Analyts at JP Morgan note that they maintain their constructive outlook on the Chinese economy, citing four key reasons. “1. Chinese money supply is moving up ... and credit impulse is improving. This has historically been key for the Chinese activity momentum. 2. More policy stimulus is likely, in order…
Tencent (Picture: Xing Yun / Costfoto/Future Publishing via Getty Images) Tencent Holdings logged its first-ever revenue decline after its workforce shrank almost 5%Tencent is grappling with a downturn in the world’s No. 2 economy, the product of a property slump and ad-hoc coronavirus lockdowns from Shanghai to Shenzhen.The uncertainty is…
Investments in renewables are hitting new highs in China, as recurrent Covid-19 outbreaks and a crisis-stricken housing market threaten the world’s second-biggest economy, according to BloombergNEF. August 17, 2022 Max Hall BloombergNEF (BNEF) says its latest survey of global clean energy investment indicates that Chinese solar and wind energy projects…
Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in China had grown by less than expected, heightening concerns of an upcoming global recession. Bitcoin also declined on Tuesday. Bitcoin…
BANGKOK -- Asian shares were mostly higher on Friday after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits. Tokyo, Hong Kong and Sydney advanced while Seoul and Shanghai declined. U.S. futures edged lower while oil prices rose. Japan…
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COVID-19 and the resultant lockdowns have had a deleterious effect on China’s economy that is now starting to reflect in the economic data: April saw the first negative industrial growth in two years. But conversely, the pandemic has also created a new economic dynamo: The stay-at-home economy. While the industrial…
Every finance professor warns that high gross domestic product (GDP) growth doesn’t always translate into high returns for the stock market. The inverse (low GDP does not mean negative returns) is also true, particularly in the short term. In mature markets, profits for the largest firms are not directly tied…
I first met Anne Stevenson-Yang in Beijing in the late 1990s when she ran the big, scary competitor to the failing startup print magazine that I was editing. She is the co-founder of J Capital Research, which does financial and economic research in Asia. For 25 years, she lived in…