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

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 | Getty Images BEIJING – Chinese businesses ranging from services to manufacturing reported a slowdown … Read more

China sets record local bond issuance in June to spark economy

BEIJING – China is on track to issue more than 1.5 trillion yuan ($ 224 billion) in local government bonds during June, a monthly record underwriting infrastructure investments designed to stimulate the economy. Local governments nationwide have issued 1.41 trillion yuan in bonds this month through Sunday, Chinese media report, up nearly 80% from June … Read more

Pakistan signs $ 2.3-bn loan facility agreement with China to aid economy

Pakistan on Wednesday signed a 15 billion yuan (USD 2.3 billion) loan facility agreement with a Chinese consortium of banks to help the country’s cash-strapped economy in the wake of depleting foreign exchange reserves and depreciation of its local currency. Pakistan Finance Minister Miftah Ismail said in a tweet that the “Chinese consortium of banks … Read more

How Singaporean built thriving toy business

“I’m not the best artist. I’m terrible,” said Jackson Aw with a sheepish laugh. That may seem ironic, given how the 32-year-old is the founder and chief executive officer of Mighty Jaxx, a designer toy company from Singapore. But to Aw, acknowledging his own shortcomings has helped him turn his start-up into a multimillion-dollar international … Read more

Macao shuts most businesses as Covid cases surge, but casinos stay open

CNN – Macao, the world’s biggest gambling hub, began its second day of mass Covid-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend. But while most businesses have shut down, casinos remain open. The testing of Macao’s roughly 600,000 residents is expected to end on Tuesday. The Chinese-ruled former … Read more

JD.com Considers a Move Into Competitive Food Delivery Business in China

Text size JD.com stock rose after a company executive said in a TV interview that the Chinese e-commerce giant may move into on-demand food delivery in China. Giulia Marchi / Bloomberg JD.com is considering expanding into on-demand food delivery service, a top executive of the Chinese e-commerce giant said in a Bloomberg TV interview. Such … Read more

China real estate troubles sent debt indicator to record high

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China. CFOTO | Future Publishing | Getty Images … Read more

China’s Economy Is In Trouble. The Ripples Will Hit the Fed.

Text size China is trying to repair the damage to its economy while the US looks to tamp down inflation. Joe Raedle / Getty Images The world’s two largest economies are navigating an increasingly difficult task — the US Federal Reserve is trying to tamp down inflation without a hard landing while Chinese policy makers … Read more

China’s economy is looking brighter but it’s not in the clear yet

Hong Kong CNN Business – From big gains in tech stocks to robust trade data, China has had plenty of good news on the economic front this week. The positive developments come after the world’s second largest economy was battered by widespread Covid lockdowns, a sweeping crackdown on tech companies and a real estate slump. … Read more

Experts See Fresh Opportunities In Chinese Stocks With Economic Activity Set To Rebound After Shanghai Reopening

Topline Global markets have recently benefited from positive news out of China, which is lifting coronavirus lockdown restrictions in Shanghai and reportedly easing regulatory crackdowns on its tech sector, leading some experts to up their exposure to Chinese stocks as they bet on an economic rebound. There are “signs” that investors are starting to up … Read more