The Magazine for Asian Investors
China’s factory activity shrank sharply in September due to the strict lockdown of Covid This caused production disruptions and reduced sales. The falling global demand for Chinese goods has a huge impact on the manufacturing sector. New export orders contracted…
China’s factory activity expands unexpectedly in September, even as the government strictly enforces Covid-19 control measures in major cities and exports weaken. After contracting for two months in a row, it returned to growth. Data from the National Bureau of…
The Chinese yuan recovered from a 14-year low against the previously strong dollar on Thursday. This led to eight straight days of losses after the central bank warned against heavy speculative trading and one-sided currency bets. The People’s Bank of…
China’s Ministry of Finance and Ministry of Industry and Information Technology have announced an extension of the tax exemption on new energy vehicle (NEV) purchases until the end of 2023. The statement said that the above policy will apply to…
The National Bureau of Statistics (NBS) reported Tuesday that industrial profits fell 2.1% in the first eight months of 2022 from a year earlier, following a 1.1% decline in the January-July period. The Chinese economy surprisingly recovered in August. Factory…
The China Association of Automobile Manufacturers (CAAM) announced that sales of Chinese branded passenger cars rose sharply by 45.3% year-on-year in August. According to the association, around 1.03 million Chinese branded passenger cars were sold in August. This represented 48.4%…
At least three Chinese state-owned refineries and large private refineries are considering increasing production by up to 10% in October compared with September. Stronger demand is expected and fuel exports may increase in the fourth quarter. Chinese refiners expect Beijing…
The People’s Bank of China (PBOC) left the interest rate for one-year customer loans (LPR) at 3.65% and the interest rate for five-year LPR at 4.30%. Analysts had earlier predicted that the People’s Bank of China (PBOC) will leave its…
According to China’s customs authority, China imported more coal from Russia in August than in July, reaching at least its highest level in five years. China is seeking overseas power suppliers to meet peak demand during extreme heat. According to…
The foreign direct investment that flowed into China in the first eight months increased by 16.4% year-on-year to 892.74 billion yuan. In dollar terms, foreign direct investment increased by 20.2% year-on-year to $138.41 billion. According to the report, FDI in…
