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South China Morning Post - Global Economy

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People across China are buying up gold in large volumes ahead of the Lunar New Year holiday, as surging prices for the precious metal fuel its popularity as both a festive gift and an investment. From migrant workers splashing out on gold-coated jewellery, to white-collar workers pouring their savings into gold-linked investment funds, the metal is widely seen not only as a mark...


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In January, James Zimmerman returned to the American Chamber of Commerce in China (AmCham China) as its chairman. He previously served in that role for four one-year terms in 2007, 2008, 2015 and 2016. A lawyer by training and a resident of China for 28 years, Zimmerman has witnessed the rise of the world’s second-largest economy, the challenges it has faced and the attendant ch...


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A Netherlands court has upheld the suspension of Zhang Xuezheng, former CEO of Dutch chipmaker Nexperia, and ordered an investigation into the company’s governance – another setback for Chinese parent company Wingtech. “The Enterprise Chamber … acknowledges that Nexperia faced complex dilemmas due to geopolitical developments. However, this does not mean that an investigation sh...


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As the global financial landscape shifts and policy uncertainty grows in the United States, China is likely to emerge as an increasingly attractive destination for foreign investors seeking to diversify away from dollar-denominated assets, according to a veteran Singaporean investor. US President Donald Trump’s push for a weaker dollar, together with recent volatility in gold, s...


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China’s central bank set the yuan’s daily fixing rate at its strongest level since mid-2023 on Wednesday, as the Chinese currency extended gains with investors increasingly rotating out of US dollar assets amid concerns over the Federal Reserve’s independence and US debt sustainability. The People’s Bank of China set the yuan’s midpoint rate – also known as the daily fixing rate...


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