5 d. ago Why China’s yuan is forecast to keep strengthening against the US dollar

Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US dollar amid a stronger-than-expected domestic economy and growing concerns over US debt sustainability. On Tuesday, the People’s Bank of China set its daily reference rate at 7.1534 per US dollar – strengthening from Monday’s 7.1656, and the strongest level since early November. In June, the onshore yuan appreciated by 0.41 per cent against the greenback, bringing...

Politics

6 d. ago Japanese Yen and Aussie Dollar Forecasts: Trade News, China PMIs, and the Fed in Focus

Japanese Yen and Aussie Dollar Forecasts: Trade News, China PMIs, and the Fed in Focus  FXEmpire

Politics

1 week ago Six Dead in Destructive China Floods as More Heavy Rain Forecast

Six Dead in Destructive China Floods as More Heavy Rain Forecast  Bloomberg.com

Events

1 week ago China’s AI capital spending set to reach up to US$98 billion in 2025: BofA

Capital expenditure on artificial intelligence (AI) in China is forecast to reach 600 billion yuan to 700 billion yuan (US$84 billion to US$98 billion) this year, according to a Bank of America (BofA) report, as the mainland and the United States race for primacy in the vital technology. That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials,...

Economics

1 week ago China Hongqiao shares hit record high on upbeat profit forecast

China Hongqiao shares hit record high on upbeat profit forecast  Investing.com

Events

2 w. ago China’s robotics market set to double in four years: Morgan Stanley

China’s robotics market is set to grow at an annual rate of 23 per cent to US$108 billion by 2028 from US$47 billion in 2024, solidifying the country’s dominant position in the fast-developing sector, according to a research note published by Morgan Stanley on Monday. China’s share of the global robotics market was about 40 per cent last year, according to the report by Hong Kong-based analysts Sheng Zhong and Chelsea Wang. A specific forecast for China’s market share by 2028 was not...

Politics

3 w. ago Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says

Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says  Fortune

Economics

3 w. ago Nvidia to exclude China from its revenue and profit forecasts

Nvidia to exclude China from its revenue and profit forecasts  TechCrunch

Politics

3 w. ago Nvidia to exclude China from forecasts amid US chip export controls

Nvidia to exclude China from forecasts amid US chip export controls  South China Morning Post

Politics

3 w. ago Nvidia to stop including China in forecasts amid US chip export controls, CNN reports

Nvidia to stop including China in forecasts amid US chip export controls, CNN reports  Reuters

Politics

3 w. ago Nvidia will stop including China in its forecasts amid US chip export controls, CEO says

Nvidia will stop including China in its forecasts amid US chip export controls, CEO says  CNN

Politics

3 w. ago Too Ambitious? China’s Guowang Constellation off to a Slow Start

Too Ambitious? China’s Guowang Constellation off to a Slow Start  Forecast International

Politics

4 w. ago 8 million Chinese viewers moved by boy, 6, who operates crane for acrobat parents

Massive numbers of people across China have watched in amazement as a thoughtful six-year-old boy operates a crane that is integral to an acrobatic show his parents perform. Xie Yule expertly worked the machine that held his parents in the air to perform in a town in eastern China’s Anhui province on a rainy evening ahead of Children’s Day. As rain fell heavily, the diminutive Xie stood on a stool as his hand never left the crane’s control panel, his eyes locked on his parents. His father, Xie...

Politics

4 w. ago China forecasters ask deities for no rain on Children’s Day for kids to play outside

A special notice issued by meteorologists in China has amused internet users after it ordered deities to ensure good weather so that kids could enjoy Children’s Day. On May 31, the Shenzhen Meteorology Bureau in the south of the country released a short video on its social media account with the caption “a notice that it must not rain on June 1”. Children’s Day falls on June 1 each year, and China observes the event by allowing youngsters to play instead of studying on that day. In the clip, an...

Politics