The latest trade numbers show strong U.S. agricultural exports despite transportation challenges. Micheal Clements shares more.
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China electricity shortage: industrial production grinds to halt and traffic lights fail amid rationing
Half of China’s provincial jurisdictions mandate rationing of electricity, but poor communication and unclear timeline leave public fearful of further power cuts.
A China power shortage halting some Apple and Tesla suppliers threatens to roil an already strained supply chain
Key manufacturing hubs in China have been hit by energy shortages as the government tightens emissions standards and coal prices soar.
WTO sets up panel on China’s steel import duties after Japan complaint
The World Trade Organization (WTO) has set up a dispute-settlement panel on China’s anti-dumping duties on stainless steel imports following a complaint from Japan that the duties violate trade rules, …
China domestic aviation manufacturers see growth in post-pandemic boom
Commercial planemakers touted strong post-pandemic prospects for the Chinese aviation market as the country’s largest air show opened on Tuesday, with an increasing share of the spoils expected to go …
Regulation doesn’t pose ‘existential threat to crypto’: Blockchain Association head
Regulators globally have been cracking down on crypto, in decree or rhetoric, causing exchanges and prices to retrench. But crypto insiders say networks can continue to survive and thrive.
FOCUS: China power shortages to slash demand for imported semis, scrap
“The electricity restriction is serious and even rolling mills cannot work. Demand is not [there] and this has dragged down the China import market for steel billet,” a Singaporean billet trader …
BIC’s Video News Show: China Bans & Evergrande
In this episode of BeInCrypto’s Video New Show, host Jessica Walker takes a look at recent events in China. It seems like China has been in the news every day for the last week, and…
Alibaba To Stop Selling Bitcoin Mining Machines In China
The ecommerce giant said it would delist bitcoin mining equipment from its platforms after the renewed China ban of Bitcoin.
Could China’s energy crisis could prove bigger than Evergrande? Goldman joins Nomura in cutting growth forecasts
News that factories have been shut in parts of China are sending a chill up Wall Street’s spine, driving concerns that the country’s economic growth is …
China’s Antitrust Regulators Could Derail Baidu’s Bid for JOYY’s Chinese Business
China’s antitrust regulators haven’t approved the deal yet. It could still be blocked as part of China’s sweeping crackdown on the gaming industry. Last November, Baidu (NASDAQ:BIDU), the Chinese tech …
Bitcoin Falls On China’s Crypto Crackdown. Are These Crypto Stocks Better Picks?
Bitcoin prices have declined by almost 7% since Friday, to levels of around $42,000 a unit although it recovered a bit over the weekend. The cryptocurrency also remains down by about 11% over the past…
Alibaba will block sales of crypto mining equipment beginning October 8 to comply with China’s clampdown
Alibaba will also prohibit the sale of cryptocurrencies themselves and ban any tutorials, strategies, and software for obtaining digital assets.
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