Trump Winning in China China and the United States have a good chance of ending their ongoing trade spat, US President Donald Trump believes. “We have a very good chance of making a deal,” Trump said ahead of a press conference with French President Emmanuel Macron on Tuesday. He added the US is now in […]
China has seen a good start to its high-quality development, the Political Bureau of the Communist Party of China (CPC) Central Committee said Monday. The Chinese economy has maintained its steady growth momentum in the first quarter of this year, as major economic indicators pointed to stronger domestic demand and good coordination between the growth […]
Do Not See a Trade War With China Ahead US Treasury Secretary Steven Mnuchin said on the sidelines of the International Monetary Fund (IMF) and World Bank (WB) Spring meetings in Washington that a trip to China to discuss trade is in the offing. “I am not going to make any comment on timing, nor […]
China Trade Truce in the Making The words in the air are that US Treasury Secretary Steven Mnuchin is considering a trip to China to moderate/mitigate a trade dispute with Beijing. Secretary Mnuchin said he is “cautiously optimistic” of reaching an agreement with China that bridges their differences on trade. “A trip is under consideration.” Secretary […]
China’s non-financial outbound direct investment (ODI) continued to see double-digit growth in the first quarter of the year, official data showed Monday. Domestic investors made 25.5 billion U.S. dollars of non-financial ODI in 2,023 overseas enterprises in 140 countries and regions for January-March, the Ministry of Commerce (MOC) said. The figure was up 24.1 percent […]
The private sector has played a significant part in the long-term rapid development of the Chinese economy, the statistics authority has said. The number of private industrial businesses with annual turnover over 20 million yuan (3.18 million U.S. dollars) stood at 222,000 in 2017, up 17.5 percent from five years ago and accounting for 57.7 […]
People are Asking, “Is there more trade pressure coming against China?” Clearly, US President Trump believes that his Administration’s trade threats against China are working and now there is talk of plans to focus on new tariffs and possible blocks to Chinese tech investment in the US. According to an article Thursday in the WS-J, siting […]
Xi’s Comments on ‘Opening Up’ China Driving Broad Rally $DIA, $SPY, $QQQ, $VXX Wall Street’s major stock indexes hit session highs Tuesday as investors concerns about rising US-China trade tension receded after Chinese President Xi Jinping promised to cut import tariffs. Fully 10 of the 11 major S&P sectors were higher, with the energy index […]
Chinese President Xi Jinping unveiled new measures for expanding reform and opening up Tuesday as China marks the 40th anniversary of the policy this year, heralding “a new phase of opening up” for common prosperity of both China and the world. “China’s reform and opening up meets its people’s aspiration for development, innovation and a […]
Atlantis Sanya, the first Atlantis resort in China, will fully open to the public on April 28, 2018. The grand opening of this ocean-themed integrated entertainment destination will coincide with the festivities of Hainan Province Special Economic Zone 30th Anniversary. Located on the Haitang Bay National Coast in Hainan province, Atlantis Sanya joins the flagship […]
Beijing has requested dispute consultations with the United States at the World Trade Organization over US tariffs slapped on imports of Chinese steel and alumium products, according to a WTO document published Tuesday. China’s representative to the world trade body has requested “consultations” with Washington over its decision to impose “additional ad valorem rate of […]
Escalating trade tensions between China and the US is one of the most closely followed issues during this year’s Boao Forum. Some are worried that Chinese tech companies, fintech in particular, will be hurt by Trump’s actions but Dong Qi, founder and CEO of Finup Fintech Group, does not think that the trade conflict will […]
President Trump is ‘Responding to China’s Decades of Misdeeds’ Monday, President Donald Trump is trying to warn about China’s “decades of misdeeds,” White House economic adviser Larry Kudlow said. After announcing new tariffs last week, President Trump Tweeted early Monday morning: “No, it sounds like STUPID TRADE going on for years!” “This President’s got some […]
President Trump, “China will take down its trade barriers” Sunday, US President Donald Trump said he sees an end to the so-called trade dispute with China, after tit-for-tat retaliatory tariffs and threats that rattled markets. “China will take down its trade barriers because it is the right thing to do,” President Trump said in a […]
President Trump Staking US Trade Position Vs China and the World The US trade figures for February that were released this week and showed a widening deficit. President Donald Trump’s policies over the past year have been calculated to increase the size of the US trade and current account deficits. One could easily say that the […]
“China Is the Problem. President Trump Is the Solution” $DIA, $SPY, $QQQ, $VXX White House economic adviser Larry Kudlow rejects the notion that the world is in a trade war, pointing out that China is the reason for escalating tensions. “China is the problem. President Trump is the solution,” Mr. Kudlow said in a TV […]
President Trump, ‘We will stop China from taking advantage on trade” Thursday, US President Donald Trump said it is time to stop China from “taking advantage” of America, just as a Top adviser said the administration will ask allies to pressure Beijing on its trade policies. President Trump showed no sign of backing down after […]
US Not in a Trade War with China, Market Knows It, Surges $DIA, $SPY, $QQQ, $VXX Wednesday, US President Donald Trump said that the United States was not in a trade war with China, after Beijing slapped tariffs on a list of US imports in retaliation for similar duties levied by the White House 1 […]
Beijing will hit 106 American products, including soybean, automobile, and chemicals, with a 25-percent tariff in response to US levies on Chinese goods, Bloomberg reports, citing a CCTV report of the State Council decision. The move comes after Washington slapped nearly 1,300 Chinese goods with 25-percent tariffs. According to the White House, the measure is […]
The USA on Tuesday raised the stakes in a growing trade showdown with China, targeting 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing’s intellectual property practices. After the US unveiled a preliminary list of imports from China that will be hit by the tariff […]
US China Trade War Latest News Beijing will not hesitate to take further countermeasures in case Washington decides to impose a new round of tariff hikes against Chinese goods, with China’s ambassador to the US promising a swift and “proportional” response. China’s Ambassador to the United States Cui Tiankai said that the new fares on […]
China Has Launched Its Gold-backed ‘Petroyuan’ $CNY, $USD, $USO, $OIL, $GLD For the last few years, I have been writing about China’s coming Gold-backed ‘petroyuan’ and that it was imminent, few thought is possible. On 26 March China launch an RMB Yuan-dominated Crude Oil futures contract, it had tried before, but, now the contract has gotten […]
China will cut value-added tax (VAT) rates as part of a tax reduction package amounting to 400 billion yuan (about 63 billion U.S. dollars) this year. The decision was made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday. It is expected to boost high-quality development. The tax rate, starting from […]
China Horse Racing: Chengdu Dubai International Cup The 2018 edition of the Chengdu Dubai International Cup will be held on Saturday, April 7, 2018, and marks the fifth running of this highly successful partnership between Meydan Group, the Chengdu Municipal Government, the Chengdu Sports Bureau, the Wenjiang District Government and China Guangsha Group. The venue […]
The historic launch of the long-awaited trading of Chinese crude futures this week has stirred up a heated debate among analysts as to whether the new commodity product will prosper or flop. Some market analysts expressed doubts over the success of the petro-yuan, citing Beijing’s yearning for total control over trading as one of the […]
North Korean leader Kim Jong-un and his Chinese counterpart, Xi Jinping, have held talks in Beijing, in Kim’s first foreign trip since taking office. Kim’s wife reportedly accompanied him. Both Chinese and North Korean state media have confirmed that Kim is on a state visit to China. Kim arrived at the invitation of the Chinese […]
China’s major industrial firms saw stronger profit growth in the first two months of this year thanks to improved efficiency and profitability, adding to evidence of a stabilizing economy. Industrial companies with annual revenue of more than 20 million yuan (about 3.2 million U.S. dollars) reported profits of 969 billion yuan in the first two […]
Amid fears of a potentially devastating trade war between the US and China, Washington has urged Beijing not to implement the ban on US garbage and recyclable materials that Asia’s giant threatened to impose last July. In an effort to battle the “illegal foreign garbage” influx into China, last July China’s Ministry of Environmental Protection […]
