China Financial News
16.11 / 13:09
UPS
Landmark
U.S. Panel Calls for Review of China Trade Relations
WASHINGTON—A congressionally convened commission is calling on the U.S. to review Chinese trade practices and to suspend normal trade ties if the review determines Beijing hasn’t lived up to its promises under a 1999 pact.
16.11 / 10:59
FIVE
China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative
HONG KONG—China’s economy sank into a deeper funk last month as the weight of strict zero-Covid measures, a real-estate downturn and sinking export demand underscored the difficulties of rekindling growth amid tighter government regulations and a worsening global economy.
15.11 / 19:17
UPS
Landmark
U.S. Panel Calls for Review of China Trade Relations
WASHINGTON—A congressionally convened commission is calling on the U.S. to review Chinese trade practices and to suspend normal trade ties if the review determines Beijing hasn’t lived up to its promises under a 1999 pact.
15.11 / 11:33
Japan’s Economy Contracts Slightly in the Third Quarter
TOKYO—Japan’s economy contracted for the first time in a year in the third quarter, reflecting increases in services imports and a sluggish recovery in private spending due to lingering fears over Covid-19 and rising prices.
15.11 / 10:13
FIVE
China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative
HONG KONG—China’s economy sank into a deeper funk last month as the weight of strict zero-Covid measures, a real-estate downturn and sinking export demand underscored the difficulties of rekindling growth amid tighter government regulations and a worsening global economy.
15.11 / 09:21
CLIMATE CRISIS
Time
peace
Ukraine war: Now is the time to press Russia for peace, Zelenskyy tells G20
Ukrainian President Volodymyr Zelenskyy has urged world leaders to back a plan to end the war in his country, saying now was the time to push for peace after Russia's defeat in the southern city of Kherson.
14.11 / 22:45
President Biden, Xi Jinping Move to Stabilize U.S.-China Relations
President Biden and Chinese leader Xi Jinping sought to halt a rapid downward spiral in relations between Washington and Beijing, instructing officials to resume stalled talks on major global priorities, but the two countries acknowledged areas of deep disagreement that could disrupt those efforts.
14.11 / 22:13
business
Blockchain
Former Huobi-linked entity says it has $18.1 million stuck on FTX
According to a new filing with the Stock Exchange of Hong Kong on Monday, investment holdings company New Huo Technology, formerly known as Huobi Global, said that it has $18.1 million worth of deposits stuck on troubled cryptocurrency exchange FTX. Of this amount, $13.2 million consisted of client's deposits, and $4.9 million comprised of assets belonging to Hbit, another subsidiary.
14.11 / 16:39
business
Mining
Bitcoin
Low
Bitcoin Miner
Bitcoin miner Canaan scales operations despite low earnings, CEO says
Chinese cryptocurrency mining firm Canaan will continue to expand operations despite the ongoing bear market and an associated drop in earnings, according to the company’s CEO.
14.11 / 16:23
President Biden, Xi Jinping Meet as Countries Move to Reopen Communication
NUSA DUA, Indonesia—President Biden and Chinese leader Xi Jinping began a closely watched meeting that officials on both sides said is intended to restore regular dialogue between the two powers and stabilize the relationship whose downward spiral in recent months has raised concerns of a new Cold War.
14.11 / 16:23
restrictions
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
For much of the past year, China’s economy has been reeling under Xi Jinping’s dual campaigns to rein in soaring property prices and to stamp out any traces of Covid-19 within the country’s borders.
14.11 / 15:53
COMPOSITE
Indexes
Will Xi Jinping’s new leadership team prove the doomsayers wrong?
Minxin Pei, professor of government at Claremont McKenna College, is a non-resident senior fellow at the German Marshall Fund of the United States
14.11 / 14:55
Binance
Digital
CEO
Platform
NOT
Government Official: FTX Collapse Will Not Stop Hong Kong Becoming Virtual Asset Hub
The abrupt collapse of major crypto exchange FTX has shaken the cryptocurrency markets across the world, but it wil not hamper Hong Kong’s plans of establishing itself as a crypto hub, according to the city’s Financial Secretary Paul Chan.
13.11 / 23:07
restrictions
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
For much of the past year, China’s economy has been reeling under Xi Jinping’s dual campaigns to rein in soaring property prices and to stamp out any traces of Covid-19 within the country’s borders.
13.11 / 14:39
Government
Adoption
regulation
Hong Kong to avoid FTX-like scenario through transparency and supervision
Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger focus on transparency and proper supervision when dealing with virtual assets.
12.11 / 23:47
markets
business
economy
economics
5 reasons 2023 will be a tough year for global markets
Those who come bearing warnings are rarely popular. Cassandra didn’t do herself any favors when she told her fellow Trojans to beware of the Greeks and their wooden horse. But, with financial markets facing unprecedented turbulence, it’s important to take a hard look at economic realities.
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