China's economic growth slowed unexpectedly in the three months ended December, figures from the National Bureau of Statistics showed Tuesday. Gross domestic product grew 6.8 percent year-over-year in the fourth quarter, slower than the 6.9 percent climb in the third quarter. Economists had expected the growth to remain stable at 6.9 percent. more...
ECB, BoC, China, Risk Off, USD Decouple "Further tightening of global financial conditions seems therefore inevitable, leaving risk-correlated and commodity currencies vulnerable while supporting safe haven currencies like JPY and EUR.""The GBP decoupling trade has imploded under the weight of Brexit fears and concerns about the USD decoupling trade are starting to mount.""We remain cautious on risk-correlated currencies and think ...
Home prices in majority of the Chinese cities increased in November, figures from the National Bureau of Statistics showed Friday. more...
The detention of “kamikaze” Chinese hedge fund manager Xu Xiang for alleged insider trading on Sunday after a dramatic manhunt was front-page news, but to industry insiders it was the chronicle of a downfall foretold. Renowned as the “captain” of the “Limit-up Kamikaze Squad”, a loose-knit group of fund managers centred around the port city of Ningbo, Mr Xu favoured bets that were big, bold and bountiful. The squad’s nickname salutes its ...
Kingsoft Cloud has reached a deal with HP to provide medical, banking, and gaming industry customers with platform and application services based on private and mixed clouds. As both companies have private cloud businesses in China, Zhang Hongjiang, chief executive officer of Kingsoft, said HP has a deep understanding of the Chinese market. When launching cloud services in the country, HP needs a better Chinese partner though, ...
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