Tag Archives: China

U.S. and global economies are in good shape after bouncing back from the downturn caused by the pandemic. Growth may not be quite as explosive as previously expected. The Organization for Economic Cooperation and Development lowered its projection for global economic growth in 2022 from 5.7 percent to 4.5 percent …

World shares rose on Monday, led by sharp gains in energy shares. Traders seized the opportunity of crude oil prices soaring to three-year highs of almost USD 80 per barrel.European stocks firmed after Germany’s election results have indicated potential chances of forming left-wing coalition. German shares jumped 1.1 per cent, …

Chinese factories across the country are ordered either to curb their activity or, in some instances, shut altogether, as Beijing’s green goals coincide with surging energy prices. The first targets include giant manufacturers across important industries such as aluminum smelters to textiles producers and soybean processing plants. China may be …

China took its strongest action so far against cryptocurrencies; and according to the PBOC, Bitcoin, ether and tether are not legal and should not and cannot be used as currency in the market because they’re issued by non-monetary authorities and use encryption technology.But the government didn’t ban possession of cryptocurrencies, …

China’s central bank declared all transactions involving Bitcoin and other virtual currencies illegal on Friday, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued a reminder this year.That reflected official concern cryptocurrency mining and trading …

China’s central bank has deemed all cryptocurrency transactions illegal, sending the Bitcoin price spiraling by 6%. U.S. Senator Pat Toomey believes this is a valuable opportunity for the United States to move out front on cryptocurrency. The People’s Bank of China is broadening its ban on the industry, especially Bitcoin, …

Experts at Citibank said Friday that the Chinese real estate market is expected to witness a strong downturn, regardless of what happens in the crisis of Evergrande, one of the largest real estate developers in China. Experts at Citibank added that the real estate sector will face downward pressure, despite …

After a series of sharp losses suffered by the shares of the debt-laden Chinese real estate developer “China Evergrande” during the past few days, the stock was able to rise more than 8% in today’s trading session, Thursday, September 23, but the company’s share is still down more than 80% …

A looming debt-related default by Chinese Evergrande Group has suddenly shook up financial markets from Asia to Europe and the United States. On Monday, major banks were told that they will not collect interest payments on loans that are outstanding, while interest payments of USD 84 million on the company’s …

China will take the necessary measures with all member states of the Regional Comprehensive Economic Partnership (RCEP) to implement and enforce the trade pact as scheduled.According to the Ministry of Commerce, this year marks the thirteenth anniversary of establishing dialogue relations between China and the Association of Southeast Asian Nations …