Pan Shiyi and wife Zhang Xin have relinquished their top posts as chairman and CEO respectively of the firm they founded in 1995. The stock has lost as much as two-thirds of its value since…
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Russia’s top banks have started lending out yuan and transferring China’s currency outside the SWIFT system
“I don’t think Russia will return to such a situation of the dollar’s influence on the domestic economy,” said Sberbank CEO German Gref.
China’s foreign exchange stockpile slides to lowest since 2018 amid rising U.S. dollar
The value of China’s foreign exchange reserves fell to the lowest since October 2018 in the wake of a smaller trade surplus and exchange rate volatility. China’s FX stockpile stood at $3.055T as of …
China’s yuan continues to fall against the dollar despite Beijing’s aggressive steps to prop up the currency
China’s yuan has dropped all the way to a key psychological milestone that, if exceeded, could mean further decline.
China and India could take advantage of a Russian oil price cap and buy more cheap barrels, US Treasury official says
The US-led price cap efforts are meant to reduce Moscow’s ability to finance its war machine. “Our hope is that countries like China and India will join the price cap coalition,” he said at a…
China’s top lawmaker praises ‘resilience’ of Russia’s sanctions-hit economy
Beijing’s No 3 official, Li Zhanshu, is in Vladivostok to attend the Eastern Economic Forum, the first stop on an 11-day tour The most senior Chinese leader to travel abroad since the pandemic began, …
FTSE 100 Live: China trade figures disappoint, mining shares fall
Stock markets are under pressure after China reported disappointing trade figures today. Asian stock markets fell and Brent crude was below $92 a barrel at one point amid fears over the outlook for …
Xi Jinping calls for China to ‘push for a green, low carbon lifestyle’ amid self-sufficiency drive
President Xi Jinping underscored the importance of a ‘comprehensive saving strategy’ and urged for major resource risks to be addressed as a priority Speech at a meeting Xi chaired on deepening reform …
Prepared Additives for Cements, Mortars or Concretes Markets in China: Demand to Grow at 4% Through 2031 – ResearchAndMarkets.com
China’s demand for Prepared Additives for Cements, Mortars or Concretes has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese …
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China
Deutsche Bank CEO Christian Sewing has warned that a recession in Germany is inevitable, and urged the country’s leaders to accelerate its decoupling from China.
China’s ‘Lost Decade’ Is Even Worse Than You Think
Even though Omicron and other highly transmissible variants are undeterred by shutting down massive municipalities, Chinese officials can’t seem to help themselves. In recent days, the central city of …
China’s Economy Takes Hit from Global Slowdown as Exports Weaken
China’s export growth slowed more than expected in August and imports stagnated, a sign of a darkening global economic picture and weak domestic growth hit by Covid lockdowns and a property slump.Most …
UPDATE 1-China’s trade growth in August loses steam on softer demand
China’s exports growth weakened in August, as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted production, reviving downside risks for the economy. Exports rose …