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BEIJING, June 7 — China’s imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected, weighed by disruptions caused by Covid-19 cases at the country’s major southern ports. While a brisk recovery in...

BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly controlled yuan more flexible and market-oriented. On Monday, commercial lenders were ordered to hold more of their foreign currency as reserves in the central bank to limit sales after the yuan…

Chinas central bank tries to stop surge in currencys value JOE McDONALD, AP Business Writer May 31, 2021 FacebookTwitterEmail FILE - In this Nov. 12, 2015, file photo, staff member displays an 100-yuan RMB banknote at the Bank of China Tower in Hong Kong. China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly controlled yuan more flexible and market-oriented.Kin Cheung/AP BEIJING (AP) — China’s central...

Earnings at China's industrial firms grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profitability from manufacturing.

China braces for US$1.3T maturity wall as defaults surge Bloomberg News Pedestrians are seen in China , Bloomberg News Even by the standards of a record-breaking global credit binge, China’s corporate bond tab stands out: US$1.3 trillion of domestic debt payable in the next 12 months. That’s 30 per cent more than what U.S. companies owe, 63 per cent more than in all of Europe and enough money to buy Tesla Inc. twice over. What’s...

May 20, 2021 Taiwan is facing major threats from a surge in coronavirus cases and drought-triggered power outages, potentially derailing one of Asia’s economic success stories this year. The island has gone from zero local cases earlier this month to recording 1,226 domestic infections in the past five days alone and on Wednesday a soft lockdown was extended to the entire island. Schools were already closed, but the new rules mean masks are mandatory outdoors, with limits on social g...

3,399,793.0 Taiwan is facing major threats from a surge in coronavirus cases and drought-triggered power outages, potentially derailing one of Asia’s economic success stories this year. The island has gone from zero local cases earlier this month to recording 1,226 domestic infections in the past five days alone, and stocks fell Thursday after a soft lockdown was extended to the entire island. Schools were already closed, but the new rules mean masks are mandatory outdoors, with limits on soc...

Chinas Inflation Rises Moderately; PPI Inflation Highest Since 2017 BEIJING (dpa-AFX) - Chinas consumer price inflation rose moderately at a slower-than-expected pace in April, while producer prices grew at the fastest pace in more than three years driven by higher commodity prices. Consumer price inflation rose to 0.9 percent in April from 0.4 percent in March, the National Bureau of Statistics reported Tuesday. Nonetheless, the rate was slightly below economists forecast of 1 percent. On a m...

FOREX-Commodity gains restrain dollar ahead of inflation data Reuters 1 day ago * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E Popular Searches * Dollar bides time before U.S. CPI and Fed speakers * Sterling continues stellar run as coronavirus risks fade By Stanley White and Tom Westbrook TOKYO/SINGAPORE, May 11 (Reuters) - The dollar hovered near multi-month lows on Tuesday with lofty commodity prices lending support to exporters currencies, though caution about U.S. inflation bringing...

Updated / Tuesday, 11 May 2021 08:54 Chinas consumer price index rose by a mild 0.9% in April on an annual basis Chinas factory gate prices rose at the fastest rate in three and a half years in April as the worlds second-largest economy gathers momentum after strong first-quarter growth. But economists have downplayed the risks to inflation. Investors globally are increasingly worried that pandemic-driven stimulus measures could spark a rapid rise in inflation and force central banks to raise ...