American consumers will be the biggest losers if a full-fledged US-China trade war breaks out, Beijing has warned, after President Donald Trump signed a memorandum to impose new tariffs targeting over $50bn of Chinese imports. “The US’ persistence in advancing the Section 301 investigation and publishing the so-called findings to pick a trade war will […]
President Trump’s Tariffs to Curb China’s Abuses Thursday, US Commerce Secretary Wilbur Ross said President Donald Trump’s latest round of tariffs on Chinese imports will lead to a trade war with America’s biggest trading partner. “There will be some ultimate retaliation from the Chinese but I don’t think it’s going to be the end of […]
The “Unicorn” has become a much chased creature in China’s investment world. In recent weeks, the country’s regulators signaled that they would fast-track new listings by “unicorn companies” — startups valued at more than 1 billion U.S. dollars — to “invigorate the country’s capital market and foster the new economy.” The Shanghai Stock Exchange, for […]
Xi Jinping was elected Chinese president by a unanimous vote Saturday morning at the ongoing session of the 13th National People’s Congress (NPC). Thunderous applause reverberated in the Great Hall of the People when the election result was announced. Xi, 64, stood up and bowed, while the voters responded by standing up and clapping vigorously. […]
China is Still Growing China’s industrial output expanded at 7.2 percent year on year in the first two months, accelerating from 6.2 percent growth in December 2017, official data showed Wednesday. The growth was faster than the 6.3 percent growth during the same period last year, the National Bureau of Statistics (NBS) said in a […]
China Can ‘Open Up’ More, We Expect it Will People’s Bank of China (PBoC) Governor Zhou Xiaochuan, 70 anni, said market access reforms should be accelerated and that the world’s 2nd-largest economy “ can be bolder in opening up.” Policy makers are now focused on achieving “quality” growth, rather than the pace of expansion, which […]
China to Open Financial Sector, May Release a Cryptocurrency $BTC.X $ETH.X $XRP.X CryptoCurrencies China is in no hurry in developing a digital currency, Zhou Xiaochuan, the country’s central bank governor, said here Friday. The development of a digital currency should be a prudent progress and avoid excessive speculation, Zhou said at a press conference on […]
China Talks Tougher On Bitcoin Regulation $BTCUSD $CME, $CBOE Bitcoin slipped below the $11,000 mark as it emerged that China has called for more centralized regulation of blockchain, the underlying technology behind the cryptocurrency. The speculative asset class had consolidated its position Monday after soaring above Key resistance just before the weekend, but dip sharply in […]
A Chinese tycoon’s purchase of vast wheat fields in France highlights China’s increasing acquisition of foreign farmland as the Asian giant seeks to keep up with its massive population’s growing appetite. With 1.4 billion mouths to feed — one-fifth of the world’s population — but less than 10 percent of the planet’s arable land, China […]
China’s Banking Regulator Cut ‘Red Tap’ to Promote Financial Sector Growth China’s banking regulator has introduced steps to cut the Red Tape for foreign banks, state media agency said Saturday, as part of the government’s ongoing effort to promote investment in the country’s fast-growing financial sector. The China Banking Regulatory Commission (CBRC) has revised its […]
China Natural Resources (NASDAQ:CHNR) Stock Worth Watching Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 2.48. The projected lower bound is: 1.67. The projected closing price is: 2.07. Candlesticks A black […]
China Finance Online (NASDAQ:JRJC) Jumps 7.41% Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 2.83. The projected lower bound is: 1.83. The projected closing price is: 2.33. Candlesticks A big white […]
US Oil Exports to China Narrows Trade Deficit $USO, $OIL, $SHI Few expected China to become a major buyer of US Crude Oil Now, data in Thomson Reuters Eikon shows US Crude Oil shipments to China went from nothing before Y 2016 to a record 400,000 BPD in January, worth almost $1-B. Additionally, half a […]
Talking Sex Dolls Storm China With China facing a massive gender gap and a greying population, a company wants to hook up lonely men and retirees with a new kind of companion: “Smart” sex dolls that can talk, play music and turn on dishwashers. Rows of voluptuous silicon bodies hang in the warehouse of EXDOLL, […]
Horse Racing News: China May Make Gambling on Races Legal With existing exceptions on Basketball and Soccer, talk of Casino’s in Hainan and the move by Hong Kong Jockey Club into China there seems to be an increasing chance of live betting coming to China’s racetracks. China has embraced the sport with a passion over […]
