Latest news with #ChineseEconomy
Nikkei Asia
17-07-2025
- Business
- Nikkei Asia
The real risk to the Hong Kong dollar peg lies in Washington, not in markets
The Hong Kong dollar's peg to the U.S. dollar is embedded in the territory's financial infrastructure, underpinning its asset pricing, mortgage structures, bond market, and its international appeal as a stable financial center. © Reuters Diana Choyleva is founder and chief economist of Enodo Economics, a macroeconomic, political and geopolitical forecasting company in London focused on China and its global impact. She is also senior fellow on Chinese Economy at the Asia Society Policy Institute's Center for China Analysis. Speculation about the future of Hong Kong's currency peg has resurfaced, as the Hong Kong dollar recently pressed up against the strong end of its band to the U.S. dollar, prompting the Hong Kong Monetary Authority (HKMA) to intervene forcefully. While markets may be sniffing for signs of stress, the real question is not whether Hong Kong can maintain the peg -- but whether the United States might one day choose to undermine it.
Bloomberg
16-07-2025
- Business
- Bloomberg
Iron Ore Tops $100 for First Time Since May on China Sentiment
Iron ore rose above $100 a ton on improving sentiment over Chinese economic growth, and as Rio Tinto Group brought forward its timeline for the first shipment from a massive mine in Guinea. Futures were up more than 1%, heading into triple figures for the first time since May. The steel-making ingredient has recovered over the past few weeks as Chinese officials pledged to tackle excessive competition and outdated capacity, as well as deliver additional property-led policy measures.
Wall Street Journal
09-07-2025
- Business
- Wall Street Journal
China's Downward Price Pressures Stayed Elevated in June
China's deflationary pressures remained elevated in June, with factory-gate prices declining at the fastest pace in nearly two years amid heated price wars among Chinese businesses. The country's producer-price index fell 3.6% from a year earlier, widening from May's 3.3% decline and staying in negative territory for more than two years, data released by the National Bureau of Statistics showed Wednesday. A poll of economists by The Wall Street Journal had predicted a 3.3% drop.
South China Morning Post
07-07-2025
- Business
- South China Morning Post
Why Vietnam's US trade deal is a high-risk economic gamble
Just days before a sweeping 46 per cent US tariff on Vietnamese imports was set to take effect, Hanoi and Washington reached a surprise deal . Vietnam agreed to a tariff of 20 per cent on direct exports to the United States and 40 per cent on transshipped goods . In return for the reduced US tariffs, Vietnam grants zero-tariff access to American goods entering its market. Advertisement Presented as a pragmatic trade compromise, the deal's deeper significance lies in its geopolitical and structural dimensions. It underscores both Vietnam's urgency to safeguard US market access and a shifting – though still tentative – strategic alignment between Hanoi and Washington amid rising Chinese economic and military assertiveness. Vietnam has long benefited from preferential trade access to the US market, particularly during the first Trump term, when Chinese companies fleeing US tariffs relocated their manufacturing to Vietnam. But that advantage became a liability: last year, Vietnam's trade surplus with the US surged to US$123.5 billion – raising alarm in Washington over alleged transshipments and the back-door benefits to China. Back in office, US President Donald Trump has turned that imbalance into a political flashpoint. By agreeing to the tariffs, Vietnam has temporarily averted direct punitive measures. But in doing so, it has opened its market – completely and unconditionally – to US goods. Vietnam's decision to eliminate import duties on a broad swathe of American exports – from liquefied natural gas (LNG) and aircraft to semiconductors, pharmaceuticals, agriculture and even automobiles – represents a dramatic shift. For US exporters, it unlocks a US$100 billion consumer market in Southeast Asia with a rapidly expanding middle class. For Vietnamese producers, however, the competitive landscape just became significantly more challenging. Advertisement The impact is expected to be broad. In the LNG sector, with multiple terminals under development, Vietnam's energy diversification strategy could align with US suppliers such as Cheniere Energy, which are well-positioned to secure long-term contracts.
Yahoo
30-06-2025
- Business
- Yahoo
The 30-Year-Old Fund Manager Beating the Market with Blind Boxes and Anime Stocks
A 30-year-old Chinese fund manager is quietly outperforming nearly 2,300 peersby doing the opposite of what most expected. Xie Tianyuan, who took over the Penghua Selected Return Flexible Allocation Mixed Fund in early 2024, didn't waste time ditching old-school holdings like baijiu giant Kweichow Moutai. In their place? Stocks favored by China's Gen Z, like Pop Mart (PMRTY), Mao Geping Cosmetics, and Chongqing Baiya. His $7 million fund is up 24% this year, placing it in the top 3% of its class, per East Money data. Xie's bet? That cultural shifts and emotional spending habits could unlock non-linear growth in an economy otherwise stuck in low gear. Warning! GuruFocus has detected 5 Warning Sign with PMRTY. He's not just following trendshe's living them. A lifelong anime fan with a desk full of Dragon Ball Z figurines, Xie seems uniquely wired to spot the next viral IP brand before it hits mainstream radar. Pop Mart alone makes up 10.5% of his portfolio, the max allowed, driven by the breakout success of its Labubu blind-box dolls. Other picks tied to pet culture, cosmetics, and even yellow sparkling wine are benefiting from the same Gen Z-fueled demand. The strategy? Target companies with visually compelling products, unconventional sales channels, and brands that tug on consumer emotionnot just logic. Still, cracks may be forming. Pop Mart slipped after a state-run newspaper criticized blind-box products, and Laopu Goldup over 2,000% since IPOis facing pressure after its lock-up expired. Xie admits some names are pricing in 35 years of growth ahead of schedule. But he's not backing off. The gains may look incomprehensible to some people, he says, but it's actually all rooted in earnings. To him, the bigger story is just beginningwhere even legacy companies may be forced to reinvent themselves or risk getting left behind. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
