Tag: China

news-18072024-202003

China’s Annual Growth Target Likely to Be Missed – Economic Analysis and Forecast

The recent economic data from China has been disappointing, leading to a revision in the annual GDP growth forecast for 2024. The country's economy...
news-18072024-041556

China’s Monetary Policy Framework Reforms: What You Need to Know

China's Monetary Policy Framework Reforms: What You Need to KnowThe Governor of the People's Bank of China, Pan Gongsheng, recently gave a speech at...
news-16072024-021321

Hugo Boss Stock Drops 9% After Cutting 2024 Guidance Due to China Demand Decline

Hugo Boss, the German luxury fashion house, saw its stock drop by 9% after revising its sales guidance for 2024 due to a decline...
news-14072024-152306

MLF Day in China: People’s Bank of China Not Expected to Cut Rates |...

The People's Bank of China announced on the 15th of this month that the Medium-term Lending Facility (MLF) rate will remain at 2.5%. This...
news-10072024-015726

China Increases Oversight of Big Four Audit Firms Amid Evergrande Investigation – Reuters

China has intensified its supervision of the Big Four auditing firms, including Deloitte, EY, PwC, and KPMG, amid growing concerns about corporate malpractice. The...
news-08072024-015441

China’s Renewable Energy Expansion Struggles with Grid Capacity Limits

China's renewable energy expansion has reached unprecedented levels, with the country deploying record-breaking amounts of wind and solar capacity. However, this rapid growth has...
news-01072024-030242

China’s Xi Open to Collaboration with Australia | Forexlive

Chinese Communist Party Chair Xi Jinping recently expressed his openness to collaborating with Australia for the benefit of both nations and their people. He...
news-01072024-030223

Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations

The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2...
news-20062024-073356

China Resumes Buying Precious Metals: What It Means for the Market

China has recently resumed buying precious metals, causing a bullish trend in the market. Shanghai Futures Exchange (SHFE) traders are holding large positions in...
news-17062024-062717

Berkshire Hathaway Reduces Stake in Chinese EV Maker BYD to 6.9%

Warren Buffett, speaking during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, has been making headlines for reducing the company's stake in Chinese...

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news-23072024-174103

Eco Data Analysis and Forecasting – Action Forex

The latest data analysis and forecasts for various economic indicators have been released. Here are some key highlights:- In Australia, the Manufacturing PMI for...