China Finance

Clogged supply chain sees ‘significant progress’, but freight and ships linger ahead of holidays

Supply chain problems – trapping goods around the world and adding to inflationary pressures as consumers and businesses scramble to find scarce goods – are slowly receding just before Christmas. In congested west coast shipping hubs that have hosted countless freighters, port officials note that dockworkers and terminal operators have …

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Chinese securities regulator ready to communicate with US counterparts on audit oversight cooperation

China’s Securities Regulatory Commission said on Friday it was ready to communicate more with counterparts in the United States on audit oversight cooperation. “Currently, dialogues on audit oversight cooperation between Chinese and US regulators are continuing and have resulted in positive progress,” the CSRC said. The CSRC said it welcomes …

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Nicox Announces First Patient Screened In China In Ongoing NCX 470 Denali Phase 3 Glaucoma Trial

December 16, 2021 – release at 7:30 am CET Sophia Antipolis, France Nicox SA (Euronext Paris: FR0013018124, COX), an international ophthalmology company, today announced that the first patient has been screened in China as part of the ongoing Denali Phase 3 clinical trial, paving the way for submissions new drugs …

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Japan pledges record $ 3.4 billion to World Bank for low-income countries

TOKYO, Dec.15 (Reuters) – Japan has pledged $ 3.4 billion as its largest contribution to the World Bank’s International Development Association (IDA) to secure recovery for low-income countries after the COVID-19 pandemic, finance ministry officials said. Tuesday. The pledge came as Japan hosted an online meeting on the 20th IDA …

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Chinese solar giants bid to dominate hydrogen power

(Bloomberg) – Chinese companies have spent 10 years aggressively maneuvering to become the dominant players in solar power. Now they are looking to lead the way in the development of the next big innovation in clean energy: hydrogen. Bloomberg’s Most Read Major solar power makers, including Longi Green Energy Technology …

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Oil prices rise as Omicron fears fade

Oil markets are starting to show signs of recovery following news that Omicron’s impact on demand may not be as large as originally thought. Friday, December 10, 2021 Oil markets as a whole heaved a sigh of relief upon learning that the Omicron variant of COVID-19 may not be as …

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China courts global capital on its own terms

December 11, 2021 ESINCE At the start of the trade war between America and China, investors, politicians and businesses tried to gauge how well and how quickly the world’s two largest economies will decoupling. The finance model is clarified with the announcement that Didi Global, a Chinese ridesharing company, is …

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Australia joins diplomatic boycott of Beijing Winter Olympics

(Bloomberg) – Australia to join US-led diplomatic boycott of the Beijing Winter Olympics to protest the country’s alleged human rights violations, in a bid to further worsen relations between the two countries. Bloomberg’s Most Read Prime Minister Scott Morrison’s decision makes Australia the first major country to follow the United …

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Global stocks are mixed as China prepares to boost markets

BANGKOK (AP) – European stocks and US futures rose on Monday after a lackluster day in Asia, where stocks fell in Hong Kong and Shanghai after struggling Chinese real estate developer Evergrande warned it could running out of money. Take action to reassure investors and avoid blocking growth, The central …

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2 major market risks for 2022, according to Bank of America

Markets should be wary of high inflation and the potential spread of new COVID variants in 2022, a new report from the Bank of America (BAC) warns. “Future waves of COVID are the biggest downside risk,” the report notes. “On the upside, supply is waking up to meet the gains …

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