Month: October 2021

Citi CEO: Chinese economy is “out of the boil” and deserves “caution” – Oakland News Now

https://www.youtube.com/watch?v=7N1qeDYtZG0 Oakland News Now – CEO of Citi: Chinese economy is “out of the boil” and deserves “caution” – video produced by the YouTube channel with the logo at the top left of the video. OaklandNewsNow.com is the original blog post for this type of video blog content. CitiCEO #China #digitalcurrency In this episode of […]

The Chinese economy is “out of the boil”, deserves “caution”

Citigroup (VS) CEO Jane Fraser, who heads the third-largest U.S. bank, said in a new interview that she expects weak near-term growth in China’s economy as the country continues to strengthen domestic consumption and reduce its dependence on exports. The bank is approaching China “cautiously,” but remains optimistic about the country’s role in long-term global […]

Chinese economy “has come out of boiling” and deserves “caution”

Citigroup (VSCEO Jane Fraser, who heads America’s third-largest bank, said in a new interview that she expects China’s economy to grow slowly in the near term as the country continues to strengthen domestic consumption and reduce its dependence on exports. The bank approaches China with “caution,” but remains optimistic about the country’s role in long-term […]

Digital RMB would wipe out Macau as a “black hole” for the Chinese economy – Analyst

The introduction of the digital RMB in the Macao SAR would allow the Chinese central authorities to “plug” a “black hole” that could have withdrawn nearly 600 billion dollars from the economy of the country, suggested a consultant in plays. Speaking at a conference held by Britcham Macao today (Tuesday), Ben Lee, gaming consultant and […]

China’s economy risks a bigger slowdown than markets realize

China’s economy is likely to slow faster than investors realize, as President Xi Jinping’s efforts to reduce his reliance on real estate and regulate tech education sectors combine with an electricity shortage and the pandemic. Bank of America Corp. and Citigroup Inc. are among those sounding the warning that the expansion will be less this […]

Chinese economy risks slowing more sharply than markets realize, big banks say

HONG KONG (BLOOMBERG) – China’s economy likely to slow faster than investors realize, as pressure from President Xi Jinping to reduce reliance on real estate and regulate education sectors to technology combines with a shortage of electricity and the pandemic. Bank of America and Citigroup are among those sounding the warning that the expansion will […]

Chinese Economy Risks Slower Downturn Than Markets Realize | World news

China’s economy is likely to slow faster than investors realize, as President Xi Jinping’s efforts to reduce his reliance on real estate and regulate tech education sectors combine with an electricity shortage and the pandemic. Bank of America Corp. and Citigroup Inc. are among those sounding the warning that the expansion will be below the […]

British business leaders confident in the resilience and vitality of the Chinese economy

© Provided by Xinhua – “I mean, any global brand, whether it’s Mintel, Market Intelligence or Automotive, Retail, Food and Beverage, if you are a global brand, you absolutely have to focus on China, ”said Matthew Nelson, newly appointed Global CEO of Mintel. – “You are seeing the strength of the rebound in the Chinese […]

NJ’s best Chinese food comes from this famous spot in central Jersey, according to the national website

New Jersey is home to countless amazing Chinese restaurants, far beyond standard take-out. But according to a national website, the best place to buy Chinese food in the Garden State is in central Jersey. 247WallSt.com recently wrote a story about the best Chinese food restaurants in every state. The New Jersey representative was Szechuan House […]

The impending fall of Evergrande symbolizes the current plight of the Chinese economy

The Chinese real estate giant, the Evergrande group, informing overnight that there is “no guarantee” that it will be able to meet its debts of 305 billion dollars, starting with a deadline on Monday which could trigger a default, the implications for global financial markets, as well as for the Group’s interests in entertainment, sport […]

Gulf Resources Updates Investors on Impact of Global and Chinese Economy on Business Operations

SHOUGUANG, China, Oct. 20, 2021 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemicals in China today updated investors on the impact of global and Chinese economic issues on its business operations. Bromine prices have increased significantly worldwide and even more […]

Latest data shows China’s economy is recovering

Editor’s Note: Chen Jiahe is the Director of Investments at Novem Arcae Technologies. The article reflects the views of the author, and not necessarily those of CGTN. On October 18, China’s National Bureau of Statistics announced the country’s latest economic data for the third quarter of this year. The latest financial data has shown the […]

Concerns about the Delta Plus variant, the health of the Chinese economy and concerns about UK interest rates

The FTSE 100 opened lower amid concerns over the delta plus variant of the coronavirus, the health of the Chinese economy and a governor’s interest rate warning. The main index of London lost 11 points to 7,222 at the start of the session. () was an exception and climbed 67% after receiving a takeover offer […]

Evergrande crisis spreads and slows Chinese economy sharply, warn UBS and Barclays

The Evergrande crisis weighs on Chinese real estate investment and pulls the economy down, UBS and Barclays noted. Both banks cut their Chinese GDP forecasts for 2021, saying the energy crisis will also affect growth. The current crisis at the real estate developer Evergrande is infecting the wider Chinese economy, according to UBS and Barclays, […]

China’s economy slows as energy crisis and real estate issues kick in

Economists have warned that the slowdown is expected to deepen in the last three months of 2021 as China is rocked by power rationing and problems in the housing market. Industrial production growth stammered in September amid the power outages, from 5.3% year-on-year in August to 3.1%. Craig Botham, Chinese economist at Pantheon Macroeconomics, said […]

Weaker Chinese economy weighs on London markets

Monday, October 18, 2021 9.45 a.m. The weakening Chinese economy weighed on London markets this morning as investor sentiment deteriorated amid fears the global supply chain crisis might last longer than expected. The capital’s premier FTSE 100 lost 0.12% to 7,226.20 points in the opening session. Read more The energy crisis is suffocating the Chinese […]

10 of the Best Places to Eat Chinese in Hampshire According to Tripadvisor

Chinese cuisine is a delicacy in England that 99.9% of people have a soft spot for. Its wide variety of foods makes it a reliable choice for picking out take-out meals for a quiet family night out or to mark a special occasion. Kung pao chicken. Chow Mein. Spring Rolls. The possibilities are endless and […]

Chinese Food & Soul Food Cook-Off, a Black and Asian Community Event

– (COMMERCIAL THREAD) – Florence Fang Community Farm: WHAT: Health and Healing Event with Chinese and Black Communities in Bayview, San Francisco, Featuring Sustainable Agriculture, Entertainment and Healthy Eating WHEN: Saturday, October 16, 11:10 a.m. OR: Florence Fang Community Farm, the first USDA certified farm in San Francisco 1 Diana Street, San Francisco CA 94124 […]

Chinese cooking app Meituan leaps forward after $535 million fine

Fined half a billion dollars for harming its customers, shares of Chinese food delivery app Meituan (HK:3690) (MPNGF)… soared on Monday, raising the entire Hong Kong market. Shares of Meituan ended the day up 8.4% here in Hong Kong, driving gains in the Hang Seng Index. Hong Kong’s benchmark index posted the strongest performance in […]

Chinese food delivery group Meituan fined 3.4 billion yen for monopoly behavior

Chinese food delivery group Meituan has been fined 3.4 billion yen (US $ 530) for abusing its market position, forcing restaurants to exclusively sell food on its app. The State Administration for Market Regulation (SAMR) said that since 2018 Meituan has forced its traders to enter into exclusivity deals by charging higher commissions to traders […]

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