China Life Insurance Company Limited (NYSE:LFC) Heffx Trading Review Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 17.46. The projected lower bound is: 15.81. The projected closing price is: 16.64. Candlesticks A white body occurred (because prices closed higher than they […]
China Southern Airlines Company Limited (NYSE:ZNH) Declines 3.25% Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 68.95. The projected lower bound is: 57.07. The projected closing price is: 63.01. Candlesticks A […]
China Telecom Corporation Limited (NYSE:CHA) Mixed Signals Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 50.27. The projected lower bound is: 47.74. The projected closing price is: 49.01. Candlesticks A black body occurred (because prices closed lower than they opened). During […]
China’s Economy +6.9% in 2017, Beats Forecasts China’s economy finished Y 2017 on strong with a better-than-expected growth rate and improved structure, official data showed Thursday. The world’s 2nd largest economy expanded 6.9% Y-Y in Y 2017, higher than the 6.7% growth registered in Y 2016, data from the National Bureau of Statistics (NBS) showed. […]
China Luxury Sales Rebound as Millennials Spend $LVMUY, $PPRUY, $BBRYF China’s luxury goods market is back in fashion A new China is emerging with new consumers that were not there 5 years ago that have different profiles, different expectations and different tastes. Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, […]
Strong Gold Rally Seen on China Demand and Bullish Options $GLD Gold’s rally eased a bit this week, but the look of both the physical and paper markets suggest it has got much more room to run. Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its […]
China, the world’s second largest economy, has eclipsed its official growth target of about 6.5 percent, expanding 6.9 percent last year. It’s the first time since 2010 that the pace of growth has picked up. Chinese Premier Li Keqiang also said last week he expected growth to be at “around 6.9 percent.” Official data showed […]
China Has Not Banned Bitcoin, Ethereum, Ripple It has been widely reported that Chinese authorities aiming to completely ban centralized trading of virtual currencies as well as individuals and businesses that provide related services. That seems to be more headline than fact. The report was based on an internal memo from a government meeting seen […]
Zhaopin Limited (“Zhaopin” or the “Company”), a leading career platform in China focused on connecting users with relevant job opportunities through their career lifecycle, released its 2017 fourth-quarter report on China labor market supply and demand for white-collar workers. While the competition for jobs was relatively stable in the fourth quarter, the average monthly salary […]
Last year brought steady trade growth to China thanks to domestic and global expansion, while behind the numbers, trends are emerging which tell of shifting engines of growth. China’s foreign trade rose 14.2 percent to 27.8 trillion yuan (4.3 trillion U.S. dollars), following two years of decline. Exports increased 10.8 percent to reach 15.3 trillion […]
China Building Trade in South East Asia China’s involvement is set to boost the economies of Myanmar, Laos, Thailand, Cambodia and Vietnam China eyes stronger ties with the other five countries along the Lancang-Mekong river, pledging new loans, medical aids and scholarships to its neighbors. At the second Lancang-Mekong Cooperation (LMC) leaders’ meeting here on […]
Pakistan a ‘Pothole’ in China’s New Silk Road Initiative China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14-B pothole in Pakistan. Pakistan’s relations with Beijing are so close that officials call China their “Iron Brother.” Despite that, plans for the Diamer-Bhasha Dam were thrown […]
On January 10, 2018, the 2017-2018 Global Top Brands Ceremony sponsored by the International Data Group (IDG) was held at the International Consumer Electronics Show (CES). Based on the theme of “Wisdom creates brand, Start new ecology of consumption”, this ceremony aims to commend worldwide well-known consumer electronics and intelligent Internet manufacturers with innovative technology […]
Gold Up on Report China May Slow US Treasury Buys $GLD, $USD, $JPY Gold rose Wednesday, hitting its highest mark in 4 months, as the USD declines on a report that Chinese officials had recommended slowing or halting purchases of US Treasury securities, the Treasury market was flat to unchanged at its close Wednesday. USD […]
China Will Buy 184 Airbus Jets $EADSY, $BA China plans to buy 184 Airbus (OTCMKT:EADSY) A320 jetliners, French President Emmanuel Macron said Wednesday, in a diplomatic tradition aimed at defusing trade complaints. Chinese President Xi Jinping said his government “will preserve parity” in market share between Airbus and its US rival, Boeing (NYSE:BA), President Macron […]
