A hub for independent voices and hard truths
(Bloomberg) — A sense of panic gripped Chinese investors on Friday as shares swung sharply in the final hours of trading before closing at a five-year low. Traders couldn’t pinpoint any fresh news behind the moves but cited concerns about …
In a significant trend, central banks worldwide acquired 1,037 tonnes of gold in 2023, marking the second-highest amount in data going back to 1950. Notably, China’s central bank, the People’s Bank of China, led the way with net purchases totaling …
Apple reported fiscal first-quarter earnings Thursday that beat estimates for revenue and earnings, but it showed a 13% decline in sales in China, one of its most important markets. Apple shares fell more than 4% in extended trading after management …
In a diplomatic dance, NATO Secretary General Jens Stoltenberg labels Russia the “biggest daily threat” and China the “most serious threat.” Stoltenberg urges unity against the growing alliance of China, Russia, Iran, and North Korea, who he claims are sidestepping …
The new year traditionally offers a window for an upbeat economic mood in China, falling between the Communist Party’s annual economic work conference in December – the usual arena to inject support for growth and the private sector – and …
China is reportedly maintaining a constant military presence around Taiwan, with four warships strategically deployed in various directions. These actions, as reported by the Japanese newspaper Yomiuri Shimbun on Monday, citing official sources, have brought to attention the security situation …
You won’t see this Nancy Pelosi clip on nightly news. Some might call this xenophobic, Nancy. You won't see this clip on nightly news. Nancy Pelosi suffers meltdown after the pro-Hamas crowd takes over her driveway, leading to a shouting …
China state media removed a story that initially reported that Beijing plans to merge its largest state-owned bad debt asset managers with China Investment Corp, one of the world’s largest sovereign fund. The initial report was published Sunday by Xinhua …
Mongolian Prime Minister L. Oyun-Erdene said construction of Russia’s planned new Power of Siberia-2 gas pipeline to China, which was expected to start this year, may be delayed, the Financial Times reported on Sunday. Russia has been in talks to …
China sends several warplanes, navy ships toward Taiwan after U.S.-China talksSource: Fox News To read more, click the image below. https://t.co/g9yMczqjva — AOL.com (@AOL) January 28, 2024 China likely to demonstrate “force against Taiwan in the near term,” said the …
China slashed its high youth unemployment by nearly a third this month—at least on paper. However, some experts say the government’s new methodology, which follows a half-year moratorium on publishing this data, does little more than whitewash a systemic problem. …
Exponential growth of supply. Demand…. Shockwaves In The East: Zhongzhi’s Bankruptcy Exposes China’s Deepening Property Crisis “Despite government intervention, China’s property crisis has been deepening as shadow bank Zhongzhi Enterprise Group declared bankruptcy on Jan. 5. The bank, which had …
As aftershocks continued to rock western China on Wednesday, more than 12,000 people were staying in tents and other shelters, lighting bonfires to fend off the freezing weather Thousands of people are forced out of their homes after 7.1 quake …
“Deflation is a serious issue, I know the Chinese government doesn’t want me saying it, but it’s an issue that we need to be worried about,” Rein stressed. “I’ve been in China for 27 years, and this is probably the …
Asia Hedge Fund Founders Shut Shop for Big Pay at Global Giants (Bloomberg) — Hedge fund founders in Asia are jumping ship to global giants from Citadel to Millennium Management as the struggles of capital raising and pressure to make …
Explore the latest episode of China Update uncovering the turmoil in the Chinese stock market and economy. From panic selling to foreign investors withdrawing, the video delves into the causes and consequences of China’s financial challenges. Will the stock market …
Jan 19 (Reuters) – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate …
By Martin Armstrong My humorous post about McDonald’s celebrating Davos with the McKlaus bug burger deluxe was a pretend advertisement, for now, but McDonald’s is a World Economic Forum partner. This is relevant as McDonald’s is the second-largest private employer in the …
In a recent CNBC appearance, Jamie Dimon acknowledged that voters support Trump for his stances on critical issues like the economy, immigration, and China. Despite disliking Trump’s communication style, Dimon emphasized the importance of respecting fellow citizens’ perspectives. He cautioned …
China’s economic imbalances are turning only more precarious. For example, there are an estimated 300 EV manufacturers in China. Talk of “deflation” misses the point. The maladjusted Chinese system now requires upwards of $5 TN [in new debt] annually to …
DAVOS, Switzerland — U.S. diplomats have been so worried about the size and intent of a Chinese delegation in Switzerland this week that they’re trying to arrange a meeting between Secretary of State Antony Blinken with a Swiss official while …
by Chris Black Apple is in dire straits. There are 1.5 billion people in China and many of them can afford to buy a new iPhone every year or two. WATCH: Apple is offering rare discounts on its iPhones in …
China’s economic imbalances are turning only more precarious. For example, there are an estimated 300 EV manufacturers in China. Talk of “deflation” misses the point. The maladjusted Chinese system now requires upwards of $5 TN [of new debt] annually to …
–#USA & #British forces launched a massive counter-attack targeting over a dozen sites used by #Houthis in #Yemen, yesterday -That is not the news…-News is that #Chinese navy is coming to the region in support of Houthis-Why…-My article very soon …
by Chris Black As per the Tweet below, China’s fertility rate is currently 0.88 children per woman. This is LOWER than South Korea AND UKRAINE!! Leaked figures suggest that the birthrate in China dropped 18% in 2023.It stood at 0.88 …
Tesla Inc. reportedly has reduced prices on two models in China, where it faces stiff competition from rivals such as BYD Co. Ltd. and is grappling with a continued difficult economic backdrop. Shares of Tesla were falling more than 3% …
China has overthrown Japan as the world’s largest car exporter, another sign of the staggering rise of the country’s auto market. The country sent more than 3.8 million vehicles overseas in 2023, according to the China Passenger Car Association, a …
China is making a big move as the New Year approaches…. China is sanctioning several large U.S. Companies due to the recently announced arms sales to Taiwan, and retaliation sanctions against Chinese companies doing business with Russia. China’s Foreign Ministry …
A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts. On Friday, a Beijing court accepted the application from Zhongzhi Enterprise Group (ZEG), which has lent billions to real estate firms. …
