Tag: China

Weekend data – China September Services PMI dropped into contraction, first time since May

Caixin Services Purchasing Managers' Index (PMI) for September 2022 came in at 49.3China's economy is struggling under the weight of ongoing COVID outbreaks and the imposition of restrictions on activity. As well as...

Spare oil capacity risks complete erosion when China reopens

(Bloomberg) — The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy. ...

European shares fall as miners tumble on weak China demand By Reuters

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 6, 2022. REUTERS/Staff By Shreyashi Sanyal (Reuters) - European shares fell on Wednesday, with miners...

Biden administration to maintain China tariffs while review continues By Reuters

2/2 © Reuters. FILE PHOTO: U.S. President Joe Biden waves as he walks towards Marine One to depart for a weekend at Camp David from the White House in Washington, U.S., September 2, 2022....

China Deploys Rain-Seeding Drones to End Drought in Sichuan : technology

China is using two massive drones to seed rainclouds in Sichuan province to try to end a devastating drought that has choked power output and disrupted supply chains of global giants like Apple...

Russian Gold Rerouted to China Amid Western Ban

Russia has significantly ramped up gold exports to China as Western governments closed their markets to the precious metal over the war in Ukraine, media outlet RBC reported Friday citing Chinese customs data. China imported...

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