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The negative current account deficit of China in the first half of the year amounted to 28 billion 300 million dollars, according to the data of the State Administration of Foreign Exchange of the PRC. The semi-annual deficit was recorded in China for the first time since 1998 due to the continued strong demand for foreign services, Caixin reports. The deficit in the service trade in in the first half of the year amounted to 147 billion 300 million dollars, the reason for which was also a significant increase in outbound tourism. It is noted that the size of the current account surplus decreased in 2017 to 1.3% of GDP from 9.9% of GDP in 2007.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy