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Tag: Chinas
Why China’s central bank is shoring up the yuan
The Chinese yuan has tumbled to two-year lows against the U.S. dollar in the last few weeks. Sopa Images | Lightrocket | Getty Images BEIJING — China’s central bank has sent a strong signal it w...
China’s electric car companies are safe from the U.S. Nvidia chip ban
Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. S...
China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says
Listen to article (1 minute) One of China’s largest developers said the country’s property market has tumbled into a severe depression, using some of the strongest language yet to describe the yearlon...
CEO Bankman-Fried Says FTX has No Plans to Acquire China’s Huobi – crypto.news
FTX has been active in the acquisitions area this year, buying up startups like Liquid and Bitvo despite the crypto winter. However, in a tweet sent out Monday morning by FTX Chief Executive Sam Bankm...
No Plan To Buy China’s Huobi – FTX’s CEO
Huobi’s native token HT declined about 6% Bankman-Fried has thrown lifelines to several digital asset platforms Leon Li was exploring a stake sale in the company FTX Chief Executive Sam Bankman-Fried ...
Warren Buffett Cuts Stake in China’s BYD, Spurring Bets More May Come
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co., just over a month after speculation the legendary US investor was preparing to shed his entire position in th...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status China’s economy has been immense...
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk – Bitcoin News
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is curre...
China’s GDP Woes Crash Fed’s Jackson Hole Party
Jerome Powell speaks during a Bloomberg Television interview during the Jackson Hole economic symposium in Moran, Wyoming, U.S. David Paul Morris/Bloomberg Not since 1997 have central bankers gatherin...
China’s strong recovery in doubt despite the additional support to homebuilders
The Chinese property sector has fallen on hard times, as it seems, due to property developers taking on more work and more loans than they were able to deliver on, causing a spiral of defaults, ire, a...
China’s Ant Group partners with Malaysian investment bank Kenanga to launch ‘SuperApp’
Malaysia’s largest independent investment bank Kenanga announced today that it is partnering with China’s technology powerhouse, Ant Group, to launch a wealth generation and management “SuperApp.” The...
UBS’s Yifan Hu affirms China’s housing market is ‘still a drag’
China’s recent real estate problems were very much reminiscent of the 2008 housing crisis in the US, and the issues in China could spill into other major sectors if they persist; as Finbold reported e...
XPeng, China’s EV Startup, To Report Earnings, As Covid Stunts Economy
XPeng (XPEV), China’s electric-vehicle startup and aspiring Tesla (TSLA) challenger, reports earnings Tuesday. While the company’s vehicle deliveries ballooned in July, economic turbulence...
China’s Milestone Moment for Markets Now Just a Distant Memory
(Bloomberg) — Sentiment toward China’s frayed financial markets looks to be on its last legs with rebounds that don’t last, inflows that don’t stick and vows of more action from Beijing that kee...
China’s Hyped Decoupling From Emerging Markets May Prove a Blip
(Bloomberg) — A gulf has opened up between Chinese stocks and the rest of emerging-market equities in recent weeks as pandemic recoveries have diverged. That parting of ways is likely to be shor...
China’s economy wrestles with growing youth unemployment and falling prices for new homes
When Xi Jinping came to power in China in 2012 and detailed his ‘Chinese dream,’ he didn’t anticipate how difficult it would be for him to win an unprecedented third term as the country’s leader. Mean...
Billionaire Yang Huiyan’s Country Garden Warns Profit Will Plunge 70% Amid China’s Property Crisis
Country Garden’s Fengming Haishang residential development in Shanghai, China, on July 12, 2022. Qilai Shen/Bloomberg Country Garden Holdings—controlled by billionaire Yang Huiyan and her family...
Elon Musk Writes About a Life Enhancing Future – But It is in Magazine of China’s Internet Censor
Elon Musk, chief executive of Tesla, shares his vision for the future with a Chinese publication run by the Cyberspace Administration of China. His words were inscribed in the latest July publication ...
China’s heatwave could have knock-on effect on its economy: Economist
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by ...
China’s Internet Giants Face New Era Of Tough Oversight And Low Growth
Tencent cofounder Pony Ma (Photo by Xaume Olleros/Bloomberg) © 2016 Bloomberg Finance LP Alibaba and Tencent, the twin pillars of China’s once-booming internet sector, have long had reputations for ey...
China’s economy on the brink of collapse like the U.S. in 2008; Here’s why
On Monday, August 15, China’s central bank cut a key interest rate, representing a second cut this year, withdrawing cash from the banking system. Analysts believe that this divergence in policy compa...
China’s Electric Car Makers Poised To Raise Their Game In Europe
LYNK&CO 01 SUV car on the Auto Expo. LYNK&CO, is a new high-end auto brand jointly developed by … [+] GEELY Automobile and Volvo Motor. (Photo by Zhang Peng/LightRocket via Getty Images)...
China’s biggest Wall Street bull just liquidated his Alibaba stake amid fire sale of five Chinese stocks
Bridgewater Associates founder Ray Dalio, perhaps China’s biggest bull on Wall Street, unloaded his firm’s entire stake in e-commerce giant Alibaba amid a fire sale of its holdings in U.S.-listed Chin...
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
The dollar remains an oasis of stability in a world of volatility. getty People betting that the U.S. dollar’s slide will continue might want to pay more attention to what’s afoot in Asia. Or, perhaps...
China’s SMIC Warns of ‘Rapid Freeze’ as Smartphone Demand Skids
(Bloomberg) — Semiconductor Manufacturing International Corp. warned that clients in sectors such as smartphones were freezing orders, underscoring how a downturn in consumer electronics demand ...
Here’s where China’s real estate troubles could spill over
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou ...
Pandemic’s Impact On China’s Economy Is Only Short Term, U.S. Ambassador Says
Ambassador Qin Gang at the Fourth U.S.-China Business Forum. China’s Embassy to the U.S. The impact of the Covid-19 pandemic on China’s economy is only short-term, China Ambassador to the U.S. Q...
China’s Action Against Crypto Investment Promotions, Banned 13K Accounts
China was among those nations which initially supported and admired cryptocurrencies. However, the country abruptly banned cryptocurrencies and suspended all the crypto related operations. From transa...
China’s Cyberspace Administration issues warning on promotional cryptocurrency material
The Cyberspace Administration of China (CAC) issued a new warning about “illegal information, accounts and websites” promoting cryptocurrency on August 9. CAC on a mission to clean up cryptocurrency p...