China’s home sales rose significantly in June from the previous month as government policies to support the housing market kick in and the impact of Covid outbreaks on business activities gradually ease, though analysts say the sustainability of the recovery remains in question.
You can see some content of The Wire HERE
Ganfeng Lithium probed by Chinese regulator for alleged insider trading of Jiangxi Special Electric Motor’ shares
China’s Ganfeng Lithium, the world’s third largest producer of lithium salts, is being investigated by China’s securities regulator for alleged insider trading, the company said in a statement on Monday.
China’s manufacturing activity expanded at the fastest pace in 13 months in June, following the lifting of COVID lockdowns and resumption of business activities, a private survey showed on Friday…..
China’s technology hub of Shenzhen saw second-hand home transactions in the first half of the year hit the lowest level since 2007, amid a persistent downtrend in the housing market and the impact of the Covid outbreaks.
Several regions announced plans to increase coal output this year, China’s 2022 coal output likely to increase by 200 million tonnes
Several Chinese regions have announced plans to increase coal production, as part of the country’s efforts to ensure energy supply and stabilize energy prices. Analysts estimate that China’s full-year coal output in 2022 is expected to increase by 200 million tonnes.
China’s factory and service activities returned to expansion in June after contracting for three consecutive months, as authorities lifted a COVID lockdown in Shanghai and took measures to revive production and boost consumption.
China’s copper futures declines for third straight week on expectation of weak demand, rising supply
China’s copper futures are declining for the third consecutive week amid expectations of sluggish demand and ample supply .
Online searches for flight, train tickets spike after China suspended marking cities with Covid cases in tracking system
Online searches for air and train tickets spiked after China announced it would no longer mark the cities with COVID case in its travel tracking system, which is expected to boost travel demand.
China Vanke chairman said real estate sector has bottomed in short term, though quick recovery unlikely
The recent comments by Yu Liang, Chairman of property developer China Vanke Co. Ltd, excited the market on Tuesday, triggering a strong rally in homebuilders’ stocks. Yu said at the….
China and Hong Kong ETF Connect to kick off on July 4, initial list of 83 mainland-listed ETFs announced
The inclusion of exchange-traded funds (ETFs) in Stock Connects linking markets in mainland China with Hong Kong will kick off on July 4, according to a joint statement by the regulators of Hong Kong and the mainland on Tuesday, ahead of the July 1 anniversary celebrating 25 years of Hong Kong’s handover to the mainland.
China’s financial and commercial hub of Shanghai has been accelerating resumption of transport and logistics after a two-month Covid lockdown was lifted on June 1 and the city’s highway, waterway, airway and railway transport volume has largely returned to normal levels before a COVID-19 outbreak hit two months ago, said an official from the Ministry of Transport on Monday.
Richard Liu Qiangdong, Founder and Chairman of Chinese e-commerce giant JD.com Inc., has been offloading shares of the company over the past month, cashing in about $932 million. According to JD’s….
Profits at Chinese industrial companies declined at a slower pace in May as production and logistics gradually recovered after the Covid-19 outbreaks ease. Industrial companies’ profits fell by 6.5% in….
China sees recovery in summer travel demand as inter-provincial travels restart, scenic sites reopens
China’s summer tourism is showing signs of recovery as major scenic spots reopen, most provinces allow inter-provincial travel, and many regions and attraction sites offer free tickets to attract tourists…..
China’s Shanghai Export Containerized Freight Index compiled by the Shanghai Shipping Exchange has been falling in the recent month as the rebound of exports has been slower than expected.
Power demand in several Chinese regions hit record amid heatwaves, authorities call for more efforts to ensure coal supply
Electricity demand in northern, central and northwestern China hit record levels as millions turned on air conditioners to escape wide-spread heatwaves. The maximum electricity load in East China’s Shandong province….
China will include platform companies’ payment businesses and other financial activities into the scope of government supervision, while pushing large payment companies to “go back to their basics” and prevent….
Chinese property developers’ sales under mounting pressure despite many cities’ housing policy easing
Chinese property developers’ sales have been weak, with most of them achieved lower than 30% of the full-year sales target, even after more than 200 cities have rolled out policy….
Chinese local government bond issuance hit new record in June as authority steps up efforts to boost economy
Chinese local governments’ bond issuance hit a new record high in June after the top authority called for faster issuance to boost investment and support the slowing economy. Local governments….
Premier Li Keqiang stressed on Tuesday the fundamental role of grain production and energy supply in stabilizing commodity prices, saying that China has kept its prudent monetary policy in place….
China stepped up crude oil imports from Russian in May amid steep discounts offered by suppliers amid sanctions imposed by Western economies over the invasion of Ukraine, making it the….
China kept its benchmark lending rates unchanged as expected, as rate hikes by global central banks make it difficult for the world’s second largest economy to further ease monetary policy….
China’s civil aviation authority in talks with some countries to increase regular international flights, several Chinese carriers resume some international flights
The Civil Aviation Administration of China (CAAC) was talking with some countries to gradually and steadily increase regular international passenger flights to meet the needs of personnel exchanges, the regulator said at a press conference on Friday, in response to questions about whether there will be more international flights in the second half of this year.
China’s unsold residential properties rose in 2021 for first time in six years, property market to gradually recover this year – top state think tank
China is expected to see property sales by floor area grow at a slower pace in 2022, property prices rise slightly, new construction starts decline further and the growth of real estate investment slow significantly, according to a new report released by the Chinese Academy of Social Sciences (CASS), a top government think tank.
Shanghai airport’s May recovery much weaker than expected, domestic passenger traffic slumping 99% on year
Airports in China’s financial and commercial hub of Shanghai saw its business remained extremely weak in May amid the impacts of the Covid-19 outbreaks, with domestic air passenger traffic slumping more than 99% from a year earlier.
Overseas investors cut holdings of Chinese bonds for fourth straight month, bought A-shares via Stock Connect for third consecutive week
Overseas investors cut holdings of Chinese bonds for a fourth straight month in May, and at the fastest rate in more than five years, as diverging monetary policy kept Chinese….
Chinese government’s fiscal revenue plunged by more than 30% in May from a year earlier as the government refunded some taxes to help businesses weather the impacts of Covid-19 restrictions,….
China’s housing market remained sluggish in May despite a series of supportive measures, with home prices declining further and in particular, more cities seeing second-hand home prices drop. Home prices….
Koolearn Technology surged 660% this month as its live-streaming videos go viral, some doubt sustainability
Koolearn Technology, the online education arm of New Oriental Education, continued to rally on Thursday, surging as much as 100% to jump above HK$30 mark at one point, before closing….
Chinese economy showed signs of recovery in May, pressure on labor market persisted, overall growth remained fragile
China’s economy showed some signs of recovery in May, with industrial output back into expansion and retail sales falling at a slower pace, after Covid-19 restrictions eased and the government….