Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Pi...
Tag: China
Digital Yuan Usage in China Leaps 1,800% in Past 12 Months
The digital yuan is gaining traction in China with the number of wallets growing exponentially to 261 million. Reports say the use of the digital yuan central bank digital currency (CBDC) increased by...
Shopping Festival Sales On June 18 Rise & Highlight New Consumer Habits, Asian Equities Flash Risk Off
China Last Night KraneShares Key News Asian equities were mostly lower overnight despite the significant comeback in the US yesterday. Hong Kong saw a slight uptick in volume as Mainland China saw low...
US Sanctions Help China Supercharge Its Chipmaking Industry
(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-g...
China warns Bitcoin could ‘go to zero’ after crypto market crash
Amid uncertainty that has engulfed the cryptocurrency market after an extended period of bearishness, during which its flagship asset, Bitcoin (BTC), briefly slumped below $19,000, before returning ab...
Australia, India, Singapore Help Fuel Executive Search Gains In Asia-Pacific As Covid Impact Wanes
“It’s a very good year,” says Boyden APAC board member William Farrell. Boyden Growing demand for business and engineering talent in Australia, India and Singapore is giving a boost to executive searc...
Maverick’ Passes $900 Million Worldwide
Tom Cruise plays Capt. Pete “Maverick” Mitchell in Top Gun: Maverick from Paramount Pictures, Skydance and Jerry Bruckheimer Films. Paramount Pictures Paramount has announced that Skydance...
Five Reasons The Ukraine War Could Force A Rethink Of Washington’s Pivot To Asia
Russia’s invasion of Ukraine has greatly complicated U.S. military and diplomatic calculations, but it doesn’t seem to have changed official Washington’s belief that China is the greater threat. A fac...
Hong Kong Outperforms As Growth Leads, Biden Mulls Tariff Action
Key News Asian equities were mixed but mostly higher overnight as Hong Kong outperformed, driven by growth and internet stocks as optimism gathers over the end to lockdowns in China and an improving m...
US Sanctions Helped China Supercharge Its Chipmaking Industry
(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-g...
Giant Floating Hong Kong Restaurant Tips Over In South China Sea
Topline Hong Kong’s Jumbo Floating Restaurant—a popular tourist attraction that welcomed celebrities and politicians including Tom Cruise and Queen Elizabeth II—capsized in the South China Sea on Sund...
Lenovo Adds HTC Chairwoman Cher Wang To Board Of Directors
Cher Wang, HTC Chairwoman Cher Wang on stage at the Barcelona Mobile World Congress in 2018. (Photo … [+] by Paco Freire/SOPA Images/LightRocket via Getty Images) LightRocket via Getty Images Le...
China swoops on cheap Russian oil as Western supplies dry up
Russia China oil sanctions – AP Russia has overtaken Saudi Arabia as China’s biggest oil provider as Beijing seeks to take advantage of the crisis by snapping up cheaper supplies. China’s crude ...
China’s Reopening is No Blossoming of Energy Markets
A transit officer, wearing a protective gear, controls access to a tunnel in the direction of Pudong … [+] district in lockdown as a measure against the Covid-19 coronavirus, in Shanghai on Marc...
NFT platforms in China increase from 100 to over 500 in four months
China declared a ban on cryptocurrency mining and trading last year. However, even after the ban, non-fungible tokens (NFTs) have remained in a territory lacking regulatory clarity. Local state media ...
Iron Ore Sinks and Steel Mills Go Dark on Deepening China Gloom
(Bloomberg) — Iron ore plunged more than 7% in Singapore — giving up all its gains this year — as steel mills idled blast furnaces amid growing pessimism over the demand outlook in C...
China’s Unpredictability Is “Poisonous” For Its Business Environment, EU Chamber Says
A volunteer in protective gear fans himself with a paper printed with a health QR code at a COVID-19 … [+] testing site in Beijing, Monday, June 20, 2022. (AP Photo/Andy Wong) ASSOCIATED PRESS U...
China Buys $7.5 Billion of Russian Energy With Oil at Record
(Bloomberg) — China continued to snap up Russian energy products last month, including a record quantity of crude oil, lifting purchases to $7.47 billion — about $1 billion more than April...
Massive Oil Refining Capacity Idle in China Even as Prices Soar
(Bloomberg) — As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, there’s a massive pool of oil refining capacity on the other side of the Pacific Ocean ...
Digital Colletible Platforms in China Grow Exponentially Amid Government Warnings
Despite being known for its anti-crypto stance, China has not banned NFTs yet. Meanwhile, a noticeable interest in “digital collectibles” have recently surged in the country amid the government warnin...
NFT Platforms Are On The Rise In China Amid Regulatory Uncertainty
The NFT market in China exhibited exponential growth over the past few months. The number of NFT platforms in the country has surpassed the 500 mark, a 5-time increase compared to 100 platforms in Feb...
NFT platforms in China grow 5X in four months despite government warnings
The popularity of nonfungible tokens (NFTs) is on the rise as recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022, when ...
China’s Xi says trade with Russia to hit new records in coming months
Chinese President Xi Jinping spoke Friday via video at the St. Petersburg International Economic Forum’s plenary session, which Russian President Vladimir Putin opened with a speech over an hour...
JD And Alibaba Lead Internet Rally, PBOC Accepts Ant’s Financial Holding Company Application, Week In Review
China Last Night KraneShares Week in Review Hong Kong and Mainland China were the only markets in Asia with positive performance for the week. Southbound Stock Connect volumes were elevated on Monday ...
Tesla’s Tough Quarter Means Price Hikes, Job Cuts And Stalled Production In China
Tesla Model Y and Model 3 electric vehicles built at the company’s Shanghai plant are loaded up to be shipped to Belgium. Shen Chunchen/VCG via Getty Images Tesla’s Model Y, the electric-car mak...
JD.com, Roku, Alibaba and more
Check out the companies making headlines before the bell: Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the c...
Chinese Education Tycoon Regains Billionaire Status By Pivoting To Livestreamed Sales
Yu Minhong, founder and chairman of New Oriental Education & Technology Group Inc. (Photo by Visual … [+] China Group via Getty Images/Visual China Group via Getty Images) Visual China Group...
China real estate troubles sent debt indicator to record high
Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is...
Swiss Interest Rate Hike Turns Asian Equities Into Swiss Cheese As Mainland Investors Ignore Risk Off
China Last Night KraneShares Key News Asian markets had a decent day until the Swiss National Bank unexpectedly raised interest rates 50 basis points sending risk assets south immediately. Returns wer...