China announced more measures loosening COVID-19 health measures after new data showed its trade slowed sharply in November. Apple’s iPhone production is one of the casualties of that trend. Central …
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China boosts gold reserves for the first time in over 3 years in possible attempt to diversify away from dollar
The People’s Bank of China has now emerged as one of the large mystery buyers in the bullion market following speculation over recent purchases.
UPDATE 1-China’s Xi arrives in Saudi on ‘epoch-making’ visit to deepen economic and strategic ties
Unlike Washington, Beijing retains good ties with Riyadh’s regional rival Iran, another supplier of oil to China, and has shown little interest in addressing Saudi political or security concerns in …
China FX Reserves Rise More Than Expected to $3.117 Trln in Nov
The value of China’s gold reserves rose to $111.65 billion at the end of November from $102.67 billion at end-October. (Reporting by Albee Zhang, Kevin Yao and Ellen Zhang; Additional reporting by …
China’s Forex Reserves Rose in November
China’s foreign-exchange reserves rose in November, thanks to a continued trade surplus and other valuation effects.
China FX reserves rise more than expected to US$3.117 trillion in November
BEIJING: China’s foreign exchange reserves rose more than expected in November, central bank data showed on Wednesday (Dec 7), as the dollar weakened against other major currencies. The country’s …
China buys Russian ESPO crude at multi-month low discounts, brushes off price cap
China is paying the deepest discounts in months for Russian ESPO light crude oil amid weak demand and poor refining margins, though the effective prices refiners pay could exceed a price cap imposed …
China’s Xi Jinping Visiting Saudi Arabia Amid Bid To Boost Economy Weighed Down By COVID
Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia this week amid efforts to kick-start economic growth weighed down by strict anti-COVID-19 measures.
China announces nationwide loosening of Covid curbs
China on Wednesday announced nationwide loosening of coronavirus restrictions allowing home quarantine for covid close contacts and scrapping covid test rule i …
China trade plunges in November, Bank of Canada decision up next
Having seen another lacklustre and negative session for European and US markets yesterday there appears very little interest to drive markets higher in the short term, as we look ahead to next week’s …
China’s exports figures likely to become worse, says economist
Dan Wang, Shanghai-based chief economist at Hang Seng Bank says that while the demand in China’s has rebounded, it has been slower than expectations, and that she does not expect export figures to …
What to Expect From China in 2023
What should the world expect from China in 2023? How will Beijing manage its economy? How will it handle dissent? What role will it play in Russia’s war in Ukraine? And how will China navigate…
Chinese financial house agrees to invest in SBM’s producing Sapinhoa FPSO
Holding Company (CMFL) has agreed to invest in another floating production, storage and offloading vessel owned by the global FPSO giant SBM Offshore. The latest investment reflects the Chinese …
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