Youth appetite for gold rises as Chinese economy loses lustre

“STABLE” ASSETS Gold jewellery was among the best-performing consumer goods in China last year, as the post-pandemic recovery lost its shine in the face of flagging domestic consumption and declining business confidence. A long-running property sector crisis and more recent stock market rout have further dented investors’ options. The marketContinue Reading

China regulator unveils more curbs on short-selling

As part of additional efforts to reduce short-selling, China’s securities regulator announced on Tuesday ( Feb 6 ) that it would suspend brokerages from borrowing shares for lending and cap the size of so-called securities refinancing. The regulator vowed to crack down on illegal trade using short-selling and will alsoContinue Reading

China economic slowdown to persist through 2028: IMF

BEIJING: China’s economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly ageing population, the International Monetary Fund (IMF) said Friday (Feb 2). The world’s second-largest economy last year saw some of its slowest growth in decades, as aContinue Reading

China overtook Japan as world's top vehicle exporter in 2023

TOKYO: China overtook Japan as the world’s biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association (JAMA) showed Wednesday (Jan 31). Japan shipped 4.42 million vehicles in 2023, the figures showed. That compared with 4.91 million exported by China, as reported by the China Association of AutomobileContinue Reading

Timeline: China Evergrande's worsening debt crisis

A Hong Kong court ordered the liquidation of China Evergrande Group on Monday (Jan 29). Evergrande is the world’s most indebted real estate developer and has been at the centre of an unprecedented liquidity crisis in China’s property sector, which accounts for roughly a quarter of the world’s second-largest economy.Continue Reading