Shares in Chinese clean energy companies have rallied this month as investors bet the sector will benefit from continued government support and avoid the crackdown that has engulfed the technology sector, reported the Financial Times. Beijing’s moves to tighten regulatory scrutiny over key strategic sectors will benefit advanced manufacturing, localization of technology and renewable energy […]
Author: patrickbody
A Covid outbreak that partially shut down one of the world’s busiest container ports is raising concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares, reported Bloomberg. The Port of Los Angeles, where volumes dipped because of a June Covid outbreak at the Yantian port in China, […]
China’s securities regulators punished 19 institutional investors as authorities tighten scrutiny over price-setting behaviors under a more liberalized listing system, reported Reuters. China launched the tech-focused STAR Market in Shanghai in mid-2019, along with the introduction of a US-style, registration-based initial public offering (IPO) system in that market. The Securities Association of China (SAC) said […]
China’s central bank injected billions of RMB through medium-term loans into the financial system on Monday, while keeping the interest rate unchanged for the 16th month in a row, reported the South China Morning Post. The People’s Bank of China (PBOC) kept the rate on RMB 600 billion ($92.6 billion) worth of one-year medium-term lending […]
China’s factory output and retail sales growth slowed sharply and missed expectations in July, as new COVID-19 outbreaks and floods disrupted business operations, adding to signs the economic recovery is losing momentum, reported Reuters. Industrial production in the world’s second largest economy increased 6.4% year-on-year in July, data from the National Bureau of Statistics (NBS) […]