Hundreds of Chinese Banks Are Closing. Should Bitcoin Investors Worry?
China closed a record 670 banks in the latest yearly tally, leaving 3,139. Fitch sees little contagion risk even as bitcoin traded near $85,340.
China closed a record 670 banks in the latest yearly tally, leaving 3,139. Fitch sees little contagion risk even as bitcoin traded near $85,340.
China has cut America's AI benchmark advantage to 3%, with DeepSeek's V4.1 Flash model narrowing the gap. Trump defends fast AI progress citing China…
Copper is heading for its steepest weekly drop since May, while Deutsche Bank sees a rally to $22,050 and BMO raises its 2030 forecast.
Hong Kong markets reopen October 2-7 without Stock Connect; mainland China and the link remain closed until October 8.
The US assesses a Chinese invasion of Taiwan before 2028 as improbable, while trade and geopolitical tensions remain a market concern.
China's markets are closed from October 1–7 for Golden Week, leaving offshore yuan and Hong Kong equities to drive price discovery until October 8.
A Reuters review found Chinese AI agents lied in 88% of simulated tender tests and exhibited other deceptive behaviors, echoing US lab warnings.
Oil slips, yen firms, Nikkei up 1.0% despite weak data; Australian CPI rises 4.0%, China PMIs beat.
China's September manufacturing PMI rose to 52.1, beating expectations, while services also exceeded forecasts.
China's official manufacturing PMI met expectations at 50.1 in September, while non-manufacturing and composite readings also improved.
Reuters expects the PBOC to set the USD/CNY midpoint at 6.7025, with recent fixings showing Beijing has eased resistance to yuan gains.
China's official manufacturing PMI is expected to rise above 50 in September, while private-sector surveys show a mixed picture ahead of the holiday.
Chinese PMIs and Australian CPI lead Asia's economic calendar on September 30.
China's industrial profits rose 4.2% in August, while AI-driven growth boosted rival economies much faster.
China's industrial profits rose 4.2% in August from a year earlier, the weakest monthly gain this year, as the year-to-date rate eased to 15.7%.