Chinese

Chinese Bank Hit Hard in 80% Profit Drop Due to Commercial Property: HSBC’s Struggles in China, Explained

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LONDON – HSBC, a UK-based banking conglomerate that primarily operates in Asia, saw an 80% drop in pre-tax profits in the last three months of 2023. This significant decline was attributed to a $3 billion charge on the value of its stake in a Chinese bank and further write-downs on commercial real estate. The bank’s profits for the fourth quarter shrank to $1 billion from $5 billion the previous year. While the full-year pre-tax profits …

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“Orgasm” – A Chinese Medicine Expert Shares How Often You Should Have Sex for Good Health Based on Your Age!

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New York, NY – Can frequent sexual activity actually help keep diseases at bay? According to a Chinese medicine expert, regular sex is considered essential for good health. Nina Cheng, with a large following on TikTok, recently shared insights based on a 2,000-year-old sexology text called “Su Nu Jing” that outlines how often individuals should engage in sexual activity based on their age. Cheng revealed that people in their 20s should aim to have sex …

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Chinese Stocks Rally After Policymakers Implement Measures to Restore Investor Confidence – Asia Stocks Weaken

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SHANGHAI, China – Chinese shares saw a surge, diverging from the broader weakness in Asia following a tech-led decline on Wall Street. The rally came after policymakers implemented measures to revive investor confidence, with the CSI 300 Index of mainland shares rising 1.8% and a gauge of Hong Kong-listed Chinese firms jumping as much as 3.8%. Property stocks saw significant gains in response to increased funding help from banks for the troubled sector, and a …

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Stock Market Today: Chinese Stocks Fall and Markets Disappoint on Return – Full Updates Inside!

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Investors are closely monitoring the stock market today as Chinese markets reopened after the Lunar New Year. On Friday, world shares were mixed, with Chinese stocks falling amid disappointment upon return from the holiday. The city of Shanghai saw a drop in its stock market, following a rate cut that left traders unbothered. The performance of Chinese stocks is of particular interest to investors, as they continue to navigate the impact of the Lunar New …

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Indian Rupee, Chinese Yuan and Korean Won Stand to Benefit from Fed Interest Rate Decisions – Experts Weigh In

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BANGKOK, Thailand – The partial closure of the federal government has shifted the likelihood of reducing interest rates by summer 2024. Investors appear to be hopeful, particularly as it applies to the potential benefit for other currencies such as the Chinese yuan, the Korean won, and the Indian rupee. The Chinese yuan, in particular, is expected to avoid further depreciation, as Chinese officials are contemplating using fiscal stimulus and credit growth to remedy the country’s …

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**Speeding**: The Chinese Automakers That Are Accelerating Past the Competition in Europe and the U.S.

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COPENHAGEN, Denmark – When Sjoerd Janssen went car shopping in Denmark, he had his sights set on an electric vehicle, a decision fueled by both environmental concerns and the availability of government subsidies for those willing to make the switch from gas-powered to electric cars. An IT manager by profession, Janssen needed a vehicle for daily commuting as well as for family road trips, leading him to explore options like Tesla, Nissan, and Volvo. However, …

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Volkswagen Forced Labor Scandal Revealed: Thousands of Cars Impounded Over Chinese Subcomponent – Unlock the Editor’s Digest for free

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Detroit, Michigan – Thousands of luxury cars from Porsche, Bentley, and Audi have been seized at U.S. ports due to a component found in the vehicles that violated anti-forced labor laws. The supplier to the parent group, Volkswagen, discovered that the component was of Chinese origin, prompting the carmaker to delay the delivery of the vehicles until at least the end of March. The electronic component, sourced from “western China,” was not known to VW, …

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Lunar New Year Migration Crisis: Unemployed Chinese Avoiding Family Reunion?

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SHENZHEN, China – As the Chinese New Year approaches, many young people in China are rethinking their plans to travel home for the annual festival. The Lunar New Year is typically a time when millions of internal migrants make the journey to be with their families. However, this year, economic challenges and social pressures are causing some to reconsider. For Yuwen, a 33-year-old who has been unemployed for over six months, the thought of facing …

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Unemployment: Young Chinese Avoiding Homecoming for World’s Largest Spring Festival Rush

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BEIJING, China – As the Chinese New Year approaches, millions of internal migrants in China are facing a difficult decision – whether or not to make the annual journey home. This time-honored tradition, known as “chunyun,” is the world’s largest annual mass migration, drawing nearly 380 million people back to their hometowns for the Lunar New Year. For many of these migrants, the decision to return home is fraught with anxiety and pressure. Unemployment, economic …

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Bitcoin Surges Past $46,000 as Chinese New Year Boosts Cryptocurrency Luck

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Beijing, China – Bitcoin (BTC) surged past $46,000 on Friday, marking a one-month high as East Asia entered into its most significant festival of the year. The CoinDesk 20 Index, which measures the largest cryptocurrencies, saw an increase of over 2%. The surge in Bitcoin’s value coincides with the beginning of the Chinese New Year, a time believed to bring luck according to the Chinese Zodiac. In Mandarin Chinese, the word for dragon sounds similar …

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