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Chinese stocks climb on economic outlook
... around 2.85% early on Tuesday. The offshore yuan was little changed compared to the dollar. Credit traders said that Chinese high-yield dollar bonds rose as much as 2 cents on the dollar Tuesday morning on the easing signs. Market watchers said that China will need to reduce the banks reserve ratio to boost risk assets, given the move of fine-tuning monetary policy that has already been priced in by the domestic financial markets. According to Zhiwei Zhang, Chief Economist at Pinpoint Asset Management,...
Updated: 12/07/2021
China exports up 22% in November, imports up sharply
Containers are seen at the Yangshan Deep Water Port in Shanghai, China on August 6, 2019. BEIJing, Dec 7 Reuters - China's exports lost steam in November, pressured by a strong yuan, weakening demand and higher costs, but imports accelerated and higher prices, but cards declined by a stronger yuan, weaken demand and ...
Updated: 12/07/2021
Latest Chinese news, sports, business and entertainment at 9:20 p.m. edt
... that Troops move In to protect Cancun Tourists. None Even in the Metaverse, Not All Identities Are Created Equal. The Relentless Demand for Chips in Malaysia is No The World's Relentless. None Meet the New Climate Refugee in Town: Coyotes Shares in China 's real estate companies went up after policymakers tried to expand support for the economy as a property market downturn threatens to hamper growth into next year. People familiar with the matter said that China Evergrande Group is planning to ...
Updated: 12/07/2021
Investors still unsure how long Evergrande hit
BOSTON Reuters' Just three months after narrowly avoiding collapse, the world's most indebted developer China Evergrande Group is teetering on the brink again, and investors are still not sure how long or how long if how long is sure how short is well well it could reverberate. LONDON BOSTON Reuters -- Just three months after narrowly avoiding collapse,...
Updated: 12/07/2021
China reacts angrily to US Winter Olympics boycott
China reacted angrily to the US government's diplomatic boycott of the Winter Olympics next year, as more countries said they would consider joining the protest over Beijing's human rights record and New Zealand announced it would not send representatives ...
Updated: 12/07/2021
Asian stocks edge higher on Omicron fears
... the big losers, while Indian and Taiwanese stocks are outperformed this year, as the benchmark has lost 6% this year. Australia 's S&P ASX 200 rose 0.5% on Tuesday, while Japan 's Nikkei advanced 1.1% as risk-on sentiment pushed U.S. stocks higher. China 's CSI 300 index gained 0.7% and Hong Kong 's Hang Seng Index increased 1.3% as the central bank freed up $188 billion in liquidity through policy easing. The People's Bank of China said on Monday it would reduce the amount of cash banks must ...
Updated: 12/07/2021
China politburo signals stimulus move as property woes continue
China politburo has signalled measures to kickstart the faltering economy as the crisis gripping the country s debt-laden property sector continues to play havoc with growth forecasts. China politburo has signalled measures to kickstart the faltering ...
Updated: 12/07/2021
Businesses optimistic about China despite restrictions, says survey
... policies. The British Chamber of Commerce in Beijing said that the country's tight restrictions on international travel are the top concern for British firms, but they are more optimistic than last year because of inconsistent travel and visa policies. China still has strict controls on long quarantines and restrictions on flights and visas, despite the fact that other countries in Asia have slowly opened their borders to international travel. China is more isolated from the world today than at any ...
Updated: 12/07/2021
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