Chinese Economy

Since 2014, Chinas central bank has been examining the potential for a digital yuan. To date, however, the bank has not launched one, and it warned yesterday (Nov. 13), reports to the contrary are inaccurate and potentially fraudulent. The Peoples Bank of Ch…

Singles Day on Nov. 11 is the biggest shopping day in China. That's why it wasn't surprising when Alibaba(NYSE:BABA), the country's top e-commerce player, recently announced that its gross merchandise volume (GMV) rose 26% annually to $38.4 billion during tha…

(Bloomberg) -- Tencent Holdings Ltd. posted quarterly earnings that missed the lowest analysts estimate after a weakening economy hurt advertisement revenue. Net income fell 13% to 20.38 billion yuan ($2.9 billion) in the three months ended September. That c…

More than 20 percent of German companies are planning to relocate production away from China, according to a Nov. 12 study released by the German Chamber of Commerce in China. This years rendition of the annual survey polled 526 member companies. The Chamber…

Silver has recorded small losses in Tuesday trade. In the European session, the metal is trading at $16.78, down $0.05 or 0.32% on the day. Silver Dips to 3-Month Low Silver prices remain under pressure and continue to lose ground. The metal dropped to 16.6…

Nearly a quarter of German companies operating in China are planning to relocate all or part of their business out of the Asian country, according to a study released Tuesday by the German Chamber of Commerce in China.     The annual survey of 526 member fir…

HANGZHOU: Alibabas 11.11 global shopping festival wrapped up on Monday with sales volume reaching 268.4 billion yuan (1.1 trillion baht), setting a new record for the campaign that began in 2009. In the first 68 seconds of Monday, the 11th annual campaign’s …

A former Chinese trade negotiator says President Trump's style of being a straight shooter makes his re-election the best thing for U.S-China trade relations. Trump's willingness to tweet about pretty much anything makes him "easy to read" and "transparent,"…

Baidu(NASDAQ:BIDU) and Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) are two of the top names in online search. Baidu is the top search engine in China, while Alphabet's Google dominates most other markets. But over the past five years, Alphabet's stock soared more t…

Shares of Baidu(NASDAQ:BIDU) recently popped after the Chinese tech giant posted its third-quarter numbers. Its revenue stayed flat year-over-year at 28.1 billion yuan ($3.93), but beat estimates by $40 million. Excluding its upcoming divestments of several n…