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China says its economy grew 4.9% in the third quarter

[CNBC, REUTERS] China’s economy recovered further from the coronavirus in the third quarter, according to data released Monday by the National Bureau of Statistics.The world’s second-largest economy reported third-quarter GDP growth on the low end of expectations, up 4.9% from a year ago. That brings growth for the first three quarters of the year to […]

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China is snapping up Japanese government bonds, and it’s not just for the returns

[CNBC, GETTY IMAGES] China bought 1.46 trillion yen ($13.8 billion) in medium to long-term Japanese government bonds on a net basis between April and July. That was 3.6 times more than the same period last year.In the same period, the U.S. increased its purchases by only 30%, in comparison. Europe, meanwhile, sold off 3 trillion […]

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Wuhan hosts massive water park party as coronavirus concerns recede

[CNN] It was ground zero in the coronavirus pandemic and underwent the world’s first — and arguably strictest — lockdown. Now, the central Chinese city of Wuhan appears to have moved on from the virus, as thousands of revelers gathered in an open air water park for an electronic music festival — without any masks or social distancing measures in sight. […]

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Chinese-owned companies received millions in PPP loans

[FOX NEWS] At least 125 companies that Chinese entities own or invest in received PPP loans Sen. Kevin Cramer, R-N.D., calls for national energy policy that is consistent with national security and discusses legislation to streamline PPP loan forgiveness for small businesses. Millions of dollars in taxpayer money flowed to Chinese companies through the $670 […]

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The bubonic plague is back again in China’s Inner Mongolia

[CNN] Authorities in the Chinese region of Inner Mongolia are on high alert after a suspected case of bubonic plague, the disease that caused the Black Death pandemic, was reported Sunday. The case was discovered in the city of Bayannur, located northwest of Beijing, according to state-run Xinhua news agency. A hospital alerted municipal authorities of […]

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US Dollar, Nasdaq, Chinese Yuan React to Trump-China Presser

[DailyFX] President Trump Press Conference on Rising China Tension Weighs on US Dollar, Nasdaq, Yuan President Trump formally announces the United States will revoke Hong Kong’s preferential treatment amid escalating China tensionUS Dollar drifted lower as the Chinese Yuan rebounded and pushed USD/CNH price action 300-pips lower from intraday highs despite Trump’s harsh remarks directed at BeijingNasdaq Index and […]

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China’s Young Struggle for Jobs in the Post-Outbreak Era

[The New York Times, Getty Images] Finding work for a generation has become a major priority for the country’s leaders, who have promised a better life in exchange for a lack of political freedom. Before China can fully recover from the devastation of the coronavirus outbreak, it needs to find people like Huang Bing a job. […]

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