At least 13 global chain-store operators have already set up or plan to open their first mainland Chinese shops in Shanghai, this year China's exit from its zero-Covid strategy will unleash pent-up ... ( read original story ...)
Worst Year for Chinese Steel Mills Since 2016 Gives Way to Hope
China’s steel mills are gearing up for a brighter year as prices of the construction material recover on optimism that an economic rebound and measures to revive the property industry will boost ... ( read original story ...)
China’s Savings Conundrum
Spurred by China’s rigid COVID-19 containment strategy, which the government rolled back in December, household savings surged by CN¥17.8 trillion in 2022, growing by more than CN¥5 trillion in the ... ( read original story ...)
Chinese cities lower or scrap floor on mortgage rates to boost demand
Many Chinese cities have rushed to lower or even scrap the floor on mortgage rates for first-time home buyers in recent weeks, a research firm report said on Thursday, as authorities eased rules ... ( read original story ...)
Chinese Investors Pivot to Stocks From Bonds on Recovery Hopes – Funds Report
Chinese investors are starting to shift money from bonds to stocks, betting on a robust recovery for riskier assets as the government's policy pivots to boost growth, the latest report on mutual funds ... ( read original story ...)
Global Investment Banks Project Jump in Yuan in 2023
On average, the forecasts are for the yuan to end 2023 at 6.5 per dollar, a 3.6% rise from current levels. It has already surged more than 7% from the trough hit in late November to 6.7497 per dollar ... ( read original story ...)
China’s Ferry Tale Taiwan Invasion Plan Is A Legal Nightmare
China’s use of civilian ferries in military exercises blurs the legal distinction between civilian and military objects that makes it difficult to predict when, and if, China will invade Taiwan. It ... ( read original story ...)