economics


Gold ‘getting hit from all directions’ as investors flee funds

Everything’s against gold at the moment. It’s heading for a fifth consecutive weekly loss, the longest run since November 2015, as the Federal Reserve gears up to raise rates, while US equities at record levels lure money out of havens and fund holdings wither. Assets in bullion-backed exchange-traded funds contracted for a 20th straight day as of Thursday, the longest stretch since May 2013. The precious metal is ending 2016 on the ropes as investors price in the Fed’s......

Year-end capital outflows to pressure yuan further

The yuan extended its losses on Friday after the central bank set its reference rate significant lower. Analysts believe that the currency will face intensified pressure in the short term as capital outflows are expected to accelerate and the Federal Reserve is very likely to raise interest rates. O...

trade


Beijing Hosts APEC Summit

As leaders from member countries gather in Beijing for the APEC summit, China is reportedly taking advantage of the opportunity to promote its plans for a Free Trade Area of the Asia Pacific (FTAAP) as an alternative to the Trans-Pacific Partnership (TPP) being negotiated by the United States which excludes China. However, Beijing's attempts to include calls for an FTAAP feasibility study (with a target date of 2025) in the communiqué to be distributed to leaders at the end of the session was thwarted by the US, with a US trade representative spokesman announcing that the two countries will b...

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported ...

China’s e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of t...

culture


Chinese Consumer Inflation Heats Up

(WSJ) China’s consumer inflation picked up for a third-straight month in November, while industrial inflation came in much stronger than expected. Beijing will need to watch price levels closely to contain asset bubbles. Apart from higher food... Read more ...

China to launch strictest policy on environmental protection

(Global Times) China has vowed to launch its strictest environmental protection system and reduce the concentration of PM2.5 particulate pollution in cities with poor air quality by 18 percent by 2020. China's State Council on Monday released a... Read more ...

politics


Damage control: An “old friend” of Xi Jinping will be America’s next ambassador to China

Main image:  TERRY BRANSTAD is an avuncular, amiable man, who has been popular in Iowa, his home state for a long time. He became America’s longest-serving governor after he was elected for an unprecedented sixth term as governor of Iowa in November 2014. Yet he is unlikely to serve his full four-year term. If confirmed by the Senate, he will be America’s next ambassador to China. Mr Branstad was an early unwavering supporter of Donald Trump who is expected to officially announce his pick of Mr Branstad at a vi...