Persistent outbreaks and more closures could add pressure on the world’s second-largest economy, which contracted sharply in the second quarter from the first after widespread Covid lockdowns jolted ... ( read original story ...)
SMM Evening Comments (Jul 18): Shanghai Nonferrous Metals Closed All with Gains amid Subsiding Expectations on Aggressive Rate Hikes
Shanghai nonferrous metals closed all with gains as the US dollar index shed today, shoring up the non-ferrous metals market. In addition the Federal Reserve Waller voiced support for a rate hike of ... ( read original story ...)
Shanghai, Tianjin Order New Round of Mass Covid-19 Tests
Two of China’s biggest cities ordered residents to undergo mass Covid-19 tests this week, highlighting the risk that fresh outbreaks could trigger new and economically costly lockdowns. ( read original story ...)
KWIH launches Navale in Shanghai and Sierra in Nanjing, First batch of units fully subscribed on the first launch day
K. Wah International Holdings Limited ("KWIH" or "the Group") (stock code: 00173) launched premium residential property projects, Navale in Pudong New District, Shanghai, and Sierra ... ( read original story ...)
Yuan rebounds from 2-month low, investors eye Fed, China property crisis
China's yuan recovered from last week's two-month low on Monday, as the central bank guided it higher amid tempered investor expectations about a more aggressive Federal Reserve rate hike this month. ( read original story ...)
Shanghai enforces new COVID testing, some areas in China extend lockdown
China has reported an average of around 390 local daily infections in the seven days ending on Sunday, higher than about 340 seven days earlier, according to Reuters calculations based on official ... ( read original story ...)
China central bank steps up daily injection, offers $1.8 bln
China's central bank stepped up cash injections through open market operations on Monday, snapping a 10-day streak of a minimal 3 billion yuan ($444.61 million) of daily offering. The People's Bank of ... ( read original story ...)