Gold prices have surged in 2024, reaching new highs, and could continue to climb, potentially hitting $2,800 per ounce by the end of the year, with a chance to reach $3,000 per ounce in 2025, according to a recent UBS report. Several key factors are contributing to the ongoing rise in gold prices, including: Market […]
Executives attending the seventh China International Import Expo (CIIE), which began in Shanghai on November 5 and runs through November 10, are increasingly optimistic about expanding their footprint in China. This surge in confidence is largely driven by the country’s recent removal of market access restrictions for foreign investors in the manufacturing sector. China’s National […]
Backed by combined policy support from central and local governments, Shanghai’s real estate market is beginning to show recovery signs, with industry experts predicting a comprehensive restoration in the coming months. Yao Yao, head of research for JLL China, noted several positive changes in the third quarter. Demand for office leasing is increasing, driven by […]
CITIC Capital Holdings Ltd has announced that its private equity arm, Trustar Capital, has signed an agreement with CITIC Group to acquire its shares in McDonald’s businesses on the Chinese mainland, as well as in Hong Kong and Macao. This move solidifies CITIC Capital’s position as the controlling shareholder, maintaining a 52% ownership stake in […]
China has strongly opposed the European Union’s decision to impose additional tariffs on electric vehicles (EVs) manufactured in its market, with the Ministry of Commerce pledging to take all necessary measures to protect the interests of Chinese companies. The tariffs, announced by the European Commission on Tuesday, will come into effect on Thursday and will […]
As economic cooperation deepens, Guangxi’s geographical advantages—its land and sea links to ASEAN—have significantly boosted its fruit exports. In 2023, Guangxi imported agricultural products worth 16.71 billion yuan ($2.34 billion) from ASEAN, marking a 43.1% year-on-year increase. Local specialties like orah mandarins and sweet tangerines are gaining popularity in these markets, prompting more companies to […]
The internationalization of the Chinese yuan (renminbi) is entering a critical phase marked by substantial progress and a favorable global economic environment. This transformation is driven by both long-term strategic goals and immediate market opportunities. Long-Term Strategic Vision China’s leadership has emphasized the importance of a strong local currency as a cornerstone of its financial […]
October 28, 2024 — The People’s Bank of China (PBOC) has initiated the first operation of the Securities, Funds and Insurance Companies Swap Facility (SFISF) as part of its strategy to enhance the role of financial institutions in stabilizing the capital market. The operation, which was conducted on Monday, involved a scale of 50 billion […]
Chongqing, China — A new ASEAN Express train set off for Malaszewicze, Poland, from Chongqing on Friday morning, inaugurating a fast-track route for trade between Asia and Europe. The train, loaded with automotive electronic components and other goods, departed Tuanjiecun Station at approximately 5:00 am and is expected to reach its destination in about two […]
Shanghai, China — Representatives from the Global Business District (GBD) Innovation Club convened by Suzhou Creek on October 24 to discuss new avenues for cooperation and innovation as part of Shanghai’s Our Water project. This five-year initiative, launched in 2023, aims to enhance urban cultural exchanges and foster international collaboration. The meeting follows the project’s […]