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Credit Suisse dumped Evergrande exposure on risk fears
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Credit Suisse dumped Evergrande exposure on risk fears
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Chinese shipping stocks rally on rising rates, soaring exports
Shipping companies listed in Hong Kong and the Chinese mainland closed higher on Monday, as the industry is expected to remain promising during the second quarter due to rising global shipping rates and the country’s soaring exports.
COSCO Shipping Holdings Co gained 5.95 percent to HK$17.10 ($2.20), Orient Overseas (International) was up 4.03 percent to HK$124.00 and Shanghai-listed Ningbo Marine Co rose 3.92 percent to 5.30 yuan ($0.82).
Han Jun, an analyst with Beijing-based China Securities Co, noted in a research note on Sunday that shipping rates are rising all over the world, due to the lingering effect of the Suez Canal block.
SOURCE / ECONOMY
By Global Times Published: May 17, 2021 08:12 PM
A cargo ship of COSCO SHIPPING Lines transporting Italian products to Shanghai berths at the Port of Piraeus, Greece. (Photo by Lefteris Partsalis/Xinhua)
Shipping companies listed in Hong Kong and the Chinese mainland closed higher on Monday, as the industry is expected to remain promising during the second quarter due to rising global shipping rates and the country s soaring exports.
COSCO Shipping Holdings Co gained 5.95 percent to HK$17.10 ($2.20), Orient Overseas (International) was up 4.03 percent to HK$124.00 and Shanghai-listed Ningbo Marine Co rose 3.92 percent to 5.30 yuan ($0.82).
Han Jun, an analyst with Beijing-based China Securities Co, noted in a research note on Sunday that shipping rates are rising all over the world, due to the lingering effect of the Suez Canal block.
By Addison Gong
14 May 2021
In this round-up, China records the lowest population growth in decades, the pace of credit expansion moderates, and a surge in the country’s factory gate prices adds to global inflation concerns.
China’s population hit 1.412bn last year, up from 1.4bn in 2019 and an increase of 72.06m from 2010, according to the National Bureau of Statistics (NBS). The average annual growth rate was 0.53% for the past decade, slower than the 0.57% recorded for the 2000-2010 period. Those aged 60 or above made up 18.7% of the population, which was 5.44 percentage points higher compared to 2010. The male to female ratio was 51.24 to 48.76.
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