Port congestion in China is prompting more vessels to refuel at the country’s ports as the worsening Covid-19 outbreak forces the reconfiguration of shipping routes. Most Read from BloombergUkraine …
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Oil falls 4% as China COVID outbreak sparks demand fears
Brent crude oil took a back foot on Monday amid concerns that China’s COVID lockdowns will dampen demand and economic growth. The oil benchmark fell to $102.17 per barrel on the …
Beijing districts placed under lockdown as cases mount
China’s capital Beijing began testing millions of residents and shutting down residential and business districts Monday amid a new outbreak of COVID-19. While only just more than 40 cases have been …
The week in review: Beijing investigates CMB president
This round-up focuses on an investigation into one of the most high-profile Chinese bankers by the country’s top anti-corruption agency …
Is China still a good investment amid Covid and Russia’s war?
Investors are ditching China at an unprecedented scale as a cocktail of political and business risks, and rising interest rates elsewhere, make the world’s second biggest economy a less attractive …
China Looks to Sell Spare LNG as Virus Lockdowns Hit Demand
China, the world’s biggest importer of liquefied natural gas, is trying to sell some spare supply due to fears that demand-sapping virus lockdowns could spread from Shanghai to other parts of the …
Foreign investors are ditching China. Russia’s war is the latest trigger
By Laura He, CNN Business Investors are ditching China at an unprecedented scale as a cocktail of political and business risks, and rising interest rates elsewhere, make the world’s second biggest …
Beijing leads China in financial competitiveness
Photo/VCG] Beijing was the leader in financial competitiveness in Chinese cities last year, followed by Shanghai and Shenzhen, accordi …
China Begins Mass Testing Beijing’s Biggest District After Raising Alarm About Undetected Covid Spread
ToplineOfficials in Beijing will require the people who reside or work in Chaoyang—the city’s main business district—to undergo three Covid-19 tests this week starting on Monday, a move that comes …
China’s yuan jerkily adjusts to ugly reality
China’s currency rallied throughout the pandemic. But following the recent rosy 4.8% first-quarter GDP growth figure, , its worst week since 2015, to approach 6.6 per dollar. The steepness of the …
Iron Ore’s Crash Tests Faith in China’s Stimulus Response
The worsening in Chinese demand conditions over the near term has sent iron ore prices into a tailspin, and the outlook for the rest of the year could be just as bleak.Most Read from BloombergUkraine…
China’s yuan drops to one-year lows, extending losses
China’s yuan fell to a one-year low against a strengthening dollar early on Monday, extending losses after posting its worst week since 2015, as a worsening economic growth outlook drove investor …
China Covid Shock Sees Beijing Consider Risky Debt Option Again
China has signaled a willingness to allow local governments to increase off-balance sheet debt again after a crackdown in recent years to bring it under control.
