Chinese cars make inroads in Latin America
Chinese cars make inroads in Latin America. Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. But the price and quick delivery time convinced him, and now he is a convert. Perez, 47, is one of millions of car buyers in Latin America to have […]
Delegation of US senators arrives in China: state media
A bipartisan delegation of US senators led by Senate Majority Leader Chuck Schumer arrived in China on Saturday, state media reported, as Washington seeks to calm tensions with Beijing.“US Senate Majority Leader Chuck Schumer, leading a bipartisan delegation of senators, arrived in Shanghai on Saturday, the first stop of their trip in China,” state broadcaster […]
Optimism ‘at record low’ for US firms in China: business group
Optimism ‘at record low’ for US firms in China: business group.US firms in China are reporting “record-low” optimism and increasingly looking to move investment away from the country, a business group said Tuesday, as slowing growth and geopolitical tensions hurt investor confidence.The findings by the American Chamber of Commerce (AmCham) Shanghai come as the government […]
Chinese FM Wang Yi to visit Russia Sept 18-21: foreign ministry
Chinese FM Wang Yi to visit Russia Sept 18-21: foreign ministry. China’s top diplomat Wang Yi will begin a four-day visit to Russia for security talks on Monday, his foreign ministry said, the latest in a series of high-level visits and phone calls between the two sides. China and Russia are strategic allies, with both […]
Venezuela’s Maduro says seeking China’s help to join BRICS
Venezuela’s Maduro says seeking China’s help to join BRICS. Venezuelan President Nicolas Maduro is seeking Beijing’s support to join the recently expanded BRICS group of emerging economies, as he makes a state visit to China. The BRICS bloc — Brazil, Russia, India, China and South Africa — agreed at their annual summit last month to […]
China emerges from deflation as August prices rebound
China emerges from deflation as August prices rebound. China’s consumer price index rebounded in August as the world’s second-largest economy emerged from deflation, official data released Saturday showed, despite sluggish domestic consumption that is complicating the country’s post-Covid economic recovery. China emerges from deflation as August prices rebound Last month’s CPI, the main gauge of […]
IMF chief hails ‘productive’ talks as China visit ends
IMF chief hails ‘productive’ talks as China visit ends . The head of the International Monetary Fund (IMF) on Monday praised “productive and substantive” talks with top officials in China as she wrapped up a visit to the country.The IMF warned in July that the overall global economic recovery from the pandemic was slowing, despite […]
Equities extend gains on US jobs data, China hopes
Equities extend gains on US jobs data, China hopes. Asian investors on Wednesday tracked a rally on Wall Street as a softer-than-expected report on US job openings soothed fears the Federal Reserve will hike interest rates again.The mood brightened further in Shanghai and Hong Kong by a report that China’s biggest state-backed banks would slash […]
Global Markets Surge on Fed’s Policy Shift and China’s Stimulus Measures
Global financial markets experienced a notable upswing following significant policy announcements from the United States and China. Investors responded positively to signals from Federal Reserve Chair Jerome Powell indicating imminent interest rate reductions, alongside China’s decision to cut stamp duty on stock transactions. Federal Reserve Signals Imminent Rate Cuts In a pivotal address at the […]
Asia extends global stocks retreat as US rate, China fears build
Asia extends global stocks retreat as US rate, China fears build. Asian stocks joined a global sell-off Thursday on fresh worries the Federal Reserve will hike interest rates again, while China’s economic woes continued to shred traders’ nerves.While minutes from the US central bank’s July meeting showed two decision-makers were against lifting borrowing costs, they […]