Technical foul: Chinese traders in online sneaker market punish NBA after HK controversy

BEIJING (Reuters) – On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA’s Houston Rockets tweeted support for the protests in Hong Kong. The trader posted about the fall – which he told Reuters was more than […]

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China outstanding total social financing rises 10.8% y/y at end-Sept

BEIJING, Oct 15 (Reuters) – China’s outstanding total social financing (TSF) was 219.04 trillion yuan ($30.96 trillion) at the end of September, up 10.8% from a year earlier, the central bank said on Tuesday. TSF includes off-balance-sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales. […]

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China Sept PPI falls 1.2% y/y, CPI rises 3%

BEIJING, Oct 15 (Reuters) – China’s factory gate prices in September fell 1.2% from a year earlier, data from the National Bureau of Statistics showed on Tuesday, marking the third straight month of contraction as the economy was buffeted by slowing demand and a trade war. It was the steepest year-on-year contraction since July 2016, when it fell 1.7%, and […]

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China September exports, imports in deeper contraction as tariffs take toll

BEIJING (Reuters) – A slide in China’s exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on. Analysts say it could take time for Chinese exports to recover given slowing global growth, despite tentative signs […]

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Asia markets trade higher as investor sentiment improve on partial US-China trade deal

Asia Pacific markets rose on Monday as investor sentiment improved following last week's high-level trade negotiations between the United States and China. U.S. Treasury Secretary Steven Mnuchin said last Friday tariffs on $250 billion worth of Chinese imports that were set to rise from 25% to 30% on Oct. 15 will not go into effect. Markets in Japan are closed […]

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Ben Shapiro: China vs. the NBA – League's social activism has a price (and now we know what it is)

NBA rejects criticism it is caving to China following tweet-induced controversy Victims of Communism Executive Director Marion Smith says we see time and time again bending to the power and money that Beijing has. In recent years, the NBA has become famously political. During the heyday of the Black Lives Matter movement, the NBA permitted players to wear slogan-printed T-shirts […]

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