What’s behind market volatility in China? March 23, 2022 | City Talk It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
Hong Kong developer swoops in with £96m steal for Vauxhall Square site March 16, 2022 Vauxhall Square in London has been sold by a Chinese developer for £96m, which is a reported discounted price of 42 per cent. A subsidiary of Hong Kong-based company the Far East Consortium International (FEC) swooped in for the 14m square-foot site, buying it off rival firm, Guangzhou-based R&F Properties, on the cheap. It was [...]
Chinese cities on lockdown as Covid-19 cases spiral and local stocks tumble March 14, 2022 As China battles its largest surge in Covid-19 cases since the beginning of the pandemic, Beijing has shuttered several cities including technology hub Shenzhen. It comes as Covid-19 cases in the country, which has adopted a controversial ‘Zero-Covid’ stance, tripled in just one day. With fresh restrictions also being blanketed across Shanghai, China’s CSI 300 [...]
UK-based Chinese companies suffered from global instability last year, new research shows February 25, 2022 Revenues generated by Chinese companies working in Britain have dropped by almost a third, due to global instability and the impacts of Covid-19, according to new research. Chinese companies employed 61,000 UK residents contributed £63bn to the British economy in 2021, according to new figures from the Tou Ying Tracker. The £63bn in revenues generated [...]
Blinken’s unmistakable warning to China: US will fight aggression and defend rules-based system February 11, 2022 America and its allies must stand up for a rules-based system threatened by Chinese aggression, US secretary of state Antony Blinken has warned although he stressed a confrontation with China is not inevitable. Blinken spoke shortly before a meeting with the foreign ministers of Australia, India and Japan in Melbourne. The four nations form the [...]
Outraged UK taken by surprise: China backs Argentina’s claim over Falklands with Argentina supporting Taiwan claim in return February 7, 2022 The UK responded with fury as the government was taken by surprise after Argentinian president Alberto Fernandez met with China’s President Xi on the fringes of the Beijing winter Olympics, and both countries moved to recognise two historical claims. The two leaders signed an agreement in which China reasserted its support for Argentina’s claim to [...]
Beijing retains ‘full emergency mode’ amid Covid concerns ahead of Winter Olympics January 22, 2022 China’s capital Beijing has urged its districts to maintain “full emergency mode” regarding Covid, less than a fortnight before the Winter Olympic Games begin. Cities across the country have introduced tougher Covid measures in recent weeks, in an attempt to control new outbreaks of the virus. In measures introduced earlier this month, travellers into Beijing [...]
Shipment delays for China to Europe routes soar as Omicron disruption anticipated to continue January 18, 2022 Shipment delays on China to Europe routes skyrocketed last year, with concerns that supply chain challenges could continue well into 2022. Data from supply chain visibility platform project44 found that delays on these key routes increased to 1.65 days in 2021, up 172 per cent compared to 2020. What’s more, the average 2021 shipment delays [...]
Winter Olympics: No general sale tickets for Beijing, say organisers January 17, 2022 The organisers of next month’s Winter Olympics in Beijing have withheld plans to sell tickets to the general public. While organisers had previously said there would be domestic access for fans, tickers are now set to be reserved for invited “groups of spectators” only. Beijing will become the first city to host both the Summer [...]
There are more Chinese agents like undercover spy Christine Lee as Communist party targets British MPs, Priti Patel warns January 14, 2022 There will be more Chinese spies that engage in “political interference activities” on behalf of the ruling communist party, Priti Patel has warned. The Home Secretary said the UK had “other adversaries” who would “look to interfere or come into our country in some shape and way” after it was revealed a senior Labour MP [...]