China Media Group (CMG) on Sunday. The country handled 1.64 …
Dollar rises broadly, yuan slumps as China’s COVID unrest rattles sentiment
The dollar gained broadly on Monday as protests against COVID restrictions in China stoked uncertainty and dented sentiment, sending the yuan sliding and pushing nervous investors toward the …
Crypto Market Daily Highlights – DOGE Bucked a Bearish Top Ten Session
The crypto market saw red for the second time in six sessions. Going into the final hour, the NASDAQ mini saw red, contributing to the session loss.
US bans Chinese telecoms imports – won’t even consider authorizing them
Part bureaucratic box ticking, part crackdown that makes even Wi-Fi routers and smartphones off limits The United States’ Federal Communications Commission (FCC) has barred itself from authorizing the …
FirstFT: Protests erupt in China as zero-Covid anger spreads
Protests in Shanghai escalated yesterday evening as police struggled to disperse large crowds who gathered in the city, part of a nationwide movement that poses one of the most brazen challenges to …
Xi vs Trudeau Exchange: China Now See’s Itself as a Superpower
Western powers have used the pretense of China’s human rights record to provide a moral foundation for meddling …
LAPD officer charged with attempting to buy an illegal gun silencer from China, officials say
“The circumstances of this investigation trouble me greatly given the responsibilities of the involved detective,” said LAPD Police Chief Michel Moore.
