(NBS) China’s retail sales defied Omicron impacts in the January-February period to rise by 6.7%, above estimates of 3.0%. The gain was stronger than the 1.7% improvement in December. The…
(Bloomberg) Shares of e-commerce giant Alibaba Group fell more than 10% on Monday as investors digested reports that Russia had sought Chinese military help. Following the Monday decline, Alibaba’s loss…
(NBS) China posted a producer price index of 8.8% in February, an eight-month low, easing from a 9.1% increase in January. The decline in factory prices happened amid the closure…
(HIS Markit) China’s Business Activity Index was recorded at 50.2 in February, a decline from 51.4 in January, marking the softest expansion since September. The slowdown in the service activity…
(NBS) China’s manufacturing purchasing managers’ index improved to 50.2 in February, surpassing estimates of 49.8. The gains in manufacturing happen amid several measures to boost liquidity by the Chinese government,…
(FT) Russian RTS Index drops 14% as Russia is ready to recognize terrorist organizations in eastern Ukraine. Geopolitical analysts are reading a neutralizing stance by China over tensions in Ukraine,…
(NBS) China’s consumer prices rose by 0.9% in January from the prior year, a slower increase compared to a 1.5% gain in December and below projections of 1.0%. The producer…
(Bloomberg) Bloomberg’s Intelligence gauge for Chinese property developer shares rose 3% on Wednesday after Beijing eased a year-long cap on loans for the sector to finance public rental housing. The…
(Baidu) China has started testing its central bank digital currency at the 2022 winter Olympics, moving ahead of its global peers. The digital yuan or eCNY is being offered to…
(IHS Markit) China’s Business Activity Index showed a reading of 51.4 in January, down from 53.1 in December, as measures to slow down the rising Covid-19 cases hurt growth. Overall…
(Bloomberg) A Bloomberg Intelligence index gauging the stocks of China’s education firms has fallen by 27% in the last three days to the lowest since 2015 as renewed crackdown panic…
(Bloomberg) Beijing is turning into a new generation of disruptive startups in a new government program escalating tech war with the US to counter Silicon Valley. In a government program…