Category: China
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China Tones It Down at Davos This Time Ahead of Trump Tariffs
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Breadcrumb links BMN Business In 2017, weeks after Donald Trump’s first presidential election victory, Xi Jinping became the first Chinese president to address the World Economic Forum in Davos, Switzerland, drawing applause as he criticized protectionism and declared that a trade war would hurt both sides. Article writer: Bloomberg News…
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Mayors from China, ASEAN discuss urban openness, cooperation
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Article content Nanning, China, Jan. 17, 2025 (GLOBE NEWSWIRE) — Mayors, representatives and experts from China and ASEAN countries gathered in Nanning, the capital of south China’s Guangxi Zhuang Autonomous Region, to discuss urban openness and cooperation during the dialogue that opened on Thursday. . Article content Hosted by the…
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China Faces Gloomy Earnings Season Amid Doubts Over Stimulus
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Breadcrumb links BMN Business China’s stimulus campaign came too late and was too small to have a significant impact on full-year corporate earnings, according to analysts, leaving investors bracing for a disappointing earnings season. Article writer: Bloomberg News Bloomberg News Posted on January 16, 2025 • 3 minutes read You…
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Rachel Reeves’ China visit restores crucial links with world’s second-largest economy
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Deals worth £600m have been concluded, potentially adding £1bn of value to the UK economy, following Chancellor Rachel Reeves’ trip to Beijing. Winnie Cao, head of the China office and China business group at Blake Rotenberg, described the fruitful discussions between Reeves and Vice Premier He Lifeng as a positive…
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China and the UK restart economic and financial talks after a 6-year hiatus
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Breadcrumb links PMN BMN Business Article writer: Associated Press Semena Maestrino Posted on January 11, 2025 • Last updated 11 hours ago • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content TAIPEI, Taiwan (AP) —…
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Chancellor heads to China in search of growth amid surging borrowing costs
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Rachel Reeves said that Britain has “absolutely no choice” but to deal with China, as it seeks to support economic growth against the backdrop of high borrowing costs and unstable financial markets. The advisor arrived in Beijing to finalize new trade and investment commitments worth £600 million over five years,…
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China two-year yield eyes fall below 1.00%
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Written by Jamie MacGyver (Reuters) – A look at the day ahead in Asian markets. The first full trading week of 2025 kicks off in Asia on Monday with a sharp decline in Chinese currency and bond yields, an increasingly tense and volatile political situation in South Korea, and a…
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Investors Shift Focus to India, Japan as China Slows: Report
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Investors shift focus to India and Japan as China slows worldwide Emerging markets China is witnessing a radical shift in investment flows, with both institutions and individual investors adjusting their allocations away from China and towards markets such as India and Japan, according to a recent report by Franklin Templeton.…
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An underground detector in China will sniff out mysterious ghost particles called neutrinos
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Breadcrumb links PMN BMN Business Article writer: Associated Press Adithi Ramakrishnan Wong Han Guan Posted on December 17, 2024 • Last updated 10 minutes ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content CAIPING,…
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China May Be On the Verge of Ending Its Bitcoin Ban
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Look, I think it’s only a matter of time before China does a complete 180 on its Bitcoin ban. Yes, they banned trading and mining in 2021, but honestly, a lot has changed since then – especially this year. Bitcoin’s momentum globally has been crazy. We have seen US President-elect…
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2024 bull run in home stretch, China ‘data dump’ eyed
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Written by Jamie MacGyver (Reuters) – A look at the day ahead in Asian markets. Asia begins the final full trading week of 2024 with the monthly ‘China data dump’ falling on Monday, and with investors leaning towards keeping the stock market uptrend going as central banks around the world…
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China inflation eyed, global political uncertainty bubbling up
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Written by Jamie MacGyver (Reuters) – A look at the day ahead in Asian markets. Attention turns to China on Monday and the release of November inflation data, with global investors broadly optimistic as a sustained rally on Wall Street continues but is tempered by an increasingly volatile geopolitical backdrop.…
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U.S. preps China chip curbs that stop short of early proposals
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The Biden administration is considering additional restrictions on sales of semiconductor equipment and AI memory chips to China, which would escalate the US crackdown on Beijing’s technology ambitions, but stops short of some of the tougher measures previously considered, according to people. Informed about the matter. The people, who confirmed…
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LVMH’s Hennessy plan to trial bottling in China and bypass tariffs sparks hundreds protesting on home turf
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Hundreds of employees of French cognac maker Hennessy, part of luxury conglomerate LVMH’s empire, went on strike Tuesday in protest against measures the brand plans to use to circumvent Chinese tariffs imposed in a row with the European Union. French unions CGT and FO said that between 500 and 600…
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LVMH’s Hennessy plan to trial bottling in China and bypass tariffs sparks hundreds protesting on home turf
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Hundreds of employees of French cognac maker Hennessy, part of luxury conglomerate LVMH’s empire, went on strike Tuesday in protest against measures the brand plans to use to circumvent Chinese tariffs imposed in a row with the European Union. French unions CGT and FO said that between 500 and 600…
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Asian Stocks Fall as China Support Disappoints: Markets Wrap
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(Bloomberg) — Asian stocks fell after China’s planned debt swap program appeared inadequate to some investors and data showed continuing deflationary pressures. Most read from Bloomberg The region’s stock index fell more than 1% on Monday, with Hong Kong and mainland Chinese stocks falling in early trading. Standards have also…
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California farmers enjoy pistachio boom, with much of it headed to China
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Breadcrumb links PMN BMN Business Article writer: Associated Press Amy Taxin Posted on November 10, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content LOST HILLS, Calif. (AP) — In a sprawling factory in…
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California farmers enjoy pistachio boom, with much of it headed to China
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Breadcrumb links PMN BMN Business Article writer: Associated Press Amy Taxin Posted on November 10, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content LOST HILLS, Calif. (AP) — In a sprawling factory in…