China has kicked off major military drills around Taiwan, calling it a “stern warning” against the island's independence push. Taiwan's Defense Ministry condemned the exercises as “unreasonable provocation.” The drills, dubbed Joint Sword-2024B, involve China’s army, navy, air force, and rocket forc
On Monday, Asian shares took an upward leap, with Chinese stocks soaring over 1% after the finance minister hinted at more economic support. While U.S. futures remained steady and oil prices dipped, investors worldwide held their breath for more details on China's new stimulus plan. Experts believe
China's Finance Minister, Lan Fo'an, recently suggested that there's room for more economic stimulus, but he didn't reveal any specific plans. This could mean new steps to boost the economy in the future, but what those might be is still a mystery. China's economy hasn't been doing great even after
Imagine the stock market as a rollercoaster. On Wednesday, the Chinese stock market took a big plunge, dropping over 7% in a single day. That's a lot! This sudden drop happened because investors are worried that Beijing's efforts to boost the economy won't be enough. They're looking for more action.
Early morning trading was a rollercoaster ride for investors. Many US-listed Chinese stocks like online video giant Bilibili crashed by over 13%, with automaker Nio and e-commerce giants JD.com and Alibaba also taking heavy hits. The reason? China's state planner didn't announce any new stimulus pla
On Friday, the European Union took a significant step in its ongoing investigation into Chinese electric vehicle (EV) subsidies. The EU voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). This move follows the launch of an anti-subsidy probe back in October 2023, which
The Chinese stock market has been on a remarkable journey, with its CSI 300 Index jumping as much as 6.5% on Monday, the largest gain since 2015. This sudden surge marks a significant turnaround for the market, which had lost over 45% of its value from its 2021 high in mid-September. The index has s
China, the world's second-largest economy, is facing a prolonged economic slowdown. The country's factory activity has contracted for five straight months, with a purchasing managers' index (PMI) reading of 49.8 in September. While this is higher than expected, it still indicates a contraction in ma
The Rally in Chinese Stocks: A Cause for Caution? While it is undeniable that the recent rally in Chinese stocks has been impressive, it is essential to approach this situation with a critical and nuanced perspective. The CSI 300 Index has shown significant gains, fueled by government-backed stimul
The United States is on the brink of taking a bold step to safeguard its national security. On Monday, the Commerce Department will propose a ban on the sale and import of smart vehicles that use specific Chinese or Russian technology. The move comes after a thorough investigation revealed a range o
