China’s efforts to control capital outflows are colliding with growing demand from mainland investors for access to overseas stocks. The government has launched a sweeping crackdown on offshore trading platforms accused of helping investors bypass Beijing’s capital controls. The move has already rattled brokerages and investors, and could reshape how mainland Chinese access foreign markets….
Hong Kong’s exports rose nearly 36 per cent year on year in March – the sharpest rate in more than five years – backed by what authorities described as “strong global demand” for AI-related electronic products and outpacing last month’s growth despite trade disruptions. According to the Census and Statistics Department, the total value of…
Hong Kong’s heavy investment in public works will keep the capital account in deficit, highlighting the need for bond issuances to fund critical infrastructure and long-term development, the finance chief has said as he revealed the annual budget will be delivered on February 25. Financial Secretary Paul Chan Mo-po also said on Sunday that core…
In some of the darkest days in the political relationship between Australia and China, trade became a tool to inflict pain. The early 2020s trade war saw China slap higher tariffs on Australian wine and barley, impose biosecurity measures against beef and timber, and ban lobsters and even some coal. It took four long years…
China’s trade surplus has topped $US1 trillion ($1.5 trillion) for the first time as manufacturers seeking to avoid President Donald Trump’s tariffs shipped more to non-US markets, with exports to Europe, Australia and South-East Asia surging. Shipments to the United States dropped by close to one-third when comparing November data to the same month last…
“Ukraine gains direct access to diversified and reliable energy sources, while Greece becomes a hub for supplying Central and Eastern Europe with American liquefied natural gas,” Greek Prime Minister Kyriakos Mitsotakis said. Nov 16 3 mins read Source link
China stepped up its economic war with Japan on Wednesday as a dispute between Asia’s two biggest economies intensified over a remark by Tokyo’s new leader about a Japanese response to any Chinese military move against self-ruled Taiwan. Newsweek has contacted the Ministry of Foreign Affairs of Japan and the U.S. Department of State for…
Calling the peak for anything is dangerous. So here goes: We’ve reached peak tariffs, as both an economic weapon and almost certainly as a political one. President Donald Trump signaled as much on Sunday when he turned to social media and declared people who oppose tariffs “are FOOLS!” He then offered everyone a tariff “dividend”…
Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production. “We were informed by China that they will enable the resumption of supplies from Chinese factories from Nexperia,” Schoof said in an…
From the delicacy of the hands grazing the fabric, ensuring no thread is out of place, to the poetic rhythm in the movement of arms and fingers, and the deep concentration in the eyes of the women who devote themselves to every detail, handcraft remains unparalleled in its precision and artistry. At its heart,…