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The demand for gold in China, the world's largest consumer of this precious metal, is moving downwards, according to an analysis of China's foreign trade statistics for the first quarter conducted by the research agency GFMS. According to analyst Samson Lee, gold imports to China from Hong Kong and Switzerland in the first quarter grew by 14.2% year-on-year to 291.4 tons compared to the usual average growth of 85%. Import of gold to China from Hong Kong and Switzerland in March decreased by 27% to the minimum since 2012, the size of 99.1 tons. In GFMS it was calculated that from October 1, 2017 to March 31 this year, gold was imported to China by 20.1% less than a year ago.
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 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
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 ...
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