China’s gold acquisitions drive global prices to record highs in April 2024. Cultural and economic factors play a significant role in the country’s demand for gold.
Tagged By financials
EU Says Ready to Use All Trade Tools to Defend Against China
The European Union is prepared to deploy all the tools available to defend its economies if China fails to offer fair access to its markets, European Commission President Ursula von der Leyen said.
China’s New Homes Market Is In A State Of Freefall
Timing is everything in life and right now happens to be one of the worst times to be a home builder in China. After going on an aggressive building spree that sparked the Chinese economy,…
As Xi Jinping pushes for closer ties with Europe, EU pressures China on Russia and trade
Xi says China and Europe can contribute to world peace ahead of meeting with President Emmanuel Macron and EU chief Ursula von der Leyen …
Chinese EV maker BYD welcome to open factory in France, French finance minister says
France would welcome China’s electric vehicle giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday. “France welcomes all …
China property fix aims to restock speculation
Again, this requires strong financial support from the central bank and state lenders. However, if Xi is to realise his vision of a “new development model” for the sector, another source of demand for …
China’s central bank survey shows ‘precarious’ job market, low consumption demand still weighing on economy
More than 46 per cent of urban residents polled by People’s Bank of China say job market is ‘uncertain’, while 62 per cent aim to save more Findings present continued challenges for policymakers …
China Development Bank lends 104b yuan for transportation, logistics infrastructure development in Q1
BEIJING — China Development Bank said it had issued 104 billion yuan ($14.63 billion) in loans during the first quarter of 2024, in an effort to bolster the advancement of transportation and …
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
Within the last five or six years, China has created unbelievably huge companies out of nowhere’, says Citigroup Asia head of investment banking Hong Kong is ‘a very natural place’ for Chinese and …
Govt clamps down on dumping from China: Over 1/3rd anti-dumping duties levied in cases with sole or two producers since FY22
In FY23, the number of cases concluded dropped by half to 25 out of which 24 ended with an ADD recommendation and CBIC accepted only 10, 3 of which covered goods only from China and…
Bank of America warns row with China may hurt PH economy
A further deterioration in diplomatic relations between Manila and Beijing caused by escalating tensions over the West Philippine Sea (WPS) could inflict some serious economic damage to the …
China’s gold-buying spree could be the straw that breaks the dollar’s back
Some commentators have spent decades predicting the imminent demise of the US dollar’s special status as the world’s international reserve currency. Eventually, they will be right, and that day may be …
Global financial institutions increasingly upbeat on China’s stock market
International financial institutions are increasingly upbeat on Chinese stocks, with the NASDAQ Golden Dragon China Index surging by 14.86 percent in the 10 trading days ended on Friday, the highest …
