Category: China
-
Asian stocks dip amid weak China GDP, Trump shooting aftermath By Investing.com
•
Most Asian stocks fell on Monday after disappointing economic growth figures from China, while uncertainty over US policy following the assassination attempt on former President Donald Trump also weighed on sentiment. Markets faced low trading volumes due to the Japanese market holiday. But losses in most Asian markets were limited…
-
China plenum meeting against the background of calls for more economic stimulus
•
In case you missed it, China’s weak Q2 GDP data is here in this post, and it’s wrong for both the quarter/year and the year: The reasons behind China’s relatively slow growth are not mysterious: Long-term downturn in the real estate market Real estate sector is burdened with debt Household…
-
China Property Crash Is Battering a Niche Pocket of ESG Finance
•
Breadcrumbs Path Links PMN Business China’s slowing property market is weighing on another corner of the financial market: ESG-rated secured debt. Article author: Bloomberg News Ishika Mukherjee Published on July 14, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in…
-
Trump shooting overshadows markets, China GDP in spotlight By Reuters
•
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A dramatic escalation in political tensions and violence in the United States following Saturday’s assassination attempt on former President Donald Trump looms over global markets on Monday, with Asian assets the first to show what impact…
-
Deflation in China is spilling over into the US and euro area: Morgan Stanley By Investing.com
•
Deflationary pressures from China’s slowing economy are starting to reverberate through global markets, particularly affecting the United States and the euro zone through lower commodity prices, Morgan Stanley said on Monday. China’s prolonged deflation, the deepest since the 1990s, is exacerbating overcapacity problems despite recent policy measures aimed at stabilizing…
-
DBS CEO: Trump likes to ‘cut deals,’ may be helpful with China
•
Right now, American voters face a choice between President Joe Biden and former President Donald Trump in November’s presidential election. Business leaders around the world—including in Southeast Asia, which is trying to balance its relations with the United States and China—are plotting what either outcome might mean. The overall view…
-
Deutsche Bank says Trump presidency + China tariffs = EUR/USD @parity
•
In an interview with Bloomberg TV, Deutsche Bank’s George Saravelos spoke about the main point he made in his talk about the euro: “Imagine a situation where the US erects a massive tariff wall against China.” “All these Chinese goods will have to be diverted to other markets including Europe,…
-
China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters
•
SHENZHEN, China (Reuters) – China’s auto industry association said in a statement on Saturday it was “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union. The European Automobile Manufacturers’ Association said in a post on Chinese messaging app WeChat that manufacturers had cooperated with the European Commission’s investigation into…
-
China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH By Reuters
•
AIX-EN-PROVENCE, France (Reuters) – China’s investigation into dumping in Europe’s cognac industry is a tit-for-tat response to European Union tariffs on Chinese electric cars, the chief financial officer of Hennessy cognac owner LVMH said on Saturday. China on Friday announced plans to hold a hearing on European brandy imports, escalating…
-
Taiwan says China seizure of trawler may be act of psychological warfare By Reuters
•
TAIPEI (Reuters) – China’s seizure of a Taiwanese fishing vessel operating near the Chinese coast on charges of illegal fishing may be an act of psychological warfare by Beijing aimed at increasing pressure on Taipei, a senior Taiwanese security official said on Thursday. Chinese officials boarded the boat and returned…
-
Taiwan says China seizure of trawler may be act of psychological warfare By Reuters
•
TAIPEI (Reuters) – China’s seizure of a Taiwanese fishing vessel operating near the Chinese coast on charges of illegal fishing may be an act of psychological warfare by Beijing aimed at increasing pressure on Taipei, a senior Taiwanese security official said on Thursday. Chinese officials boarded the boat and returned…
-
China leads generative AI patent filings globally, says UN data
•
Wannan Yusengkum/iStock via Getty Images China is leading other countries in AI inventions such as chatbots, filing six times as many patents as its closest competitor, the United States, Reuters reported, citing United Nations data. Generative AI patent applications have seen over 50,000 applications Applications filed over the past decade.…
-
Taiwan says China seizes fishing boat near Chinese coast By Reuters
•
By Ben Blanchard and Yimo Lee TAIPEI (Reuters) – Chinese officials boarded a Taiwanese fishing boat operating close to China’s coast near a Taiwan-controlled island late on Tuesday, then seized it and took it to a Chinese port, Taiwan’s coast guard said, in a further escalation of tensions. China views…
-
Asia FX muted after mixed China PMIs, dollar dips as rate cut bets grow By Investing.com
•
Investing.com — Most Asian currencies held tight ranges on Monday, as sentiment toward the region was weighed down by weak Chinese trade data, while the dollar fell amid some growing bets on interest rate cuts. A sharp downward revision to Japan’s first-quarter GDP growth also kept sentiment towards Asia largely…
-
Goldman Sachs bullish on China shareholder returns By Investing.com
•
Investing.com — A trend of increasing shareholder returns among Chinese companies, especially through dividends and buybacks, is taking shape in China, Goldman Sachs analysts wrote in a note. GS said it was bullish on the issue of shareholder returns in Chinese stocks, noting that the trend had been a “rewarding…
-
Analysis-Cash is leaving China again, pressuring yuan By Reuters
•
By Winnie Chu and Ankur Banerjee SHANGHAI/SINGAPORE (Reuters) – A falling yuan and widespread cash flows from the mainland to Hong Kong show that domestic investors in China are pinning their expectations on any immediate recovery in their home markets and fleeing to the nearest assets with better returns. The…
-
India boosts defense ties with Bangladesh as it tries to become a counterweight to China
•
Breadcrumb links BMN Business Article writer: Associated Press Ashok Sharma Posted on June 22, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content NEW DELHI (AP) — India and Bangladesh on Saturday moved to…
-
Oil prices fall on weaker US consumer demand, China data By Reuters
•
Written by Colin Howe and Mohi Narayan NEW DELHI (Reuters) – Oil prices fell in Asian trading on Monday after a survey on Friday showed weak US consumer demand and with crude production rising in May in China, the world’s largest crude importer. Global futures for August delivery fell 29…
-
China views Taiwan’s ‘elimination’ as national cause, Taiwan president says By Reuters
•
Written by Ben Blanchard and Ann Wang KAOHSIUNG, Taiwan (Reuters) – Taiwan President Lai Ching-te said on Sunday that China considers the annexation and “elimination” of Taiwan its major national issue, telling students at the First Military Academy that they should know their enemy and not surrender to him. Defeatism.…
-
Argentina extends currency swap with China, defusing repayment fears By Reuters
•
BUENOS AIRES (Reuters) – Argentina and China have renewed the activated portion of a major currency swap line for the equivalent of $5 billion until July 2026, the central bank said on Wednesday, dispelling concerns that they may have to make large installments over the next month. . The South…