A suspect surnamed Wang has been arrested in Beijing for allegedly selling fake antiques and defrauding a woman in Shanghai out of over US$1.2 million. ( read original story ...)
Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall
China’s economic slowdown means people are spending their more limited funds on so-called “pingti” products, high-quality replicas of branded goods known in English as dupes. ( read original story ...)
Shanghai stocks rally more than 4%, largest one-day gain in 4 years
The Shanghai Composite Stock Index closed 4.15 percent higher on Tuesday, its largest single-day rise in more than four years, as Chinese shares rallied following the release of ramped-up monetary policy moves to boost the economy. ( read original story ...)
Hong Kong, Shanghai Stocks Close More Than 4% Higher
Shares in Hong Kong and Shanghai soared more than four percent on Tuesday after China unveiled a slew of measures aimed at kickstarting the struggling economy. ( read original story ...)
Stock market today: Wall Street ticks quietly higher, Chinese markets soar on new economic measures
Wall Street was barely higher in early trading on a mostly quiet Tuesday as markets adjust to the reality that inflation is no longer the dominant theme of the U.S. economy. Futures for the S&P 500 and the Dow Jones industrials each rose about 0. ( read original story ...)
China’s Stock Indexes Rally After Central Bank Releases Stimulus Measures
The Shanghai Composite Index [SHA: 000001] soared 2.4 percent as of lunch break today, while the Shanghai Stock Exchange Star 50 [SHA: 000688] rose 2.6 percent. The Shenzhen Component Index [SHE: 399001] jumped 2.6 percent, and the ChiNext Index [SHE: 399006] surged 3.5 percent. ( read original story ...)
Chinese financial stocks climb on new wave of stimulus measures
China's financial stocks rallied in Tuesday morning trading after the country's central bank unveiled a sweeping stimulus package aimed at countering the waning economic outlook and restoring market ... ( read original story ...)