China’s regulatory clampdown on cryptocurrencies is sparking a mass exodus of bitcoin miners from the country, which has the potential to radically alter both global bitcoin and energy markets. According to a document leaked online, China’s internet-finance regulator has recommended that local governments squeeze bitcoin miners out of the country through electricity pricing, taxation, property […]
The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in US dollars, according to Singapore’s BullionStar precious metals expert Ronan Manly. Manly exclusively told RT that there is a shift occurring regarding the two countries building up their gold reserves, to perhaps […]
China Box Office: ‘The Last Jedi’ Opened Soft at Only $28.7-M $DIS The Force was not with Star Wars: The Last Jedi in China at the weekend. The Disney (NYSE:DIS) Lucasfilm was dominated by a local comedy ‘The Ex-File 3: The Return of the Exes,’ which earned a huge $86.7-M in its 2nd frame. The 8th installment […]
China’s President Xi’s New Year Speech Heralds ‘Golden Age’ for China The New Year’s speech given by Chinese President Xi Jinping Sunday promises a Golden Age for China and shows a global vision to brush aside challenges hindering prosperity for humanity. Bangladeshi Commerce Minister Tofail Ahmed said that President Xi once again made a historic speech, saying […]
China Horse Racing: Rui Severino Takes the Training Championship Rui Severino has claimed the Championship Crown in China’s Kunming Province home of the Rider Horse Club CITIC RIDER JIALIZE Jockey Club. Rui has had a golden run since leaving Australia to train in China, he has claimed 2 Group 2 races and finished an unlucky […]
China Economic Data China’s manufacturing activity edged down in December, official data showed Sunday, but largely maintained momentum despite increased curbs on heavy industry aimed at taming the country’s chronic air pollution. The manufacturing purchasing managers’ index (PMI), a gauge of factory conditions, stood at 51.6 in December, the National Bureau of Statistics (NBS) said, […]
The Hot China Stocks There are a few Chinese companies listed in the USA that still represent value. NetEase Inc (ADR) (NASDAQ:NTES) Just before Christmas Lockheed Martin Investment Management Company increased Netease Inc (Adr) (NTES) stake by 243.44% reported in 2017Q3 SEC filing. Lockheed Martin Investment Management Company acquired 4,343 shares as Netease Inc (Adr) […]
China Thailand Rail Link will Boost Thai Economy Chinese Premier Li Keqiang on Thursday sent a congratulatory message on the launch of the construction of the first phase of the China-Thailand railway project. Thai Prime Minister Prayut Chan-o-cha attended the opening ceremony of the project held Thursday in Kele, northern Thailand. The China-Thailand railway project […]
This is my nephew, Yuan Yuan. He’s five years old, super adorable. I asked him the other day, “What would you like for your birthday this year?” He said, “I want to have a one-way mirror Spider-Man mask.” I had absolutely no idea what he was talking about, so I said, “Wow, that’s really cool, […]
Xi Jinping Thoughts on Socialist Economy with Chinese Characteristics for a New Era has taken shape, said the statement. The tone-setting meeting described the thought as the “theoretical crystallization” of the past five years of practice in pushing forward China’s economic development, the “latest fruit” of socialist political economy with Chinese characteristics, and the “extremely […]
China says, “We are rising, accept it.” Tuesday, the Chinese government criticized US President Donald Trump’s decision to label Beijing a strategic rival and called on Washington to “abandon a Cold War mentality” and accept China’s rise. President Trump’s decision reflects a “victory of hardliners” in his administration, the official news agency said. It warned […]
The World Bank has raised China’s growth forecast for this year from 6.7 percent to 6.8 percent, based on rising household income and improving external demand, according to its latest report Tuesday. It was the bank’s second upward revision for China, after it revised up the projection from 6.5 percent to 6.7 percent in April. […]
China’s growth over the last 2 decades has been astounding, but it is really just getting started. The country is now making moves that will see another round of massive growth, this time at a global and permanent level. Last week the Shanghai International Energy Exchange said the system has met all the listing requirements […]
