Trade tensions between Beijing and Washington have intensified. China announced increased export controls on rare earths, while the U.S. threatened to raise tariffs to 100% and tighten software export restrictions. The Fourth Plenum, scheduled from 20 to 23 October, will outline China’s economic, political, and social agenda along with its development plans for the next…
(Reuters) – Asia’s largest manufacturing economies stepped up activity in November, with China’s factories extending their recovery driven in part by Beijing’s stimulus and a rush to export, though weak patches in other parts of the region pointed to some challenges. Risks to global trade from a second Donald Trump presidency loomed large over factories…
BEIJING (Reuters) -China’s factory activity expanded modestly for a second straight month in November, an official survey showed on Saturday, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world’s second-largest economy. The National Bureau of Statistics purchasing managers’ index (PMI) on Saturday rose to 50.3 –…
HONG KONG — Chinese internet giant Baidu reported its biggest quarterly sales contraction in two years as online ad sales, the company’s core revenue source, fell short of expectations. In an earnings call, interim Chief Financial Officer He Junjie said he has not seen “notable improvement” in advertising spending from key clients despite Beijing’s recent…
Yield for China’s benchmark 10-year bonds have slid to their lowest in over a month after the government announced its 10 trillion yuan or $1.4 billion worth debt refinancing programme, Bloomberg reported. This mostly came as traders were disappointed with the measures and are awaiting more stimulus amid China’s wait-and-watch approach to Donald Trump‘s re-election…