Tag: jul 20 2021

Foreign investors grew their stakes in China by more than 40 percent over the past 12 months, a record rate of growth, and now hold more than $800 billion in Chinese assets, the Financial Times reported. Investors have snatched up $35.3 billion in Chinese equities this year as of 15 July, a 49-percent jump from...

China’s economy grew 12.7 percent during the first half of this year, including a 7.9-percent spurt during the second quarter, the National Bureau of Statistics said, producing value worth 53.2 trillion yuan, or about $8.2 trillion. “The growth shows that China’s economy has walked out of the impact of coronavirus and has already returned to...

The price of tin closed above $34,000 a ton last week, surpassing the old record price of $33,600 set in 2011 as recovery from the Great Recession was under way. Tin is a basic industrial metal used to make magnets, car parts, and electronics, among other things. It coats steel cans to retard corrosion and...

A majority of fund managers say the world economy’s post-crisis growth has already peaked, even though fears of a resurgent COVID virus only rank fifth on their list of worries, according to Bank of America’s July survey of 239 investors collectively handling $742 billion of clients’ money. The major concerns are inflation and the risk...

U.S. inflation sped up to 5.4 percent in June and reached 2.5 percent in the U.K, a pace not seen three in three years, the Financial Times reported, causing a growing number of economists to fear a return to 1970s-style runaway inflation. Inflation in Britain has mirrored that in the U.S. but with a few...