Chinese investors have borrowed a record amount to buy local stocks, offering risk-on cues to global markets, including cryptocurrencies. However, crypto traders still appear to be more cautious. According to Bloomberg, margin trades outstanding in China’s onshore equity market surged to 2.28 trillion yuan ($320 billion) on Monday, surpassing the previous 2015 peak of 2.27…
Worries about President Donald Trump’s tariffs are hurting U.S. stocks Monday as financial markets worldwide drop on concerns about a potential trade war.The S&P 500 was down 1.4% in early trading following similar losses for stock markets across Asia and Europe. The Dow Jones Industrial Average was down 435 points, or 1%, as of 9:35…
From policy shifts to new consumption trends, here are ten keywords that illustrate the landscape of this year’s Chinese wine market. By the end of 2024, the Chinese wine market, which many merchants hoped would rebound this year, remains mired in a downturn. Yet, unlike the stark struggles of 2023, glimmers of a more optimistic…
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.The S&P 500 fell 2.9%, just shy of its biggest loss for the year from the summer, to pull further from its…
In China, 84.64% of wine-related companies report annual sales below US$ 0.69 million. Out of close to 10,000 wine related businesses still operating in mainland China today, close to 85% are operating on annual revenues less than RMB 5 million (US$0.69 million), highlighting the highly fragmented nature of the market. According to Qichacha, one of…