China Investment Corporation, the nation’s sovereign wealth fund, is seeking permission to invest in domestic securities, sources told Bloomberg, as Chinese markets fall to near-four-year lows. Pending approval from Beijing, CIC’s involvement in domestic markets could provide a much-needed boost to China’s struggling financial markets, which entered bear market territory in recent weeks as economic […]
Category: Brief
A Reuters poll of economists has predicted that China’s 2018 GDP growth will be higher than previously expected, despite the cluster of economic threats facing the world’s second largest economy in the second half of the year. The 76 analysts surveyed gave an average forecast of 6.6% growth for the year, up from the 6.5% […]
Most US companies in China oppose the president’s latest plans to impose 10% levies on $200 billion of Chinese goods, according to a survey conducted by the American Chamber of Commerce in Shanghai. As many as 69% of enterprises surveyed said they do not support the measures, compared to just 9% who do, the report […]
China’s soybean imports will be fewer this year than the previous year for the first time since 2004, reports Bloomberg, as the oilseed is caught up in the ongoing trade disputes with the US. The US Department of Agriculture (USDA) forecast that China will buy 95 million metric tons of soybeans in 2018-19 – a […]
Apple is planning to launch a $300 million clean-energy fund in China alongside 10 of its regional suppliers, a show of commitment to the Chinese market during a time of high tension between Washington and Beijing over technology. The China Clean Energy Fund will invest in projects to produce over 1 gigawatt of renewable energy […]