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Month: July 2022

Posted on 15/07/2022

China central bank renews medium-term policy loans, rate unchanged for a sixth month

China's central bank rolled over maturing medium-term policy loans while keeping interest rate unchanged for a sixth straight month on Friday, matching market expectations.The People's Bank of China ... ( read original story ...)

Posted on 15/07/2022

Shanghai enters the metaverse: Economic boost or digital surveillance state?

The Shanghai Municipal People's Government has announced a ten billion yuan (US$1.4bln) metaverse fund as part of a wider roadmap to rejuvenate the flailing economy of China's most populous city. A ... ( read original story ...)

Posted on 15/07/2022

Global pharma companies still see a big future in Shanghai

Pharma companies, testing and equipment providers remain committed to Shanghai as an attractive investment destination and continue to forge closer ties with local players. Shanghai aspires to be an ... ( read original story ...)

Posted on 15/07/2022

China’s property, banking pain has iron ore in a bear squeeze

COVID-19 is slowing China’s economy and sparking crises in its property sector, weighing on iron ore prices just as the big miners see costs rise. ( read original story ...)

Posted on 15/07/2022

CN property market and growth concerns remain in focus

Chinese property and bank indices extend declines; CN property market and growth concerns remain in focus; China data was mixed. - China traded metals move sharply lower on growth and property market ... ( read original story ...)

Posted on 15/07/2022

Shanghai continues to lock down areas even as cases stabilise

Shanghai’s latest Covid-19 outbreak appears to be stabilising, with most new cases already in government-mandated quarantine, but authorities are taking no chances, still locking down areas of the ... ( read original story ...)

Posted on 15/07/2022

Shanghai’s economy shrank almost 14pc as lockdown took toll

Shanghai's economy shrank almost 14pc in the second quarter when a two-month lockdown in the financial and trading hub shuttered factories, curbed consumer spending and disrupted operations at the ... ( read original story ...)

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