「經典主題曲」難兄難弟https://www.youtube.com/watch?v=1fNAgI0U0S0
More than 600 brands have withdrawn from Russia. How are Russians coping? ~ 12 Apr 2022
https://www.youtube.com/watch?v=MTiVW222NXs
China's March trade growth likely slowed due to virus curbs, Ukraine war - Reuters poll ~ 12 Apr 2022
https://money.usnews.com/investing/news/articles/2022-04-12/chinas-march-trade-growth-likely-slowed-due-to-virus-curbs-ukraine-war-reuters-poll
- China's export growth likely slowed in March as the Ukraine war inhibited global demand, while imports probably eased amid signs that widespread anti-COVID lockdowns have weakened domestic consumption, a Reuters poll showed on Tuesday (Apr 12).
- Exports likely rose 13% in March versus a year earlier, compared with 16.3% year-on-year growth for the January-February period, according to a median forecast in a Reuters poll of 19 economists.
Panic selling of Chinese bonds by foreign investors ~ 9 Apr 2022
https://theprint.in/world/panic-selling-of-chinese-bonds-by-foreign-investors/909766/
- Foreign investors reduced their holdings of Chinese bonds by more than USD 15 billion in March, a record high and the largest withdrawal from China in a single month. It was the second month in a row that foreign investors sold Chinese bonds. Massive outflows from China will continue in April, based on data collected by market research, the Wall Street Journal reported on Friday (8 Apr).
- According to the report, analysts believe that possible factors for investors to sell include concerns about the geopolitical risks of investing in China, broader economic uncertainty, and China’s market yield advantage over the US bonds is waning. International investors also pulled more than US$7 billion from onshore Chinese equities through the Hong Kong market in March.
China's Caixin Manufacturing PMI drops to 48.1 in March, quickest decline since February 2020 ~ 1 Apr 2022
https://www.globaltimes.cn/page/202204/1257384.shtml
- China's private Caixin Manufacturing Purchasing Managers' Index (PMI) dropped to 48.1 in March from 50.4 in February, which is the quickest decline seen since February 2020, signaling a dampened manufacturing performance due to the latest domestic COVID-19 flare-ups.
- According to the report released by Caixin, the drop further signaled a deterioration in business conditions, with the fall in production at Chinese manufacturing firms with the rate of contraction being the steepest seen in 25 months.
US FCC adds Russia's Kaspersky, China telecom firms to national security threat list ~ 26 Mar 2022
https://economictimes.indiatimes.com/tech/technology/us-fcc-adds-russias-kaspersky-china-telecom-firms-to-national-security-threat-list/articleshow/90453570.cms
- FCC Commissioner Brendan Carr said the new designations "will help secure our networks from threats posed by Chinese and Russian state-backed entities seeking to engage in espionage and otherwise harm America's interests."
China sees' unprecedented 'outflow of capital since the war ~ 24 Mar 2022
https://www.infobae.com/en/2022/03/24/china-sees-unprecedented-outflow-of-capital-since-the-war/
- China has seen investors take money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging markets, according to the Institute of International Finance (IIF).
China faces losing its business investment in Ukraine which was destroyed by Russian bombs ~ 23 Mar 2022
https://www.youtube.com/watch?v=CmWesg9SqjM
- The Russian-Ukraine war has also influenced Chinese traders by causing supply chain disruptions and affecting Chinese investments in Ukraine.
- "Looks good on them. Support the guys who are blowing your installations to hell. Brilliant."
The sanction-fueled destruction of the Russian aviation industry ~ 23 Mar 2022
https://www.youtube.com/watch?v=SrTrpwzVt4g
S&P Global to withdraw all outstanding ratings on Russian entities ~ 21 Mar 2022
https://www.investing.com/news/stock-market-news/sp-global-to-withdraw-all-outstanding-ratings-on-russian-entities-2788881
- S&P Global Ratings, a unit of financial information provider S&P Global Inc, said on Monday (Mar 21) it will withdraw ratings for all Russian entities before April 15.
Russia-China trade stifled by yuan's surge against ruble ~ 3 Mar 2022
https://www.theedgemarkets.com/article/russiachina-trade-stifled-yuans-surge-against-ruble
- The yuan hit a record high against the ruble this week -- surging by as much as 25% on Tuesday (Mar 2) alone -- as sanctions were levied against the Russian central bank. Some Chinese banks have suspended trading of the currency pair, with signs of distress showing up in the widest ever bid-ask spread.
- The sudden spike, and how it has put off currency trades, raises questions over the strategic relationship between both countries as Russia’s ties with global markets get cut off one by one. Total bilateral trade between the two countries was valued at US$112 billion in 2020.
- The PBOC also has a multi-billion dollar currency swap (¥150 billion vs $1,750 billion in ruble) with Russia’s central bank, allowing the two nations to provide liquidity to businesses to continue trading.
- The PBOC could offer a swap or exchange dollar reserves for Russia’s gold reserve, according to Capital Economics, though any dollar assets newly acquired by Russia’s central bank would still be sanctioned.
Putin and Xi’s ‘no limits’ friendship is put to the test in Ukraine ~ 25 Feb 2022
https://fortune.com/2022/02/25/ukraine-invasion-china-xi-jinping-russia-vladimir-putin-relationship-foreign-policy/
- On Feb. 4, Chinese President Xi Jinping welcomed his Russian counterpart, Vladimir Putin, to Beijing’s Diaoyutai State Guesthouse with great fanfare. The two leaders inked a flurry of trade and energy deals, lunched together, and posed for photos before their nations’ flags.
- In the evening, Xi feted the Russian leader as his guest of honor at the opening ceremony of the 2022 Winter Olympic Games. A sweeping joint statement issued at the end of the summit proclaimed that the friendship between Russia and China “has no limits.”
‘No Wavering’: After turning to Putin, Xi faces hard wartime choices for China ~ 7 Mar 2022
https://www.nytimes.com/2022/03/07/world/asia/putin-ukraine-china-xi.html
- “He’s damned if he did know, and damned if he didn’t,” Paul Haenle, a former director for China on the National Security Council, said of whether Mr. Xi had been aware of Russia’s plans to invade. “If he did know and he didn’t tell people, he’s complicit; if he wasn’t told by Putin, it’s an affront.”
Why China has a complex position on the Russia-Ukraine conflict ~ 28 Feb 2022
https://www.trtworld.com/magazine/why-china-has-a-complex-position-on-the-russia-ukraine-conflict-55160
- China abstains from a UN vote as representatives attend a UN Security Council meeting on Russian invasion of Ukraine, Feb. 25, 2022.
The United States spoke about the joint statement of Putin and Xi Jinping ~ 4 Feb 2022
https://pledgetimes.com/the-united-states-spoke-about-the-joint-statement-of-putin-and-xi-jinping/
- President Vladimir V. Putin of Russia with China’s leader, Xi Jinping, in Beijing on Feb. 4. In a joint statement, the leaders had vowed that their countries’ friendship had “no limits.”
