iShares Asia 50 ETF (AIA) rose approximately 17% over the past 30 days, driven primarily by strong performance in large-cap Asian equities from Taiwan, South Korea, Hong Kong, and Singapore. Over the past quarter, AIA advanced more than 20%, reflecting a sustained rally in the underlying index amid improving regional market sentiment.
China’s manufacturing activity contracted more than expected for in the month of May amid a bitter trade war with the U.S., Chinese government data showed on Friday.
The official manufacturing Purchasing Managers’ Index (PMI) for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. April’s reading was 50.1.
An economic slowdown and extremely tight credit conditions pushed corporate debt to a record high in China last year, according to experts.
Defaults for Chinese corporate bonds — issued in both U.S. dollars and the Chinese yuan — soared last year, according to numbers from two banks.READ MORE...
China's government on Monday accused the United States of trying to block its industrial development by alleging that Chinese mobile network gear poses a cybersecurity threat to countries rolling out new internet systems.READ MORE...
Even as Beijing pushes out new measures to stimulate its economy, China’s growth slowdown will make it harder for the country’s companies to pay their debts this year, ratings agencies say.
The Chinese government on Monday announced official GDP figures for last year that showed the world’s second-largest economy expanded at its slowest pace in nearly three decades.READ MORE...