Carol Yang

1 week ago | scmp.com | Carol Yang

The volume of China’s export shipments of magnets to the US, a chokepoint in the ongoing trade war between the world’s two largest economies, plunged in volume by 93.3 per cent in May, year on year, according to the latest customs data. China exported around 46.4 tonnes of magnets to the US last month. It was also a sharp month-on-month decline of 81 per cent from 246.3 tonnes shipped in April.

1 week ago | scmp.com | Carol Yang

China has attracted a growing influx of capital from Middle Eastern investors seeking to diversify their US-heavy portfolios in recent months, but Beijing will need to further open up its financial markets to sustain the trend, analysts said. Beijing announced on Tuesday that China had recorded a US$33 billion net capital inflow from non-banking sectors and higher foreign holdings of Chinese equities in May – an acceleration from April’s US$17.3 billion inflow.

1 week ago | scmp.com | Carol Yang

As the United States scales back foreign aid and increases financial sanctions through long-arm jurisdiction, analysts said Beijing is strengthening its influence in international development finance and regional economic cooperation. Driven by rising geopolitical tensions and Russia’s strategic pivot to the East, they said the Shanghai Cooperation Organisation (SCO) Development Bank, which has been stalled for over a decade, was now closer than ever to becoming a reality.

1 week ago | scmp.com | Carol Yang |Ji Siqi

China’s economic data sent mixed signals in May, with US tariffs continuing to weigh on the country’s manufacturing and exports but domestic consumption picking up slightly in the run-up to a major online shopping festival. Retail sales, a gauge of consumption, rose by 6.4 per cent in May, compared with the 5.1 per cent growth observed in April, exceeding Wind’s 4.85 per cent estimate.

1 week ago | flipboard.com | Carol Yang |Ji Siqi

Happiness and Success in Life Come Down to Asking Yourself These Questions, Says Columbia PsychologistNext time you’re feeling frustrated or stuck in your business, ask yourself questions that begin with the word “what.” Here’s why that’s a powerful thing to do. What’s holding you back from living out your dreams and reaching your biggest goals in your career and life? The biggest obstacle for most …