Chinese firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the yuan amid an accompanying exodus of foreign capital. Chinese non-financial companies invested almost $129 billion outside the country in the first 11 months of this year, according to government dataBloomberg Terminal released Thursday. That puts outflows for 2024…
Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man.” A sports gear maker is completing a new plant in Vietnam, hoping to dodge any new trade measures directed at made-in-China…
Donald Trump is still weeks away from taking office but Xi Jinping has already sent a pretty clear message that China is readier than ever to go toe-to-toe with the US in any future trade fight. This week Beijing banned the export of several esoteric materials with high-tech and military applications, ordering retaliation after President…
MMC Norilsk Nickel PJSC, Russia’s biggest miner, is in advanced talks to build a large copper smelter on China’s south coast, according to people familiar with the situation. The plant, to be located in the port city of Fangchenggang in Guangxi region, would produce 500,000 tons of refined copper a year using concentrate shipped from…
Global commodities markets are stuck in a holding pattern after China’s latest effort to revive its economy focused on the much-needed restructuring of local government debt, but stopped short of stimulus measures that would directly boost domestic demand. Delivered by the finance ministry on Friday afternoon, Beijing’s move amounted to a hefty $1.4 trillion bailout…