In the Central district of Hong Kong on July 26, 2021, individuals were seen standing in front of an electronic display showing the Hang Seng Index. Stocks experienced a significant decline as China’s decision to reform the private education sector and prohibit tuition firms from making profits took its toll. This development resulted in Hong …
A stock photo of a processor unit, with the flags of the United States and China to illustrate the escalating global race for technology supremacy between the two largest economies in the world. Blackdovfx | Istock | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open …
A view of the Stuart The Minion balloon during the 2022 Macy’s Thanksgiving Day Parade on November 24, 2022 in New York City. Noam Galai | Getty Images Entertainment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything …
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong rose by more than 3%, while China’s …
Country Garden shares experienced a significant decline on Monday, reaching the lowest point in eight months, as concerns over debt resurfaced within the Chinese property sector. The stock market slump was spearheaded by Country Garden, whose Hong Kong-listed shares plummeted nearly 7%, marking their lowest level since November of last year. The property services division …
Official data released on June 30, 2023, reveals that factory activity in China contracted for the third consecutive month. This comes amid concerns over the country’s weak economic performance in April and May, with calls for additional measures to stimulate the world’s second-largest economy. Image source: Future Publishing | Getty Images In June, China’s factory …