(Bloomberg) — While much of the focus in currency markets right now is how the prospect of slowing Federal Reserve rate hikes has helped fuel dollar weakness, the biggest factor may be across th...
Tag: China
Soochow Securities and Bank of China Launches E-CNY Payments
e-CNY payments were used to purchase wealth management services. Suzhou is one of the first four pilot cities to launch digital renminbi – China’s legal currency. Soochow seeks to expand the level of ...
CBDCs permeate China as Yuan used to buy securities for the first time
For the first time, the digital yuan (e-CNY), a token issued by the Bank of China, has been used to purchase securities. The country put the e-CNY into circulation last week. China has advanced furthe...
Investor Calls For More Buybacks From Alibaba, GDP & Retail Sales Beat Expectations
China Last Night KraneShares Key News Asian equity markets were largely lower as Pakistan was off nearly -3.5% following a largely positive day in the region on Monday. Hong Kong was mixed on Monday a...
ChatGPT demand on Google hits a record high as China dominates interest
Text-based artificial intelligence tool ChatGPT has witnessed increased interest driven by the ability to generate human-like responses while conducting natural language processing tasks. Indeed, the ...
Defending Democracy And Liberty In The Face Of China’s Challenge
In today’s Xinjiang, the Uighur minority is straitjacketed by surveillance and mass detentions. … [+] (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images) AFP via Getty I...
China’s Population Falls For First Time In 60 Years—Here’s Why
Topline China’s population shrank in 2022 for the first time in decades, the National Bureau of Statistics said on Tuesday, a shift signaling a looming demographic crisis that could have far-reaching ...
Didi Gets Greenlight to Relaunch in China after 18-Month Suspension
Before the relaunch of user registration, existing users of the Didi app used it as long as they had it on their phones. After an 18-month suspension in China, Didi finally got approval to relaunch it...
a full recovery not expected this year
Singapore is welcoming them back, but a full return of Chinese tourists isn’t likely in 2023, Singapore Tourism Board executives said at a press conference Tuesday. Singapore Tourism Board’...
Beauty Farm IPO Soars By 53% On Hopes China Spending Poised To Recover
Shoppers and visitors walk along Nanjing Road shopping street in Shanghai last July. Consumer … [+] spending may get a boost this year from the end of the country’s “zero-Covid”...
VeChain partners with CAFA in blockchain adoption and development in China
7 hours ago | 2 mins read Blockchain News As part of the collaboration, VeChain and China Accounting & Finance Association (CAFA) are working together to incorporate blockchain technology into the...
China should set aside political issues on vaccine imports, CEO says
China needs to move past political considerations and look at importing Covid-19 jabs to end the pandemic globally, according to the chief executive of the world’s latest vaccine manufacturer. &...
China’s Overreach Is Putting Its Economic Rise At Risk
BEIJING, CHINA -NOVEMBER 28: Protesters shout slogans during a protest against Chinas strict zero … [+] COVID measures on November 28, 2022 in Beijing, China. (Photo by Kevin Frayer/Getty Images...
China Southern Airlines, China Eastern Airlines to delist from NYSE amid exodus of state-owned enterprises from US exchanges
Two Chinese state airlines announced on Friday they would delist from the New York Stock Exchange (NYSE), adding to a list of state-owned companies withdrawing from US capital markets amid tightened s...
World Economy’s Schizophrenic Year Begins In China
Will global growth roar higher in 2023? It’ll depend whether China’s post-zero-Covid reopening boom actually materializes. getty Depending on who you speak with, 2023 will either be a year...
As China Tech Stocks Roar Back, a New Normal Will Test Upside
(Bloomberg) — Chinese tech stocks are suddenly back in Wall Street’s favor, but that doesn’t mean investors and analysts expect the sector to regain its former glory any time soon — if ever. Mos...
Is Crypto Coming Back To China?
Join Our Telegram channel to stay up to date on breaking news coverage The new year has come with a jump in the cryptocurrency market. The global cryptocurrency market capitalization is back above $90...
Take profits on Starbucks after its huge run, and check out these 3 other stocks
In Friday’s “Morning Meeting,” we dug into our inbox and found an excellent question raised by a member of the Investing Club. Starbucks – like Halliburton – has had a nice run latel...
Advanced Microchip Production Relies On Taiwan
Semiconductor fabrication lays the foundation for microchip production and therefore helps to make our world go round in many ways, as chips do not only power computers, smartphones and other consumer...
Markets Rise On Epic Foreign Inflow As Internet Stocks Climb The Wall Of Worry, Week In Review
China Last Night KraneShares Week in Review China’s December CPI was released at +1.8% versus November’s +1.6%, meeting expectations of 1.8%. On Wednesday, The World Bank cut its 2023 global GDP growt...
China Counts CBDC in Monetary Base Supply for First Time
For the first time ever, the People’s Bank of China (PBOC) has included its central bank digital currency (CBDC) in official cash reports. China’s digital yuan, otherwise known as e-CNY, amounted to 1...
Can China’s Billionaires Breathe A Sigh Of Relief In 2023?
Jack Ma, cofounder of Chinese e-commerce behemoth Alibaba and fintech giant Ant Group. PHILIPPE LOPEZ/AFP via Getty Images) For China’s richest billionaires, last year was the worst in decades. Covid-...
Why Singapore isn’t singling China out
Singapore’s Minister for Health Ong Ye Kung told Parliament Monday that the government is not imposing new restrictions on travelers from China because limited flight capacity, combined with its...