JPMorgan Chase CEO Jamie Dimon made an offhand remark about China yesterday (Nov. 23) he soon came to regret. “We hope to be there for a long time,” he said of the country during a panel event at the Boston College Chief Executives Club. “The Communist Party is celebrating its 100th year. So is JPMorgan. […]
Read More(Bloomberg) — A consortium led by Alibaba Group Holding Ltd., has emerged as the frontrunner to take over Tsinghua Unigroup Co., a deal that could fetch more than 50 billion yuan ($7.8 billion) to help keep China’s indebted chip champion afloat. The Chinese central government is leaning towards the Alibaba-led offer given the e-commerce giant’s […]
Read More(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s inflation risks are building while new Covid-19 outbreaks are dimming the outlook for economic growth, throwing the spotlight back on policy makers as the Communist Party’s top leaders gather for a crucial political meeting this week. […]
Read MoreHome to the biggest population in the world and the second-largest economy, China is a business powerhouse. Its booming urban middle class has spurred amazing entrepreneurial activity that often produces lucrative investment opportunities. If you’re looking for a way to invest in Chinese stocks, there is no shortage of options. Stocks from all over the […]
Read More(Bloomberg) — China may be forced to start buying crude at elevated prices to replenish its thinning crude stockpiles, adding more pressure to a nation that’s facing energy shortages and seeking to avert a diesel crisis. Commercial and strategic oil inventories have shrunk to the lowest level since November 2018 in terms of filled capacity, […]
Read More(Bloomberg) — Who will survive in China’s property sector is becoming a key question for investors as the country’s credit market undergoes its biggest shakeout in years. A surge in Chinese junk dollar bond yields in October, briefly reaching 20%, has made it all but impossible for stressed developers to refinance their maturing debt. Such […]
Read MoreIllustration by Matt Chase China’s sweeping crackdown has roiled the cryptocurrency world. China had become a key player in this new financial ecosystem, and Beijing’s actions could be the leading edge of a broader regulatory crackdown on cryptocurrencies and crypto assets by regulators around the world. This would be unfortunate. Cryptocurrencies have many flaws, but […]
Read MoreChina’s financial markets are nearing “peak stress” levels, with worries mounting over its highly leveraged property sector as the saga around troubled developer China Evergrande Group plays out. And investors shouldn’t expect a sustained bounce in the country’s equity market until the credit cycle turns for the better, said analysts at Danske Bank. But assets […]
Read More(Bloomberg) — Heavy rains and flooding expanded mine shutdowns in China’s biggest coal-producing region, sending prices to a record and hindering efforts by Beijing to boost energy supplies for winter. Floods have closed 60 of the 682 coal mines in Shanxi province, a region that has produced 30% of China’s supply of the fuel this […]
Read MoreIn a late-August ruling, China’s supreme court declared one of the country’s most infamous work practices illegal. Known as “996,” the term is shorthand for a work schedule spanning from 9 a.m. to 9 p.m., six days per week. Though popularized by the country’s soaring tech firms, often evoking images of hip urban startup employees […]
Read MoreMoxian (BVI) Inc engages in internet media marketing business in Hong Kong, China, and Malaysia. The company operates online-to-offline business that provides an online platform for small and medium sized enterprises with physical stores to conduct business online, interact with existing customers, and obtain new ones. It also operates the Games Channel, an application that […]
Read MoreChina Green Agriculture, Inc., through its subsidiaries, engages in the research, development, production, and sale of various types of fertilizers and agricultural products. The company operates in three segments: Jinong, Gufeng, and Yuxing. Its fertilizer products include humic acid-based compound fertilizers, compound fertilizers, blended fertilizers, organic compound fertilizers, slow-release fertilizers, highly-concentrated water-soluble fertilizers, and mixed […]
Read MorePlus, Best Buy delivered an earnings beat, top tech executives are expected to meet with President Biden at the White House tomorrow to discuss cybersecurity, and Peloton announced its new Tread treadmill.
Read MorePlus, Apple is reportedly planning to make major camera and video upgrades to its new lineup of iPhones, AMC reported a narrower-than-expected loss, and Robinhood is buying Say Technologies.
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