Hang Seng Index Up 13%, Mainland Stocks Surge as China Implements Stimulus – FX Empire
Importantly, investors viewed this policy move as positive for China's real estate market. The Hang Seng Mainland Property Index (HMPI) rose 30.64% in the week ended September 27. Notable stock gains across the real estate sector include Longfor Group Holdings (0960) (+56.44%) and Simao Group Holdings (0813). (+69.81%), Agile Group Holdings, Inc. (3383) (+46.51%). The […]
China Defends Its Supply Chain Monopoly After Getting Linked to Lebanon Electronics Blast
One of China's top diplomats on Thursday opposed “attempts to weaponize and/or politicize supply chains” against the backdrop of hundreds of mysterious explosions targeting Hezbollah terrorists in Lebanon this month. He encouraged the world to do so. Officials in the country confirmed that the explosions were caused by pagers, walkie-talkies, mobile phones, solar panels and […]
Sewage Eruption In China Leads To 30-Foot High Poop Volcano In Viral Video
A sewage eruption in China spewed human feces more than 30 feet into the air, and the whole thing was caught on camera. Video showed poop gushing out from a burst pipe on a section of road under construction on Tuesday morning. Shocking footage of the eruption showed poop being launched high into the air…and […]
Investigator reveals China tried to smuggle drones to Libya disguised as COVID aid
China, with the help of corrupt United Nations officials, tried to send $1 billion worth of drones to Libyan warlords under the guise of COVID-19 aid, according to Canadian government investigators. New court documents accuse Chinese state officials of conspiring to cover up a $1 billion deal to provide 42 drones to Libya's General Khalifa […]
‘We Have Deepened Our Ties with China’
Treasury Secretary Janet Yellen said in an interview with CNBC on Thursday that U.S.-China relations are “getting closer.” I think our relationship with China has also deepened. ” “In your speech, you mentioned the China risks and the importance of having, or at least building a positive relationship with China. But… During this administration, we've […]
Biden must end our dangerous dependence on China and Taiwan for weapons and ammo
Every day, the United States sends an unconscious message to China that it has no deterrent power. I know my friends and enemies The Pentagon cannot wage war In addition to its stock of weapons and ammunition, the Department of Defense Imports from major enemy countriesChina and its partner at risk of blockade, Taiwan, can […]
China announces new measures to arrest housing slump and boost growth | Chinese economy
China's leaders acknowledged that the central bank's investment stimulus measures this week were likely to be insufficient and vowed to stem the housing market slump and boost growth. China's Politburo pledged the state would make “necessary expenditures” to meet this year's economic growth target of 5 percent, boosting transfers to the poorest and giving local […]
Aussie bounces back today on upbeat China sentiment – ForexLive
AUD/USD daily chart Yesterday, the pair was technically rejected from its June/July 2023 highs near 0.6900, but is expected to bounce back and move higher today following a strong message from the Chinese Communist Party Politburo in support of measures implemented this week to strengthen the Chinese economy. As a result, Chinese stocks have risen […]
GOP senators eye comprehensive China strategy to curb CCP influence
First appearance on FOXRepublican senators on Wednesday introduced a package of measures aimed at taking a comprehensive approach to curbing the Chinese Communist Party's influence in the Western world. Republican Senators Pete Ricketts of Nebraska and Eric Schmitt of Missouri have led several bills in the Senate, each focused on different aspects of Chinese engagement […]
China weighs injecting $142 billion of capital into top banks, Bloomberg News reports – Yahoo Finance
HONG KONG (Reuters) – China is considering injecting up to 1 trillion yuan ($142.39 billion) in capital into the country's biggest state-owned banks to boost their ability to support its struggling economy, Bloomberg News reported on Wednesday. The move is part of a wide-ranging stimulus package introduced by Beijing this week to jump-start China's sluggish […]