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Alibaba logs higher quarterly sales but posts loss on antitrust fine

Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss......»»

Category: topSource: foxnewsMay 13th, 2021

Nio Reports Q1 Beat Amid Strong Demand, Forecasts Deliveries Growth Despite Chip Shortages

Chinese EV manufacturer NIO Inc. (NYSE: NIO) announced Thursday first-quarter r.....»»

Category: earningsSource: benzingaApr 30th, 2021

: China posts record growth on-year in Q1 but recovery seen as slowing

The Chinese economy grew by a record 18.3% in the first quarter of the year compared with the same period of 2020, when it had shrunk for the first time in decades due to the COVID-19 pandemic......»»

Category: topSource: marketwatchApr 16th, 2021

: Investors blinded by over-optimism on vaccine rollout must see these risks, warns economist

Enthusiasm for President Biden’s coronavirus relief package, the rollout of vaccines, and Chinese growth have made investors blind to risk, warns this economist......»»

Category: topSource: marketwatchMar 10th, 2021

China ETFs surge on GDP beat

Chinese growth-stock exchange-traded funds roared higher Tuesday, the first trading day in the U.S. after the country said it had had economic growth that beat analyst expectations and surpassed pre-pandemic ra.....»»

Category: topSource: marketwatchJan 19th, 2021

: Chinese exports shot to a record high in 2020 as the world economy sank

Economists expect China’s exports growth to slow in the coming months if western economies manage to control the COVID-19 pandemic's second wave and resume normal activity......»»

Category: topSource: marketwatchJan 14th, 2021

XPeng Analyst: Automaker Leads Chinese EV Market In Autonomous Driving

Chinese electric vehicle manufacturer Xpeng Inc – ADR (NYSE: XPEV) is poised for an acceleration in sales growth, according to an analyst at BofA Securities. The XPeng Analyst: Ming Hsun Lee reiterated a Buy rating on XPeng with a $54.10 price target.  .....»»

Category: blogSource: benzingaJan 12th, 2021

Alibaba stands to benefit as Chinese e-commerce growth nears pre-virus levels, says analyst

Raymond James analyst Aaron Kessler is encouraged by Chinese government data indicating that growth of online purchases in the country is nearing pre-coronavirus levels. He said the la.....»»

Category: topSource: marketwatchMay 15th, 2020

Stocks falter as anxiety grows over second coronavirus wave

Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted......»»

Category: topSource: reutersMay 12th, 2020

Dollar surges on quarter-end flows; outlook robust

The dollar climbed against a swathe of currencies on Tuesday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey showing manufacturing returned to growth in March......»»

Category: topSource: reutersMar 31st, 2020

Yen declines on year-end U.S. dollar demand

The dollar rose against the yen on Tuesday amid fiscal year-end demand by Japanese companies and the Chinese yuan stood firm after a survey showed manufacturing returned to growth in March......»»

Category: topSource: reutersMar 31st, 2020

China counting on 5G to reignite growth engine

The Chinese government has pushed its local factories to resume production and rolled out relief measures to help industries hit by the coronavirus disease, with a heavy emphasis on the 5G sector's role to restore its growth engine......»»

Category: topSource: digitimesMar 25th, 2020

Urbem’s "Megatrend" Series: The Rise of China

Picking non-China stocks to benefit from Chinese economic growth with a better risk-reward balanceRelated Stocks: DJCO, XSWX:CFR, LVMH(XPAR:MC), NKE, XTER:ADS, HKSE:0202,.....»»

Category: blogSource: gurufocusFeb 19th, 2020

Stocks scale fresh peaks on slowing virus, dollar gains

The dollar gained while U.S. and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases and on expectations of Chinese stimulus to counter a slowdown in growth......»»

Category: topSource: reutersFeb 19th, 2020

Hormel joins Tyson Foods, JBS in removing drug banned by China from hog supply

Spam-maker Hormel Foods Corp is eliminating a growth drug banned by China from its hog supply, the company said on Tuesday, joining rivals that are seeking to increase meat sales to Chinese buyers grappling with a pork shortage......»»

Category: topSource: reutersFeb 18th, 2020

Coronavirus impact on world economy uncertain amid "sluggish" growth: IMF chief

The Chinese virus outbreak's impact on the world economy is hard to predict because of China's new outsized role in the global marketplace, International Monetary Fund chief Kristalina Georgieva said Wednesday......»»

Category: topSource: foxnewsFeb 12th, 2020

Health care and tech grows in city while other sectors falter, comptroller finds

New York City's still working it! Employment expansion in 2019 kept pace with the prior two years, despite fears of a looming downturn, a new report by state found. The growth owed to continuing... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkFeb 7th, 2020

How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth

The shortage of new mining machines caused by the coronavirus outbreak could curb computing power growth from Chinese miners who contribute over 65% of Bitcoin’s hash power......»»

Category: forexSource: coindeskFeb 5th, 2020

Exclusive: As virus fallout widens, China readies more measures to stabilize economy - sources

Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said......»»

Category: topSource: reutersFeb 4th, 2020

Market Snapshot: Dow tumbles 600 points as Trump declares public health emergency for coronavirus epidemic

U.S. stocks tumbled Friday, with the Dow and S&P 500 index recording their biggest one day falls since August, as fears that Chinese coronavirus epidemic would slow economic growth rattled Wall Street......»»

Category: topSource: marketwatchJan 31st, 2020