A reason could be America’s move to exclude Russia from the SWIFT system to punish its invasion of Ukraine, which makes the dollar less appealing as a global currency, an expert says.
Tagged By export
Shrimp, pangasius exports enjoy exceptional growth in China
VOV.VN – Vietnamese tra fish (pangasius) and shrimp exports have recorded promising signs in the Chinese market, especially since China moved to ease its anti-pandemic rules, according to the Vietnam …
WoodMac: China’s LNG imports to mark unprecedented decline in 2022
China’s LNG imports are set to fall more than 14% year-on-year to 69 million tonnes in 2022, the largest decline since it began LNG imports, says Wood Mackenzie.
Tesla sells off majority of bitcoin, blaming COVID-19 lockdowns in China
Elon Musk’s electric vehicle company Tesla has revealed it has sold 75 percent of its bitcoin holdings amid a downturn in the cryptocurrency market. In the company’s Q2 2022 financial report it was …
Crypto has too many villains right now and needs more heroes | OPINION
From strict regulation policies and inflation to hackers plaguing the internet, crypto has had to deal with a lot in the past couple of months and needs a few ‘heroes’ to help it get back…
China Poised to Welcome First Foreign Leader Since Olympics
Indonesian President Joko Widodo is set for the first visit to China by a foreign leader since the Olympics in February, a sign the diplomatic isolation of the world’s No. 2 economy due to its…
China Snap Lockdown Crimps Beachside Business, Strands Tourists
A Covid outbreak has derailed what is usually the peak season at one of China’s top summer hot spots, with a snap lockdown in the seaside city Behai shutting hotels and leaving more than 2,000…
China’s launch of small-cap derivatives spawn new strategies, funds
Futures and options based on China’s small-cap CSI 1000 Index started trading in Shanghai on Friday, spawning fresh products and strategies from fund managers seeking to capitalize on the new hedging …
Western companies in China and Russia eye exits
Top Western companies continue to abandon operations in China and Russia, highlighting the obstacles to profitability in the powerful Eurasian countries. On July 18, fast-fashion retailer H&M …
Here today, gone tomorrow: China’s vanishing livestreamers
The sudden rise and fall of China’s most famous online influencers underscores the vulnerability of those who depend on the internet for their livelihood in the world’s second-largest economy.
China Billionaire Cuts Stake In Outperforming Nike Rival Xtep
Group Success Investments’ stake in Xtep will fall to 46.7% from the previous 49.7%. Ding owns 67% of Group Success; he also holds another 2.3% stake directly. Xtep, a rival of Nike, Li Ning and…
China just put foreign banks on notice: Creating an internal Communist Party committee could be the cost of doing business
HSBC, one of the world’s biggest banks, became the first in China to establish an internal Communist Party committee, paving the path for global lenders to follow suit.
Tesla Inc expected to make more vehicles in China than in US
Tesla Inc is expected to produce more vehicles in China than in the United States, as its Shanghai plant has become the carmaker’s largest manufacturing facility across the globe. The Shanghai …
