{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
China"s economy faces significant challenges, including the threat of a deflationary spiral and the implications of Donald Trump"s election in the US. As President Xi Jinping"s long-term growth goals become increasingly difficult to achieve, Beijing is implementing new strategies to revitalize the economy. The effectiveness of these plans remains uncertain as scrutiny of China"s economic statistics grows.
Chery has announced the development of a GWh-level all-solid-state battery production line in Wuhu, Anhui Province, in collaboration with Anhui Anwa New Energy Co., Ltd. The facility, which is part of a larger 5 GWh production plan, aims to produce batteries with energy densities starting at 280 Wh/kg, progressing to 400 Wh/kg and 500 Wh/kg in subsequent generations by 2027. This advancement could signal a significant shift in the electric vehicle battery landscape, promising safer and more environmentally friendly options.
Morgan Stanley"s chief global economist warns that proposed tariffs by Donald Trump could significantly hinder U.S. economic growth into 2026, leading to higher inflation. If implemented swiftly, these tariffs may create a "big negative shock" to the economy, affecting various sectors, including automobiles and consumer electronics. The potential impact on inflation could also eliminate interest rate cuts for 2025, further restraining growth.
The return of Donald Trump as US President is boosting the American economy, making both the US and China attractive for global diversification. US equity funds have shown impressive returns of 33.9% and 12.3% CAGR over one and three years, respectively, while China-focused funds lag with 15.2% and -6.0%. Experts suggest that the intensifying competition between these two economies necessitates a reevaluation of investment strategies.
Chinese mutual fund houses are reducing fees on their exchange-traded funds in response to government initiatives aimed at bolstering the $10 trillion stock market. Major firms like China Asset Management Co. and E Fund Management Co. have cut management fees to 0.15% from approximately 0.5%, while custodian fees will be halved to 0.05%.
Japan"s exports surged in October, driven by increased demand for chip equipment from China. However, concerns linger over potential U.S. protectionist trade policies that could impact future shipments.
China maintained its benchmark lending rates during the monthly fixing on Wednesday. This decision follows a significant reduction in rates by lenders last month, aimed at stimulating economic activity.
Qinghai Lihao Semiconductor Material Co., a Chinese supplier of solar-energy materials, is reportedly planning a Hong Kong initial public offering in the second half of 2025. The IPO, backed by IDG Capital, could raise approximately 1 billion yuan ($138 million), though details are still being finalized.
China"s central bank has maintained its benchmark lending rates, with the 1-year loan prime rate at 3.1% and the 5-year rate at 3.6%, as it evaluates the impact of recent stimulus measures amid a sluggish economy. Despite a recent cut in rates, economic indicators show weak industrial production and a steep decline in real estate investment, although retail sales have shown some improvement. Analysts predict continued slow growth, with Morgan Stanley forecasting around 4% growth for the next two years, while Goldman Sachs anticipates a slight deceleration in GDP growth to 4.5% by 2025.
Chinese banks have maintained their benchmark lending rates after a significant reduction last month. The one-year loan prime rate remains at 3.10%, while the five-year rate is steady at 3.60%, as confirmed by the People"s Bank of China. This decision aligns with economists" expectations.
Chinese Yuan
Currency
Chinese Yuan
United States Dollar
CBS
Yahoo
Bloomberg
CHN
Xi Jinping
Joe Leahy
Donald Trump
Michela Tindera
Show more
06:00 20.11.2024
05:57 20.11.2024
Chinese Yuan
United States Dollar
Tesla, Inc.
Apple Inc.
Microsoft Corporation
USA
Seth Carpenter
Mark Malek
Ben Emons
Sri Jegarajah
Joe Biden
Show more
04:13 20.11.2024
03:29 20.11.2024
03:27 20.11.2024
03:06 20.11.2024
02:42 20.11.2024
02:24 20.11.2024
Chinese Yuan
United States Dollar
JLL
Morgan Stanley
The Goldman Sachs Group, Inc.
CHN
Bruce Pang
Donald Trump
Pan Gongsheng
Show more
02:15 20.11.2024
02:04 20.11.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Hedge Funds & Private Equity
Cryptocurrency Regulations
Inflation Rates & CPI Data
Market Analysis and Predictions
Anti-Money Laundering (AML) Regulations
Banking Regulations
Cryptocurrency & Blockchain Regulations
Tokenomics and Crypto Economics
Employment Reports
Banking & Investment Regulations
ESG & Sustainable Finance Regulations
Bond Market & Treasury Yields
Mergers & Acquisitions
Community Building in Blockchain Gaming
Countries:
Companies:
Currencies:
People:
Apple Inc.
JPMorgan Chase & Co.
Bank of America Corporation
Kraken Energy Corp.
The Goldman Sachs Group, Inc.
Solana USD
NVIDIA Corporation
Citigroup Inc.
Morgan Stanley
Coinbase Global, Inc.
Bitwise Bitcoin ETF
Ripples USD
Grayscale Bitcoin Trust ETF
Novartis AG
BlackRock, Inc.
Credit Suisse Real Estate Fund Siat
Santiment Network Token USD
BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
Ethereum USD
Ripple USD USD
United States Dollar
Japanese Yen
Swiss Franc
Euro
Indian Rupee
Chinese Yuan
British Pound Sterling
Philippine Peso
Malagasy Ariary
Singapore Dollar
Australian Dollar
Hong Kong Dollar
Armenian Dram
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.