Ferrari’s (NYSE:RACE) Portofino Debuts in Mainland China $RACE When Ferrari (NYSE:RACE) California T production, it signaled that the Portofino was about ready to launch. Just recently, the new GT (grand touring) Ferrari. 1st unveiled in Frankfurt on 17 September, was officially launched in China at a gala. The California T was named for the West Coast vibe, […]
At the opening of the International Conference on the Equine Disease Free Zone (ICEDFZ) today (12 December), Hong Kong SAR and Chinese Mainland authorities signed four memoranda of understanding reinforcing policies and procedures governing the operation of the biosecurity zone in the Conghua District of Guangzhou and related horse movement arrangements between the Club’s new […]
2018 a Big Year for China China will seek solid progress on preventing major risks, and on targeted poverty alleviation and pollution control in 2018, according to the central authorities Friday. An overall plan should be made to “ensure the winning of the three tough battles,” said a document released after a Political Bureau of […]
Hong Kong Racing to Come to China Knightsbridge are very excited about the news in China, our 1st syndicated horses will be arriving in China in 2018 and the outlook for the sport there looks bright. By J A McGrath at Godolphin A visit to Hong Kong for the International Races in December never fails […]
China’s Geely Motors Buys Lotus, Hopes to Compete with Ferrari $RACE, $GELYF, $POAHY Lotus has a new owner in Chinese automaker Geely (OTCMKT:GELYF), who’s declared ambition is to turn the struggling British sports-car maker into a rival of Ferrari (NYSE:RACE) and Porsche (OTCMKT:POAHY). A bit far-fetched in that Lotus sold less than 1600 cars globally last year, […]
China Lodging Group (ADR) (NASDAQ:HTHT) Heffx Technical Analysis Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 126.73. The projected lower bound is: 104.14. The projected closing price is: 115.43. Candlesticks A […]
CapitaLand Limited (SGX:C31) Going Cashless In China Capitaland has struck an alliance with China UnionPay to enable cashless payment in China through the former’s cardless rewards programme, CapitaStar, at the IE Singapore – CapitaLand Tech & Innovation Summit in Beijing on Friday. CapitaLand also sealed technology collaborations with leading Chinese players, which include launching a […]
China’s major industrial firms saw stronger profit growth in the first ten months of this year, the National Bureau of Statistics(NBS) said Monday. China’s industrial sector has been boosted by a year-long, government-led construction spree, which helped lift demand and prices for building materials, especially over the first half of the year. Prices of industrial […]
China’s yuan weakened against the US dollar on Friday, with strong corporate demand supporting the greenback but the Chinese currency is on course for its best week in more than a month. Prior to market opening, the People’s Bank of China (PBOC) set the official yuan midpoint at its strongest in six weeks at 6.5810 […]
Ferrari’s (NYSE:RACE)Portofino Receives a Mandarin Welcome on China Launch $RACE Ferrari (NYSE:RACE) has brought its Portofino to China, as part of their 70th Anni celebrations that featured a program covering 60 nations. The Portofino is the successor of the California T, the Supercar will have a starting price of RMB Yuan 2,908,000, or $438,382, including luxury tax, at today’s […]
China Cord Blood Corp (NYSE:CO) Heffx Technical Analysis Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. By the way, prices are vulnerable to a correction towards 11.31. The projected upper bound is: 11.72. The projected lower bound is: 10.23. The projected closing price is: 10.97. Candlesticks […]
NEEQ: China Stock Markets are Expanding A total of 30 new small and medium-sized enterprises debuted on China’s National Equities Exchange and Quotations (NEEQ), also known as the “new third board,” in the past week. The newcomers brought the total number of companies on the board to 11,649, data from the NEEQ showed. Turnover on […]
Bank of China Race Day in Hong Kong Selections A very exciting Bank of China Race Day. The BOCHK Jockey Club Cup is one of three G2 features on Sunday, alongside the BOCHK Wealth Management Jockey Club Mile and BOCHK Wealth Management Jockey Club Sprint (1200m), which are the prime lead-up races to the LONGINES […]
China’s $38-T Off-Balance Sheet Items Poses Little Risk $CNY, $UBS, $MCO The Chinese finance sector’s RMB 253-T ($38-T) of off-balance sheet items pose little risk because more than two-thirds of them are relatively harmless components such as custodial funds and untapped credit-card limits, said UBS Group AG (NYSE:UBS). Despite the size of the number, a […]
China Sending Special Envoy to NKorea China sending special envoy to NKorea, state media said Wednesday, after US President Donald Trump concluded an Asian tour to rally support against Pyongyang’s nuclear threats. President Xi Jinping’s special envoy, Song Tao, is going to NKorea Friday to discuss the Chinese Communist Party’s congress, which took place last […]
