The recent Belt and Road Forum has underscored China’s continued importance to Southeast Asian leaders in driving their countries’ economic growth. During his visit to Beijing for the third Belt and Road Forum for International Cooperation, Indonesian President Joko “Jokowi” Widodo met with Chinese President Xi Jinping to discuss expanding and strengthening economic cooperation. According […] Read more
Despite China’s sluggish economy, its people’s desire to travel remains strong. The country is currently experiencing a surge in travel during the annual “Golden Week” holiday, even amidst slow economic growth, high youth unemployment, and a troubled property market. China’s civil aviation regulator reports that over 21 million people will take flights during this 10-day […] Read more
Manila says President Marcos issued the order in defiance of Beijing’s position that the disputed area belongs to China. The Philippine coastguard has removed a “floating barrier” installed by China in a disputed area in the South China Sea, calling it a “decisive action” in “upholding international law”. Authorities carried out “a special operation” that […] Read more
According to official figures released on Tuesday, China’s population fell in 2022 for the first time in nearly 60 years. The 1.4 billion-person nation also saw birth rates fall to all-time lows due to the aging of its labor force, a precipitous decline that analysts fear. It might stifle economic expansion and put additional strain […] Read more
The People’s Bank of China pumped $26.3 billion into the financial system through seven-day reverse repo operations in the final trading days of 2022 as a stimulus measure. The greatest weekly cash injection since 2019 is being used to improve the liquidity of financial institutions. Reverse repurchases, also referred to as “reverse repo” transactions, are […] Read more
Taiwanese prosecutors said on Tuesday that they have punished a senior military commander with corruption and damaging national security after claiming that he collected payments from a Chinese agent to serve as a spy and even signed a letter offering to surrender to China. Taiwan has long fought what it claims is a concerted espionage […] Read more
China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday from the U.S.-based Peterson Institute for International Economics. In January 2020, before the coronavirus pandemic and under former U.S. President Donald Trump, China agreed to buy at […] Read more
China is cracking down on stocks that trade on U.S. exchanges. Here’s what it means if you hold them
China’s most powerful companies — including Didi, Alibaba and Tencent — are suddenly under immense scrutiny as country vows to crack down on domestic companies that list on U.S. exchanges. That move could upend a $2 trillion market loved by some of the biggest American investors. Beijing is stepping up its oversight on the flood of Chinese listings in […] Read more
Newport Wafer Fab, the U.K.’s largest chip producer, is set to be acquired by Chinese-owned semiconductor company Nexperia for around £63 million ($87 million) next week, according to two sources close to the deal who asked to remain anonymous because the information is not yet public. Nexperia, a Dutch firm that is 100%-owned by China’s Wingtech […] Read more
Morgan Stanley says some Chinese stocks could be winners if U.S.-China relations improve. In one of its portfolios, the investment bank listed 30 Chinese companies that depend on the U.S. market for a major chunk of their revenue. And they have a track record: The stocks outperform the MSCI China index by an average of […] Read more
