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Investors turn cautious on Chinese stocks amid growth concerns
[ad_1] While mainland Chinese stock fund held onto inflows, European stock funds saw billions of dollars in net outflows in the first quarter, with declines in Japanese stock funds as well, according to EPFR. Marc Fernandes | Nurphoto | Getty Images BEIJING — Investors turned increasingly cautious on Chinese stocks, especially those listed overseas, in […]
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Shanghai reports first Covid deaths since the start of its latest lockdowns
[ad_1] Shanghai, China’s largest city and the one hit hardest by the latest Covid outbreak, announced another round of mass virus testing that’s set to end Thursday, April 21. Str | Afp | Getty Images BEIJING — Shanghai city reported Monday its first Covid-related deaths since the latest wave of lockdowns began in earnest in […]
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China’s first quarter GDP beats expectations to grow 4.8% year-on-year
[ad_1] A traffic police officer prepares to check a truck at a service station near Shanghai, which has ordered tighter restrictions on travel in and out of the city as China battles its most severe Covid outbreak since the early days of the pandemic in 2020. Yin Liqin | China News Service via Getty Images […]
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China’s Covid policy locks down a city three times the size of New York
[ad_1] The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City […]
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JPMorgan says 3 stocks could be winners if U.S.-listed Chinese stocks avert delisting
[ad_1] JPMorgan’s equity macro research team has new confidence that U.S.-listed Chinese stocks like are poised to gain. [ad_2] Source link
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U.S.-listed Chinese stocks audit dispute: China regulator tells auditors to consider preparing for inspections
[ad_1] The China Securities Regulatory Commission and U.S. securities regulators have been locked in a dispute over allowing U.S. review of Chinese company audits, threatening delisting in coming years. Costfoto | Future Publishing | Getty Images BEIJING — China has sent another signal of progress toward resolving an audit dispute that’s threatened U.S.-listed Chinese companies […]
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Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
[ad_1] Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday. “Given the strong start of the year and […]
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Here’s how China’s latest Covid lockdowns have affected American businesses in the country
[ad_1] The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an outbreak in China’s worst Covid wave in two years. Hector Retamal | Afp | Getty Images BEIJING — China’s worst Covid wave since the initial shock of the pandemic has cut […]
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China’s zero-Covid policy tests small businesses in a make-or-break it year
[ad_1] BEIJING — While China tries to shake off omicron, the country’s zero-Covid policy of swift lockdowns sets small businesses up for a third year of stop-and-start uncertainty. It’s a critical time for that portion of China’s economy. Medium- and small-sized businesses in the country have an average lifespan of three years, the People’s Bank […]
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As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spend
[ad_1] While mainland China faced its worst wave of Covid-19 since the initial shock of the pandemic, a central bank survey found more Chinese wanted to save money than spend or invest it. Costfoto | Future Publishing | Getty Images BEIJING — Chinese consumers are becoming more cautious than they were near the start of […]
