SenseTime Group Ltd. has raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence […]
Chinese President Xi Jinping pledged on Tuesday (Apr 10) to lower car tariffs this year and take other steps to further open the world’s number two economy, indirectly addressing major […]
The US trade deficit in February 2018 increased to US$ 57.6 billion according to the Commerce Department. The US trade gap in 2017 was US$ 566 billion. Economic logic would […]
China is evaluating the potential impact of a gradual yuan depreciation, people familiar with the matter said, as the country’s leaders weigh their options in a trade spat with U.S. […]
U.S. West Texas Intermediate and international Brent crude oil finished lower last, weakened by concerns over rising U.S. production, but ultimately driven lower by worries over the impact of the […]
The geopolitical tension between Saudi Arabia and Iran is reflected in the oil market and has repercussions on China, which imports about 16% of its oil from Saudi Arabia. It remains to be seen how Saudi oil sales to China will be handled. Oil futures in yuan will be in direct competition with oil futures in US dollars when it is a question of oil destined for China.
US debt is now at 21.6 trillion with a foreseeable budget deficit of around 650 billion. Add to that a negative trade balance of 798 billion, of which 376 billion is with China alone (US Debt Clock). It would be counterproductive for the Chinese to bring about a rapid depreciation of the dollar as they would be damaging themselves.
Chinese producer price inflation decreased to the weakest level since late 2016 in December, while the consumer price expansion was mostly stable, removing pressure from the PBoC to constrain inflation even, as it hikes interest rates to curb the debt increase.