China: e-Commerce Boom Highlights Strong Consumption $BABA November 11 shopping spree is a commercial miracle for the world The record sales at major Chinese e-Commerce sites Saturday offer an insight into the robust domestic demand in the world’s 2nd-largest economy. November 11 has become an online shopping spree since Y 2009 when Alibaba’s Tmall made […]
Trump’s Granddaughter Arabella Enchants China With Mandarin Song This is Terrific, Good on Ivanka, Jared and Arabella! President Donald Trump’s granddaughter Arabella Kushner sings in Mandarin. (CGTN/YouTube) President Trump showed Chinese President Xi Jinping a video of his granddaughter in a Chinese-style dress singing a song in Mandarin and reciting a poem, which she dedicated […]
US-China Tie-up at “New Historic Starting Point” Chinese President Xi Jinping said Thursday the Sino-US relations are “at a new historic starting point.” “China is willing to work together with the United States to respect each other, stick to mutual benefit and reciprocity, focus on cooperation, and manage and control differences,” President Xi said during […]
US Soybean Export Council Optimistic about China-US Relationship $SOYB, $USD, $CNY The US Soybean industry is very optimistic about the future relationship with the Chinese soybean processing and utilization industries. “We expect China’s economy to grow, consumers’ income to increase and urbanization to expand,” Paul Burke, North Asia regional director of US Soybean Export Council […]
China’s Space Station May Crash in to Europe The European Space Agency (ESA) has already narrowed down the possible crash sites for the Chinese ‘Tiangong-1’ space station, including several European nations, which is due to meet its fiery end early in 2018. The agency will lead an international campaign comprised of a total of 13 […]
President Donald Trump Starts Official State Visit to China US President Donald Trump arrived in Beijing Wednesday afternoon, starting his state visit to China. The 3-day trip is Trump’s 1st visit to the country since he assumed the Presidency on 20 January. He is the 1st head of state to visit China since the landmark […]
China to Open Up Financial Markets with Tougher Regulations China’s central bank (PBOC) Governor Zhou Xiaochuan, 69 anni, says that the country’s financial system is becoming significantly more vulnerable due to high leverage. Zhou who has made some stern warnings recently about debt levels in the world’s 2nd-largest, soon to be the world largest economy. […]
$5-B China Investment Fund Coming to Buy US Manufacturers $GS Goldman Sachs (NYSE:GS) partners with sovereign fund China Investment Corp. (CIC) to jointly launch an up to $5-B fund to invest in US manufacturers. CIC is 1 of the world’s largest sovereign wealth funds The details of the fund will be announced Thursday as part […]
China Gold: Demand Rises 20% YTD $GLD, $USD China’s demand for Gold reportedly rose almost 20% in the 1st 9 months of this year amid strong sales of Bold bars. China’s gold demand rose 16 percent year on year to 815.89 tonnes in the first three quarters of 2017, Xinhua reported, citing the China Gold Association. Jewelry […]
China Plays a Role in the Gold Market, How Important? $GLD, $USDCNY China has been accumulating Gold over the past 10 years, and it is also the largest producer of Gold in the world and perhaps the world’s biggest consumers of the precious Yellow metal. The World Gold Council’s (WGC) data for Q-2 Y 2017, says […]
China’s manufacturing sector expanded at a slower but stable pace in October, according to official data Tuesday. The manufacturing purchasing managers’ index (PMI) came in at 51.6, moderating from 52.4 in September and 51.7 in August, according to the National Bureau of Statistics. A reading above 50 indicates expansion, while below reflects contraction. NBS statistician […]
Clintons Tied to Scandals, as Triple Deus Ex Machina Descends Upon Washington It is delicious to see, even more suddenly and completely than anyone had anticipated, the breakdown of the steamroller media smear of Donald Trump. A trinitarian deus ex machina descended. Trinitarian: belief in the doctrine of the Trinity. Deus Ex Machina: the central interface […]
China is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar’s global dominance. The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the Chinese plans, according to the head of […]
China Life Insurance (ADR) (NYSE:LFC) Long Term Bullish Trend Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 16.85. The projected lower bound is: 15.52. The projected closing price is: 16.19. Candlesticks […]