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July 1, 2022

Chinas

China’s Xi: No reason to change Hong Kong’s ‘one country, two systems’ formula

Reuters
HONG KONG, July 1 (Reuters) – There is no reason to change Hong Kong’s “one country, two systems” formula of governance, Chinese President Xi Jinping said on a rare visit to the global financial hub after swearing in the city’s new leader, John Lee, on Friday. Britain returned Hong Kong......

China’s Xi says Hong Kong is moving ‘from chaos to governance’

CNBC
CNBC – For more and to sign up click here Chinese President Xi Jinping and Hong Kong’s new Chief Executive John Lee at the swearing-in ceremony on July 1, 2022. Xi, in his first trip outside the mainland since Covid struck, presided over the ceremony. Justin Chin | Bloomberg |......

Here’s what China’s real estate debt crisis could mean for Asia junk bond investors

CNBC
CNBC – For more and to sign up click here Real estate and related industries account for more than a quarter of China’s economy, according to Moody’s estimates. CFOTO | Future Publishing | Getty Images China’s real estate bonds were once key performance drivers for Asia junk bond funds, but......

China’s Xi arrives in Hong Kong in his first trip off the mainland since the onset of the pandemic

CNBC
CNBC – For more and to sign up click here China’s President Xi Jinping, pictured on the left, looks at Hong Kong’s outgoing Chief Executive Carrie Lam as he prepares to speak following his arrival in Hong Kong on June 30, 2022, for celebrations marking the 25th anniversary of Hong......

China’s factory, service sectors shake off 3 months of lockdown pain

Reuters
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China factory, services PMIs above 50 for first time since Feb Recovery seen as COVID restrictions......

China’s easing COVID curbs spark travel inquiry surge, and caution

Reuters
Travellers walk at a terminal hall of the Beijing Capital International Airport in Beijing, China March 23, 2022. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING, June 29 (Reuters) – Online searches for Chinese airline tickets on domestic and international routes surged on Wednesday, after Beijing......

China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds

CNBC
CNBC – For more and to sign up click here China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group......

G-7’s infrastructure funding plan offers an alternative to China’s BRI in a ‘deliberate way’

CNBC
CNBC – For more and to sign up click here The Group of 7 has announced a new infrastructure funding program that could rival China’s Belt and Road Initiative. One expert says the G-7’s plan offers hope to developing countries but it remains to be seen whether it can match......

China’s industrial profits slump for second month in May

Reuters
BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a big slump in April, due to the resumption of activity in major manufacturing hubs, but COVID-19 curbs still weighed on factory production and squeezed factory margins. Profits fell 6.5% from a......

U.S. aims to raise $200 billion as part of G7 rival to China’s Belt & Road

Reuters
U.S. President Joe Biden attends a working lunch with other G7 leaders to discuss shaping the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany, June 26, 2022. Kenny Holston/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 26 (Reuters) – The United......

China’s steel mill owners are in a bad mood as demand takes a hit

CNBC
CNBC – For more and to sign up click here Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said. Steel inventories are slowly piling up in the warehouses of the country’s biggest steelmaking hub, the northeastern city of Tangshan, as well as......

China’s Xi vows ‘more forceful’ tools to achieve this year’s economic targets

CNBC
CNBC – For more and to sign up click here China is hosting the annual BRICS summit virtually this year. Pictured here is Chinese President Xi Jinping speaking via video at the United Nations General Assembly in New York, U.S., on Tuesday, Sept. 21, 2021. Bloomberg | Bloomberg | Getty......

Here’s what China’s e-commerce giants are telling us about the economy

CNBC
CNBC – For more and to sign up click here Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING — Alibaba was once the poster child for investing in......

China’s electric vehicle battery supply chain shows signs of forced labor, report says

CNBC
CNBC – For more and to sign up click here Hundreds of Uyghurs are working for a mining conglomerate that produces raw materials for electric vehicles as part of a so-called work transfer program in China, the New York Times reported. Shen Longquan | Visual China Group | Getty Images......

Column: China’s lockdowns and heavy rains ease coal shortage: Kemp

Reuters
A resident and a child look out through gaps in the barriers at a closed residential area during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 10, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LONDON, June 21 (Reuters) – China’s electricity generation......

Video: China’s Surveillance State Is Growing Bigger and More Invasive. These Documents Reveal How.

New York Times
New York Times – For more and to sign up click here new video loaded: China’s Surveillance State Is Growing Bigger and More Invasive. These Documents Reveal How. Recent episodes in Visual Investigations Using evidence that’s hidden in plain sight, our investigative journalists present a definitive account of the news......

US ban on imports from China’s Xinjiang to take effect on Tuesday

BBC
https://www.bbc.co.uk/news/business-61754796?at_medium=RSS&at_campaign=KARANGA A spokesperson at Ryohin Keikaku, which operates the Muji brand, told the BBC it was not currently exporting products from Xinjiang to the US. However, the company declined to comment on whether it was selling products from Xinjiang in other countries. BBC – For more and to sign up......

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