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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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Chinese EV maker Nio says it’s gradually resuming production after Covid halt
[ad_1] In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive […]
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In the U.S., consumers are paying more for everything. In China, the inflation problem is very different
[ad_1] Transportation fuel prices rose by 24.1% in China in March 2022 from a year ago, the largest increase within the country’s consumer price index. Vcg | Visual China Group | Getty Images BEIJING — Persistent inflation in China narrows the window for when the People’s Bank of China can cut interest rates and support […]
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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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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 […]
