China Economic ReviewChina’s three biggest airlines posted their first collective quarterly profit in a year in the third quarter on the back of the peak summer season, but the recovery could be fleeting as oversupply continues to drag down the domestic aviation market, reports Reuters. Flag carrier Air China reported on Thursday a third-quarter net profit of […]
China’s CSI 300 Index climbed 1.2% to 4,747.84 at the close yesterday, a level not seen since January 24, 2022. The Shanghai Composite Index added 0.7% to 4,016.33, finishing above the 4,000-point mark for the first time since 2015, reports the South China Morning Post. The stock rise drove the benchmark to a nearly four-year high as investors […]
Chinese leader Xi Jinping has started talks with Donald Trump that will determine if the two superpowers extend a trade war truce or return to full-blown economic hostilities that could roil global markets, reports the Financial Times. In opening remarks at the start of their high-stakes summit in South Korea on Thursday, Trump said Xi […]
Bank of China Ltd. posted modest profit growth in the first three quarters of 2025, marking a turnaround driven by a stronger third quarter and a stabilizing net interest margin—an early sign that the worst may be over for the state-owned lender in a persistently low-rate environment, reports Caixin. The Beijing-based bank said Tuesday that […]
China’s central bank has appointed a second yuan clearing bank in the United Arab Emirates, signaling a deepening of financial cooperation and a further step toward the internationalization of its currency, reports Caixin. The People’s Bank of China (PBOC) on Tuesday signed a yuan clearing agreement with First Abu Dhabi Bank, naming it a yuan […]