The lifting of restrictions imposed because of the coronavirus has led to an uptick in consumer spending, industrial output, and investment in China this year. Nonetheless, rising unemployment and a f...
Tag: Chinas
China’s New Premier Shows Pro-Business Side And Vows To Support Private Economy
China’s Premier Li Qiang speaks during a press conference after the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing on March 13, 2023. GR...
China’s new premier on economic outlook, growth
China’s new premier Li Qiang said Monday that policymakers would focus on the quality of growth. While he said China’s growth target of around 5% won’t be easy to achieve, policymake...
Tesla Price Cuts Trigger Desperate Fight For Survival In China’s EV Market
The China EV price war has reached a fever pitch — kicked off by Tesla — with the mass market the new battlefront in the world’s largest and fastest-growing market for electric vehicles. X Chine...
Xi Jinping Starts Unprecedented Third Term As China’s President
China’s President Xi Jinping swears under oath after being re-elected as president for a third term during the third plenary session of the National People’s Congress (NPC) at the Great Ha...
Is Hong Kong On Its Way to Become China’s Crypto Hub?
1 A new Bloomberg report states that Beijing is supporting Hong Kong to transform it into a crypto hub. 2 Officials from the Liaison office of China were spotted in crypto events in the city. Accordin...
Trip.com Financial Results Provide Important Insight Into China’s Reopening
China Last Night KraneShares Key News Asian equities were higher overnight, with China and Hong Kong underperforming. India was off for Holi, which celebrates the arrival of spring according to Google...
China’s WeChat starts accepting CBDC payments
Ad China’s most popular social networking application WeChat expanded its payment options by adding the country’s Central Bank Digital Currency (CBDC), according to Forkast News. WeChat’s payment arm,...
China’s WeChat adds support for digital yuan payments
WeChat has joined the growing list of Chinese platforms supporting the country’s central bank digital currency (CBDC), the digital yuan (e-CNY). The move is expected to boost digital yan adoption in t...
How China’s shifting growth picture could hit global markets
A shopping mall in Qingzhou, Shandong province, broadcasts the opening ceremony of China’s National People’s Congress on Sunday, March 5, 2023. Future Publishing | Future Publishing | Gett...
NPC Begins, Premier Li Indicates China’s Economy Might Not Need Strong Stimulus
China Last Night KraneShares National People’s Congress (NPC) Update Premier Li delivered the Government Work Report to start the National People’s Congress. Please see the key points of his address b...
CZ denounces rumor ‘widely’ spread on China’s WeChat
Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by a United States federal law enforcement agency after it “spread widely” across a Chinese messaging platform. In a March 4 ...
China’s Growth Plans Give Commodities Bulls Little to Run With
(Bloomberg) — China’s annual National People’s Congress, the first since Beijing brought an abrupt end to three years of crippling Covid Zero restrictions, has begun with a modest target for eco...
These U.S.-Listed Stocks Surge—Alibaba, Baidu And More—After China’s Economic Rebound
Topline Shares of the largest Chinese heavyweights trading in the United States surged Wednesday after data showed China’s manufacturing sector unexpectedly expanded at the fastest pace in more ...
China’s Tesla Set To Report Mounting Losses, But Look For This| Investor’s Business Daily
Nio (NIO) reports earnings for the fourth quarter early Wednesday, and losses are expected to mount after the Chinese premium EV startup missed its Q4 delivery target. Nio stock edged higher Tuesday, ...
Asia’s Former Richest Woman Takes Over From Father Amid China’s Prolonged Real Estate Slump
Country Garden founder Yeung Kwok-keung (Photo by David Wong/South China Morning Post via Getty Images) South China Morning Post via Getty Images Yang Huiyan, who has cochaired property developer Coun...
The Rally in China’s Technology Stocks is Fading Fast
(Bloomberg) — A dizzying rally in China’s technology stocks is fading fast as growth concerns take center stage despite a string of earnings beats. Most Read from Bloomberg The Nasdaq Golden Dra...
The Impact Of China’s Reopening
China has reopened its doors following its long zero-Covid policy. But now governments and energy firms around the world are waiting to see what this means both for the energy industry and global supp...
China’s economy is looking at a new wave of Japanification
The next few months put Japan in line for a series of anniversaries it would probably prefer to forget. But these are dates which the leadership in China may be wise to mark: the detonation of timebom...
China’s Shenzhen Cloudsky Considering US IPO before Year End
The China Securities Regulatory Commission (CSRC) recently announced rules for domestic companies considering overseas IPOs. According to people familiar with the matter, Chinese cloud service provide...
China’s foreign loans are becoming a US burden
When the pandemic threw low-income countries into distress in 2020, China initially appeared to be part of the solution, delivering more debt relief than any other lender to coronavirus-hit countries....
China’s Capital Quietly Backs up Hong Kong’s Crypto Hub Ambitions
Join Our Telegram channel to stay up to date on breaking news coverage According to reports, the Chinese government subtly supports Hong Kong’s vision of becoming a cryptocurrency powerhouse. The supp...
Is Hong Kong (SAR) On its way to Become China’s Crypto Hub?
A new Bloomberg report states that Beijing is supporting Hong Kong to transform it into a crypto hub. Officials from the Liaison office of China were spotted in crypto events in the city. According to...
Hong Kong’s Crypto Push Could Have China’s Backing: Reports
Is China experimenting with crypto in its backyard – Hong Kong? Over the last few months, the city has made some decisive moves to have a clear regulatory environment for crypto businesses in its juri...
Star Banker’s Disappearance Surprises Even China’s State Lenders
(Bloomberg) — The disappearance of Chinese banker Bao Fan has surprised even some of his state-owned lenders, several of which are asking his firm for more information as they assess their expos...
China’s MATIC Conflux up 67%, Key Reason Powering Growth
Godfrey Benjamin Conflux has co-created blockchain-powered SIM for users in Asia China’s supposed MATIC competitor, Conflux (CFX), is among the top-performing altcoins today as it is up 68.77% t...
China’s only public blockchain, Conflux, sees CFX price skyrocket 1,300% in 2023
Conflux Network (CFX) is up nearly 500% in the past week, with CFX emerging as one of the best-performing crypto assets in 2023 as China appears to be warming to cryptocurrency trading. What is Confl...
China’s Newest Weapon to Nab Western Technology—Its Courts
The growing conflict between China and the U.S. extends from computer-chip factories to a suspected spy balloon over American skies. Running through it all is a struggle for technological superiority....
China’s Taking Control of LNG as Global Demand Booms
(Bloomberg) — A rush by China to sign new long-term liquefied natural gas deals promises to give the nation even more control over the global market at a time when competition for cargoes is boo...
How A U.S. Trade Loophole Called ‘De Minimis’ Is China’s ‘Free Trade Deal’
A worker makes clothes at a garment factory that supplies SHEIN, a cross-border fast fashion … [+] e-commerce company in Guangzhou. (Photo by Jade Gao / AFP) (Photo by JADE GAO/AFP via Getty Ima...