China Last Night KraneShares Key News Asian equities were largely off on light volume though a few countries managed small gains. Australia avoided the Fed and Putin’s escalation induced risk-of...
Tag: China
US Digital Currency a ‘Unanimous Need’ to Compete With China: House Committee
Five speakers at a hearing for the U.S. House Committee on Financial Services voted in favor of the U.S. developing some kind of national stablecoin or CBDC on Tuesday, citing competition from China’s...
Cost to ship goods from China falls 14 weeks in a row to December 2020 levels
The war in Ukraine is seemingly entering a new phase as the Russian president calls for partial mobilization of Russian reserve troops, causing a knee-jerk reaction in the oil markets. On the other ha...
Battery-Swapping Unlikely To Ruffle Fragile U.S., European Chargers
Electric SUV car exchange battery in battery swapping station. Fast battery exchange solution. 3D … [+] rendering image. getty The revival of battery-swapping in China is unlikely to catch on in...
Trip.com says China hotel bookings are surpassing pre-pandemic levels
BEIJING — Hotel reservations in China have surpassed pre-pandemic levels since late June, booking site Trip.com said Thursday. Trip.com shares briefly fell by more than 7% Thursday in Hong Kong tradin...
Trip.com, China’s Biggest Online Travel Site, Reverses To Profit In 2nd Quarter As Global Bookings Gain
Employees walk through the reception area at the Trip.com headquarters in Shanghai in 2021. … [+] Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Trip.com, China biggest online tr...
A Country You’ve Never Heard Of Is Sitting On A Massive Offshore Field That Can Replace Russian Gas
This year has brought unrivaled chaos to the global natural gas market. Russia’s weaponization of its European gas pipelines has left the continent scrambling for energy alternatives, and their urgent...
World Will Have Nearly 40% More Millionaires By 2026: Credit Suisse
North America and China helped fuel an increase in global wealth last year, according to the Global … [+] Wealth Report published by Credit Suisse Research Institute on Tuesday. Photographer: Mi...
China Will Extend Its Testing of the Digital Yuan to Its Most Populated Provinces – crypto.news
According to a top central bank official, China will extend the reach of its ongoing digital renminbi trials to include the entirety of several of its most populous and advanced regions by the end of ...
Apple Suppliers Off As Tencent Denies Divestment Article
China Last Night KraneShares Key News Asia was risk off on light volumes before today’s Fed rate hike and more saber-rattling from Putin, which led to China calling for a ceasefire. Hong Kong-listed i...
CBDC Wars: Why The U.S. Must Create Its Own Stablecoin To Compete With China
The United States is embarking on a campaign toward the introduction of a CBDC, or central bank digital currency. As part of the White House’s first-ever comprehensive framework, the Treasury Departme...
China Runs Down Oil Stockpiles as Market Eyes Big Export Quotas
(Bloomberg) — China has begun running down its crude oil stockpiles, which could signal that refiners are getting ready to boost fuel exports as part of the government’s efforts to revive the ec...
European businesses are rethinking their plans for a ‘closed’ China
BEIJING — European businesses in China are revaluating their market plans after this year’s Covid controls further isolated the country from the rest of the world, said Joerg Wuttke, president o...
China Grows Slower Than Asia For First Time In 30 Years
An aerial view of people lining up for nucleic acid tests during a new round of citywide testing on September 9, 2022 in Tianjin, China. VCG/VCG via Getty Images In a press briefing this week, Asian D...
U.S. Must Contain Fallout From Crypto-Zone Scheme On Nuked Pacific Island
TO GO WITH Marshalls-US-nuclear-health by Giff Johnson This undated aerial photo received on March … [+] 4, 2010 shows Rongelap Island, one of more than 60 in a necklace of coral islands that wa...
Taxes, Inequality And Unemployment Will Weigh On China After Party Congress
Russian President Vladimir Putin, left, speaks to China President Xi Jinping during the Shanghai … [+] Cooperation Organization summit last Friday. (Sergei Bobylev, Sputnik, Kremlin Pool Photo v...
Hong Kong Reopening Announced Along With Pro-Consumption Policies
China Last Night KraneShares Key News Asian equities had a positive day on light volumes led by growth stocks across the region. The Hong Kong government announced ending its hotel quarantine for fore...
Why Alibaba Stock Is an Exception to Goldman’s US Market Preference
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
PCAOB Begins Audit Reviews
China Last Night KraneShares Key News Asian equity markets closed lower to start the week in anticipation of the US Federal Reserve hiking interest rates another 75 basis points. However, India manage...
China doubling down on fossil fuel usage despite carbon neutrality pledge
China is the world’s biggest emitter of greenhouse gasses and a premier driver of global warming. This realization has had China’s president Xi pledge to be carbon neutral by 2060, yet, most affluent ...
Why Alibaba, Other China Tech Stocks Are an Exception to Goldman Sachs’ Outlook
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
China Adds A New Energy Storage Billionaire
Shenzhen Hello Power went public at the Shenzhen Stock Exchange today. (Photo by VCG/VCG via Getty … [+] Images) VCG via Getty Images China, home to the world’s largest number of billionaires af...
The Latest U.S.-China Worry: Another Ramp-Up in the Tech Cold War
Text size Wang Zhao/AFP via Getty Images The already-fractured U.S.-China relationship could worsen as the U.S. rolls out more restrictions aimed at curbing China’s access to technology and investment...
Nothing Left to Fight With
The remains of an F-16C from the 614th Tactical Fighter Squadron shot down over Iraq during … [+] Operation Desert Storm in 1991. In a future conflict with China this could sadly be a common sig...
Litecoin Gains Extra Footing in China as Beijing Court Finds It Protected by Property Law
Litecoin might be covered by Chinese property law, according to China’s top court, Beijing Number One Intermediate People’s Court. A Chinese court has ruled that residents may trade crypto...
Possession of Bitcoin still legal in China despite the ban, lawyer says
Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law. One of the wor...
Pan Sutong’s Battle To Save His Real Estate Empire
Pan Sutong bet billions on a massive project to build opulent homes in Tianjin for China’s nouveaux riche—but the gamble backfired and now Pan’s creditors want to seize his assets. Pan Sutong’s empire...
China Court Rules Crypto As Property Despite Trading Ban
Ruling in the instance of an outstanding loan case, a court in Beijing has found that cryptocurrency is protected by Chinese property laws. ‘LTC Is Not Currency’ The Beijing Number One Intermediate P...
Why The Shanghai Cooperation Organization Summit In Uzbekistan This Week Should Matter For The West
Chinese President Xi Jinping, left, Russian President Vladimir Putin, center, Uzbek President … [+] Shavkat Mirziyoyev, second right, Tajikistan’s President Emomali Rahmon, right, walk to ...