(Reuters) S&P Global Ratings has affirmed China’s stable output growth with an A+/A-1 rating amid disruptions by the COVID-19 pandemic. S&P expects China to maintain economic growth above average compared…
(WSJ) China will release its stockpiles of industrial metals to curb commodity prices which have ticked to a 13-year high. Economic stimulus across the world and resumption of activity have…
(Bloomberg) Turkish President Recep Tayyip Erdogan said his country signed a fresh $3.6 billion swap with China, taking the limit on currency arrangement to $6 billion. The swap deal allows…
(WSJ) Chinese ride-sharing giant Didi Chuxing is prepared to raise funds amounting to 8%-10% of its valuation as it prepares to list in the US in July. Didi’s valuation could…
(UToday) Crypto exchanges that include Binance, Huobi, and OKEx were blocked from China’s search engines on Wednesday. The move is seen as a continuation of Beijing’s crackdowns on cryptocurrencies. The…
(CNBC). China experienced an increase in production costs as the producer price index rose to 9% in May, the fastest since the 2008 index of 9.13%. Building, iron, and steel…
Goldman Sachs does not expect China to win the war on curtailing rising commodity prices, according to Bloomberg. Strategist Jeffrey Currie says Beijing has lost the fight to control prices…
Chinese banks will hold 7% of foreign currencies in reserves, according to Bloomberg. The rate is a 2% increase and is the first in ten years aiming to counter the…
China’s Futu and Tiger Brokers are seeking a Singapore and U.S license to avail trading in digital tokens, according to CNBC. The companies, set to rival stock trading app Robinhood,…
China gave an optimistic economic activity stabilization in May but faces a lot of challenges ahead, according to SCMP. A heavy level of risk has been created by high commodity…
Two inactivated vaccines from China’s Sinopharm successfully suppressed Covid-19, according to Bloomberg. The findings, published by a U.S medical journal, found the shots to be 72.8% and 78.1% effective against…
Highly indebted Chinese companies are sending shivers among global investors with $2.14 trillion of bonds due by 2023, according to NIKKEI Asia. Investors believe Beijing is unlikely to bail out…