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
Even with headwinds from the Fed and inflation, a booming economy and strong earnings should send the market to a series of new highs this summer. The S&P 500 was lower Monday as the market meanders ahead of next week’s Fed meeting. The S&P 500 was slightly less than 20 points below the May 7 high […] Read more
Bitcoin’s price tumbled Friday following an intensified call from Chinese authorities to crack down on mining and trading of the cryptocurrency. Chinese Vice Premier Liu He and the State Council said in a statement that tighter regulation is needed to protect the financial system. The statement, released late Friday in China, said it is necessary […] Read more
The World Economic Forum said Monday that it has canceled a summer version of its annual meeting that was due to take place in Singapore. “Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination rollout and the uncertainty around new variants combine to make it impossible to realise a […] Read more
