Category: Chinas
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Suning’s loss of Inter Milan caps China’s failure to dominate soccer
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About a decade ago, Xi Jinping, the Chinese president, I saw a dream: To transform the country into a global football power. This ambition was soon supported by work and money. Chinese companies have pumped money into the country’s local league, So attract Football stars based in Europe. Some companies…
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Week Ahead in FX (May 27 – 31): Global GDP and Inflation Updates Plus China’s PMIs
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The PMIs are out and now it’s time for the leading lagging indicators to take center stage! Inflation updates may move interest rate expectations for major central banks, while global GDP releases may influence the strength of individual currencies in the next few days. Before all that, ICYMI, I wrote…
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Lidar maker Hesai sues US government, denies alleged link to China’s military By Reuters
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SAN FRANCISCO (Reuters) – China-based Hisai Group filed a lawsuit against the U.S. government on Monday to add the maker of lidar light sensors to a list of companies allegedly working with the Chinese military. Hesai, whose sensors help self-driving cars and driver assistance systems obtain a 3D map of…
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Analysis-Why China’s tolerance for a cheaper currency may be temporary By Reuters
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SHANGHAI (Reuters) – Currency markets are reading subtle signals from Chinese authorities as an indication that they are slowly pushing the yuan lower to restore export competitiveness, but analysts say the yuan’s prolonged weakness is neither the goal nor what is desired. The biggest signal of tolerance for yuan weakness…
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China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
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For y/y data: CPI +0.3% Continuing to claw its way out of the downturn This is the third month in a row that the CPI has exceeded zero on an annual basis Expected +0.2%, Previous +0.1% Producer Price Index -2.5% The economy remains in a deep contraction, as it has…
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China’s Xi backs Macron call for global Olympic truce By Reuters
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Written by John Irish and Elizabeth Pineau PARIS (Reuters) – Chinese President Xi Jinping on Monday called for a global truce during the Paris Olympics this summer after the French president and the head of the European Commission urged him to use his influence over Russia to end its war…