Category: Chinas
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Crypto Breakout Edges? China’s Stimulus May Fuel Rally, Says QCP Capital—Here’s Why
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China’s recent stimulus measures have sparked optimism in global financial markets, and according to QCP Capital analysts, the effects could soon extend to the crypto space. While stock indices have responded positively to China’s economic policies, the cryptocurrency market has yet to see a similar surge. However, QCP Capital believes…
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Euro firms against dollar, yuan jumps on China’s stimulus boost By Reuters
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By Ray Wee and Linda Pasquini LONDON/SINGAPORE (Reuters) – The euro edged up against the dollar on Wednesday while the yuan hit its strongest level in more than a year as China’s aggressive stimulus package provided the latest boost to risk appetite. The US dollar – the traditional safe-haven currency…
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China’s Leapmotor and Stellantis open orders in Europe for budget EVs By Reuters
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MILAN (Reuters) – Chinese automaker LibMotor and partner Stellantis said on Tuesday they would start taking orders in Europe for a city car and an SUV as they expand their low-cost electric vehicle offering in the region. Stellantis owns a 51% stake in its joint venture Leapmotor International and has…
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China’s youth unemployment rate hit a fresh high in the latest data
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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US bill to restrict business with China’s WuXi AppTec, BGI passes House By Reuters
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By Karen Freifeld (Reuters) – The U.S. House of Representatives on Monday passed a bill aimed at restricting transactions with China’s WuXi AppTec, BGI and several other biotech companies on national security grounds. The first floor vote was on the Biosecurity Act, which would ban federal contracts with targeted companies…
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ForexLive Asia-Pacific FX news wrap: China’s CPI slows, PPI plunges
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China’s central bank didn’t buy any gold in August
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Gold monthly China’s central bank did not announce any gold purchases in August, saying reserves remained at 72.80 million troy ounces. Announced purchases stopped in May after several months of accumulation. Reports later suggested that the People’s Bank of China had become price sensitive. In February, the People’s Bank of…
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Bernstein breaks down China’s robotaxi scene By Investing.com
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Investing.com – China’s robotaxi market is a rapidly evolving sector, with leading tech companies vying for dominance through technological innovation and strategic city launches. The robotaxi market is primarily based on LIDAR-based devices and advanced neural network technology, which supports fully autonomous driving at Level 4 (L4). Key players in…
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US is building allies network to counter China’s threat, top diplomat to Taiwan says By Reuters
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Written by Yimou Li and Fabian Hamacher TAIPEI (Reuters) – The United States is building a network of alliances in the Indo-Pacific region to counter China’s threats there, the top U.S. diplomat in Taiwan said on Wednesday, adding that the island was not Beijing’s only target in its bid to…
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China’s Xi says committed to stable relationship with US based on win-win cooperation
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China’s Xi says committed to stable relationship with US based on win-win cooperation
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China’s January – July industrial profits rise 3.6% YoY
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China’s yuan set for longest weekly winning streak since 2021 By Reuters
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SHANGHAI (Reuters) – Sterling edged up slightly against the weaker dollar on Friday and looked set for a fifth straight weekly gain, its longest winning streak in more than three years. The yuan was supported by stronger corporate interest in repatriating their foreign exchange earnings on the back of recent…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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China’s Economy Keeps Gliding on Just One Engine
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Breadcrumbs Path Links PMN Business China’s economy has relied on industrial production to keep growing this year, and data next week is expected to provide evidence of the strength of that support. Article author: Bloomberg News Katya Dmitrieva and Craig Stirling Published on August 3, 2024 • Read for 7…
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China’s Politburo holds meeting to set out economic priorities for H2 2024
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Blinken meets China’s Wang after chiding Beijing’s ‘escalating actions’ at sea By Reuters
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By Simon Lewis VIENTIANE (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi on Saturday at a regional summit in Laos, hours after he criticized Beijing’s “escalatory and unlawful actions” in the South China Sea. Blinken and Wang shook hands and greeted each other in…
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China’s Old Car Trade-in Push Met With Doubt Amid Soft Demand
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Breadcrumbs Path Links PMN Business Electric carmakers have welcomed China’s move to double cash subsidies for replacing internal combustion engine vehicles, while others have expressed doubts about China’s ability to stimulate consumer demand for large purchases. Article author: Published on July 26, 2024 • Read for 2 minutes You can…
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China’s Burgeoning Chicken Feet Market at Risk From Brazil Ban
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Breadcrumbs Path Links PMN Business Chicken feet are a common food on dim sum menus and a popular street snack, but the high prices of chicken feet threaten to put them out of reach for many Chinese consumers. Article author: Published on July 24, 2024 • Read for 3 minutes…