Treasury Secretary Yellen: US China recognize they have opportunity to work together

[ad_1] High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do

Analysis-Cheap yuan catapults China to second-biggest trade funding currency By Reuters

[ad_1] © Reuters. Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Shen and Rae Wee SHANGHAI/SINGAPORE (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalising on rock-bottom

BABA closes Thursday down more than 9%

[ad_1] Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares.   Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not

China is ready to be a partner and friend of the US, says Xi

[ad_1] There is plenty of room for US-China cooperation The door of US-China relations cannot be shut The world needs China and US to work together Have reached important consensus with Biden to enhance people-to-people exchanges China has no intention to challenge the US US should not bet against China or interfere with its internal

China is ready to be a partner and friend of the US, says Xi

[ad_1] There is plenty of room for US-China cooperation The door of US-China relations cannot be shut The world needs China and US to work together Have reached important consensus with Biden to enhance people-to-people exchanges China has no intention to challenge the US US should not bet against China or interfere with its internal

China finance minister says economy to maintain upwards trend in Q4

[ad_1] China will still be a key driver to stable growth of global economy I reckon labelling it an ‘upwards’ trend may be a bit of a stretch. If anything, China is just on the road to recovery after what has been a poor economic year by its own standards. The property sector crash and