Should the US fail to raise the debt ceiling and default on its financial obligations, it would be the ultimate gift to China.
President Biden held talks on Tuesday with House Speaker Kevin McCarthy, yet after an hour, McCarthy said both sides remained far apart on reaching an agreement to lift the debt ceiling. However, he added: "It is possible to get a deal by the end of the week. It's not that difficult to get to an agreement." Biden has previously also stated he Read More
This week, the breakup of Chinese mega-conglomerate Alibaba marks the beginning of a series of enormous opportunities for global investors in China.
On Tuesday, the business empire – founded by Jack Ma – announced it is planning to be divided into six units and look into fundraisings or listings for the majority of them.
Alibaba is a multinational tech conglomerate operating several e-commerce, retail, and tech businesses, including payment systems, Read More
Although stock markets across the globe have been spooked over the recent protests in China against the government's zero-Covid policy, investors must be prepared for an imminent sharp rebound.
Thousands took to the streets after 10 people lost their lives in a fire in a high-rise block in Urumqi, western China, last Thursday. Many are of the opinion that the strict Covid restrictions contributed to the fatalities.
As Asia trade opened on Monday, the Hang Read More
Trade relations between the United States and China have just been given a considerable boost following last week’s agreement between the two nations which allows U.S. regulators to inspect the audits of Chinese firms whose stocks are traded on U.S. exchanges.
In a lengthy dispute, U.S. regulators had pledged to eliminate Chinese companies from U.S.-based stock exchanges if China doesn’t permit inspections.
To my mind, this tentative agreement is certainly positive news. Read More