Earnings from Chinese e-commerce giants JD.com and Alibaba have also indicated that consumers remain conservative about spending.
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
China’s reopening will boost demand for commodities more significantly than it did after the 2008 financial crisis, says Andrew Forrest, executive chairman of Fortescue.
Asia, especially China, is an area of certainty amid global uncertainty, according to an annual economic outlook report released at the Boao Forum in Hainan.
Debt-heavy local governments in China need new ways to raise money under a central regime keen on reducing financial risks.
Beijing sought to position itself as a peace broker between Russia and Ukraine and issued a 12-point peace plan in February.
The city’s digital asset push stands in contrast with the mainland, where Beijing has effectively banned trading and stamped out crypto-related activities.
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.
China is the global leader in renewable energy expansion, adding new projects to the grid almost as fast as the rest of the world combined in 2022.
The West needs to be vigilant when it comes to potential support for Russia from China, Europe’s top diplomat said.
The Chinese government is widely expected to announce on Sunday a GDP growth target of around or above 5% for the year.
Online sales remained weak this year through early February, Alibaba CEO Daniel Zhang said during a quarterly earnings call.