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Xinhua
China Considering Stock Index Circuit Breaker System To Prevent “Abnormal Fluctuations”, Xinhua Says
China is considering mechanisms such as a stock index circuit breaker system to temporarily shut down stock trading in order to prevent further “abnormal fluctuations”, China’s state-run Xinhua News Agency reported late on Sunday night. The introduction of a stock index circuit breaker system is being studied by China, where trading would be suspended for an unspecified … Continue reading
China Vows To Step Up Targeted Policies To Combat “Relatively Big” Downward Pressure On Economy
China’s top leadership vowed on Thursday to use targeted policies to combat the “relatively big” downward pressure on its economy, China’s state-run Xinhua news agency reports. The Politburo, China’s top decision-making body, said that the nation will keep its macro policies stable, make “pre-emptive adjustments”, and fine-tune economic policies in a timely manner in order to support … Continue reading
Why Are Chinese Companies Going Abroad?
Originally posted on Frontier Market Strategy:
We know Chinese firms are expanding overseas at an unprecedented rate, but what is driving them them to do so? It is well established that Chinese companies are investing abroad in ever greater numbers, but many would question the reasoning for this when China remains a booming market, enjoying…
Alibaba Group Holding Ltd (BABA) Strengthens Cloud Computing With Government Deals
Originally posted on Cloud News Asia:
Treading on new territory, Alibaba Group Holding Ltd. stock has been hovering in negative territory year-to-date. Reuters reports, according to experts, Alibaba’s ambitious expansion plans are paving way for an upward trend. Although Alibaba’s cloud computing service Aliyun is new, it has found a support system in the Chinese government. Alibaba…
China’s Alibaba Looks To Expand In Latin America
“Online trading giant Alibaba has expressed interest in doing business in Latin America with a particular eye on Mexico, Brazil and Argentina,” the China-based e-commerce company said in Mexico City on Saturday, Xinhua reports. Chinese consumers are eager to obtain Latin American products, especially fresh produce such as Mexico’s avocado, Sherri Wu, head of Alibaba’s International … Continue reading
As China-Led AIIB Gains Traction, Premier Li Asks IMF For Yuan Inclusion In SDR Basket
Chinese Premier Li Keqiang asked the International Monetary Fund’s (IMF) Managing Director Christine Lagarde on Monday to include China’s yuan in its Special Drawing Rights (SDR) basket, China’s state-run Xinhua news agency reports. According to the report, Premier Li told Lagarde that China would “speed up the basic convertibility of yuan on the capital account and provide more facility for domestic … Continue reading
Chinese Manufacturing Index Falls To Lowest Value In Over Two Years
China has announced its Purchasing Manager’s Index (PMI) for January showed a contraction in the factory sector for the first time in almost two and a half years. By Sputnik MOSCOW, February 1 (Sputnik) – China’s National Bureau of Statistics (NBS) on Sunday released data showing that the country’s manufacturing activity shrank in January for the first time since October … Continue reading
Four Achievements Of APEC Meetings: Xi
Chinese President Xi Jinping outlined today 4 achievements of the APEC meetings hosted by China this year. Achievement No 1 Launch of the Free Trade Area of the Asia-Pacific (FTAAP) process, which points out the direction for Asia-Pacific cooperation. Achievement No 2 Issuance of a statement on the 25th anniversary of the APEC, which draws on past … Continue reading
China’s Exports Up 11.6% In October: GAC
China’s exports rose 11.6% y/y and reached U.S.$206.87bn in October, according to the customs data released by the General Administration of Customs (GAC) on Saturday. The October growth rate has decelerated compared to September’s 15.3%, which was the highest reading within the past in 19 months. Imports in October were at U.S.$161.46bn, up 4.6%, the GAC reported. Total exports and imports rose 8.4% … Continue reading
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