China Q4 GDP Slows on COVID Woes, But Beats Expectations
The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months […]
China’s Dec Home Prices fall, More Supportive Policies Likely
China’s new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook. New home prices dropped both in monthly and annual terms, with continued weak demand a constraint to a […]
China’s Trade Rose in Yuan Terms in June Amid Worsening Virus
By Administrator_India Capital Sands China’s exports and imports rose in yuan terms in June, even as the pandemic continued to ravage the global economy. Exports grew 4.3% in yuan terms in June from a year earlier, while imports rose 6.2%, the customs administration said Tuesday. Economists had forecast that exports would increase by 3.5% while […]
Yuan Turns Into Global Risk Bellwether as China Leads Recovery
By Administrator_India Capital Sands As the dollar shows signs of exhaustion, the yuan is taking over as the barometer of global risk sentiment. A worldwide rally in stocks, bonds and commodities is decoupling from the U.S. currency, which entered a bearish phase in June and is grinding lower for a fourth month. The rally is […]
Chinese investors flummoxed by India’s new foreign investment rules
By Administrator_India Capital Sands India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets. The tougher rules were not a surprise, as other countries are also on guard against fire sales of corporate […]
South Korea, China cast doubt on reports North Korean leader Kim gravely ill
By Administrator_India Capital Sands South Korean and Chinese officials on Tuesday cast doubt on reports North Korean leader Kim Jong Un was ill after media outlets said he had undergone a cardiovascular procedure and was in “grave danger”. Daily NK, a Seoul-based speciality website, reported late on Monday, citing one unnamed source in North Korea, […]