Macro

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

China Defends Market Economy Development Against US Accusations

China's Ministry of Commerce has strongly opposed a recent report released by the office of the United States Trade Representative, claiming it has distorted...

China’s manufacturing and services sectors show widespread improvement in February

China's economic activity, spanning both the manufacturing and services sectors, expanded for the second consecutive month in February, providing the latest glimpse into the...

China’s Economic Growth Potential Continues to Expand with New High-Tech Projects Underway

Dozens of mechanical arms move along a production line while busy robots carrying components weave about in a science and technology park in North...

Hong Kong Chief Executive urges NPC deputies to boost city’s integration into China’s development

Hong Kong Chief Executive John Lee Ka-chiu is placing high hopes on the city's 36 deputies sitting in the National People's Congress (NPC), the...

China’s GDP reaches $17.44 trillion, making it the world’s second-largest economy

China's economy remains strong despite facing pressures and challenges from a gloomy global outlook, slowing external demand, and a weak property sector. According to...

Macao businesses set to receive boost from new measures in Guangdong-Macao In-Depth Cooperation Zone

The Guangdong-Macao In-Depth Cooperation Zone in Hengqin has issued new measures to support the development of Macao-invested companies in the zone. The updated measures...

Tibet autonomous region implements new regulation to boost small and medium-size enterprises

According to the Department of Economy and Information Technology of the Tibet autonomous region, the region will implement a new regulation on promoting the...

China’s Canton Fair Returns With Expansion, Featuring Industrial Automation and Intelligent Manufacturing

After three years of the COVID-19 pandemic, the China Import and Export Fair, widely known as the Canton Fair, is set to resume physical...

Walmart China’s Fourth Quarter Growth Sparks Recovery of Consumer Goods and Retail Sectors

Industry insiders have pointed to Walmart China's strong fourth-quarter growth as a sign of a steady recovery for the fast-moving consumer goods and retail...

Shandong Port Group Accelerates Efforts to Build World-Class Port Through Digitalization and Innovation

Shandong Port Group, the world's largest port conglomerate by cargo capacity, is doubling down on its efforts to build a world-class port, as its...

Guangdong Encourages Overseas Chinese to Participate in Province’s High-Quality Development Efforts

Authorities in Guangdong are calling on overseas Chinese to participate in the province's efforts to achieve high-quality development. According to Huang Kunming, the Party...

China’s Economic Recovery Driven by Consumption and Real Estate

Indicators such as passenger and tourist volumes have seen improvement, although manufacturing sector activity remains sluggish due to tepid demand and export weakness. China's...

China’s Economic Recovery Expected to Slowly Rebound in 2023, Says Expert

China's economy is expected to rebound in 2023, with two key factors underpinning the country's economic recovery. Firstly, the optimization of COVID-19 management measures...

Foreign Companies See China as Crucial Locomotive for Global Economic Growth in 2023, AmCham South China Survey Shows

According to a recent survey, China remains an attractive destination for foreign investors, with over 90 percent of companies selecting it as one of...

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