Tag Archives: China

China’s import data in September posted disappointing growth, while exports beat expectations, according to data released Wednesday by the customs agency. Imports in US dollars rose 17.6 percent last month from a year ago to $240 billion, less than 20 percent estimated by analysts polled by Reuters. Exports in US …

Auto sales in China fell 19.6% from the same month a year ago, according to data released Tuesday, October 12, falling for the fifth month in a row as production was disrupted by a long-running global shortage of semiconductors. Data from the China Automobile Manufacturers Association revealed that total sales …

Crude prices surged as traders expect oil and natural gas production will be limited by a global drive to lower carbon emissions and a mix up secure supplies.U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since 2014 and bringing its climb …

Retailers are racing to import the goods and gadgets for consumers to buy during holiday shopping season, the growing list of shortages has made it difficult for them to find enough stock. Due to inflation concerns, consumers expect higher prices, delays, and opportunistic resellers as Black Friday and Cyber Monday …

Bitcoin managed to settle above the 20 EMA which is located near $44,000 and is trying to settle above the 50 EMA at $44,600. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum.Bitcoin has reaped some gains after the comments by Fed …

China has ordered its top energy companies to secure winter supplies at all costs. The orders come with growing energy crisis in the country. The Chinese directive was issued during an emergency meeting presided by head of China’s energy section and industrial production Vice Premier Han Zheng.Zheng called all the …

Oil is trading at USD 75.08 a barrel for WTI and at USD 77.70 for Brent on Thursday.The global energy crisis impacted China’s economy, however, since China came out to express preparedness to pay top dollar to secure more supply and issued orders to energy suppliers to stock up, oil …

China’s Caixin Manufacturing PMI for September came in at 50.0 vs. 49.5 expected and 49.2 for August, indicating that the country’s manufacturing sector is heading towards expansion territory. Earlier, China’s official manufacturing PMI contracted to 49.6 in September from 50.1 in August and 50.1 expected, the National Bureau of Statistics …

China Evergrande Group said Wednesday that it’s planning to sell its $1.5 billion stake in Shengjing Bank, which comes as an attempt of the group to avoid default. The announcement was added to other practices aiming at easing concerns the collapse of the huge real-states entity could spread through the …

After China’s latest crackdown on digital currency activities, and according to new data from blockchain labs, China’s growth in crypto trading by volume fell deeply after last week’s restrictions. Most Western European countries have turned into the world’s largest crypto economy, receiving USD 1 trillion over the last year, or …