Tag: China

March 5, 2024

Chinese Premier Li Qiang made the announcement at the opening of the country’s annual meeting of the National People’s Congress on Tuesday, in a speech that prioritised both security and the economy. Mr Li said the government would issue 1 […]

February 1, 2024

Mastercard is preparing for a speedy rollout of services in the “massive economy” of China, Mastercard’s CEO said on a call with analysts Wednesday. Mastercard, the second-largest U.S. card network, is on track to launch services in China in the […]

January 23, 2024

Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen. The MSCI’s broadest index of […]

January 9, 2024

China’s overseas auto sales surged to a record last year, on track to surpass Japan as the world’s biggest car exporter and marking a tectonic shift for the global industry. While China has become acknowledged as a world leader in […]

December 7, 2023

Oil prices struggled in attempts to reclaim the $70 a barrel handle as it faced renewed selling pressure on renewed demand concerns. Having said that WTI was up more than 1% and did trade briefly above the $70 mark. This […]

November 21, 2023

Mastercard’s entrance into China’s domestic market will further reveal whether that gigantic consumer market is a huge win for U.S.-based card companies, or an ultimate loss. Mastercard said Monday that its Mastercard NUCC Information Technology joint venture with a Chinese […]

October 23, 2023

Most Asian stocks extended recent losses on Tuesday following weak business activity readings from Japan and Australia, while Chinese markets rebounded from pre-pandemic lows as a state-run fund began snapping up some equities. Weak sentiment- amid persistent concerns over the […]

October 17, 2023

China’s economy grew at a faster-than-expected clip in the third quarter from a year earlier, official data showed on Wednesday, suggesting the recent recovery may carry enough steam to reach Beijing’s full-year growth target. Gross domestic product (GDP) grew 4.9% […]

September 7, 2023

China’s central bank extended its gold-buying spree to the 10th straight month as the world’s second-largest economy seeks to move away from its reliance on dollar reserves. The People’s Bank of China’s stockpile of the precious metal climbed by 29 […]

August 10, 2023

After years of blacklisting Chinese companies and scrutinizing their investments in the U.S., the Biden administration is sending an unmistakable signal to American business to steer investment away from China. An executive order President Biden issued Wednesday—while narrowly targeted at […]

July 5, 2023

Shares slipped in Asia on Thursday after Wall Street drifted downward following a rally that sent it roaring 16% higher for the year so far. Hong Kong’s Hang Seng index dropped 3% on heavy selling of Chinese banks shares after […]

June 7, 2023

Most Asian stocks retreated on Thursday amid continued concerns over rising interest rates and slowing global economic growth, although optimism over more Chinese stimulus measures helped limit some losses. Chinese losses limited as state banks cut deposit rates China’s Shanghai […]

May 21, 2023

China is the world’s second-largest economy and a major trading partner for numerous countries around the world, including the US. This is precisely why the country’s recent slowdown has led to growing concern among Western economists, businessmen, and officials. While […]

January 18, 2023

China yesterday reported better-than-expected December growth figures, fueling thoughts that one of the world’s largest growth engines may be moving into a higher gear. While the data was still sharply lower than the prior quarters, GDP, retail sales, and industrial […]

January 13, 2023

The export boom that carried China’s economy through much of the Covid-19 pandemic has lost momentum, adding urgency for Beijing to seek growth drivers elsewhere as the global economy struggles. The decline for Chinese exports got steeper in the final […]

January 5, 2023

Wall Street was set to tap the brakes on Thursday as upbeat jobs data after a firm message from the Fed that it won’t be cutting interest rates any time soon offset China’s latest reopening plans. News that China’s mainland […]

November 28, 2022

Oil prices fell to near their lowest levels this year on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern about the outlook for fuel demand. Brent crude dropped $2.66, or 3.1%, […]

October 14, 2022

The People’s Bank of China Governor Yi Gang reportedly said the central bank will nudge lenders to increase loans to the infrastructure, manufacturing and property sectors to better support the economy. Yi asserted a vow to “step up the implementation […]

September 6, 2022

Asian stock markets were mixed Tuesday after China promised to speed up the rollout of policy changes to boost anemic economic growth and Australia’s central bank raised its benchmark interest rate. Shanghai, Tokyo and Seoul gained while Hong Kong declined. […]

August 31, 2022

After more than two and a half years of dealing with a pandemic, economic recovery is fundamental to every government’s agenda. One of the lasting effects of the COVID-19 pandemic is undoubtedly inflation, and Russia’s war in Ukraine is complicating […]