Tag: Chinas

China’s main state banks defend yuan as inventory markets slide

© Reuters. Chinese language Yuan banknotes are seen on this illustration image taken June 14, 2022. REUTERS/Florence Lo/Illustration (Reuters) - China's main state-owned banks have been heavy sellers of {dollars} on Wednesday, three folks...

China’s Premier Orders Extra Measures to Arrest Inventory Rout

(Bloomberg) — China’s Premier Li Qiang requested authorities to take extra “forceful” measures to stabilize his nation’s slumping inventory market and investor confidence, after the mainland’s benchmark CSI 300 Index hit a five-year...

China’s underground crypto market thrives regardless of harsh buying and selling ban: WSJ

Regardless of Beijing’s 2021 ban on crypto buying and selling, a thriving underground market reportedly continues to function in China. The Wall Avenue Journal (WSJ) reported that buyers circumvent the nation’s stringent laws...

U.S. counters China’s Belt and Highway with $553m funding in Sri Lanka

The U.S. introduced a $553 million challenge Wednesday to construct a deep-water transport container terminal in Sri Lanka’s Port of Colombo because it competes with China in worldwide improvement financing.The challenge is billed...

China’s October Caixin Manufacturing PMI 49.5 (vs. 50.8 anticipated)

China's October Caixin Manufacturing PMI is available in, again in contraction, at 49.550.8 anticipated, prior was 50.6From the report, briefly:first contraction since Julyslower development in total gross salesweak overseas demandnew export orders shrunk for 4...

China’s demand nonetheless casts a shadow over Aussie

AUDUSD, W1 The USDIndex fell -0.23% on Tuesday and recorded a 1-week low. Yesterday, a rally in shares...

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