CNBC’s The China Connection newsletter: Beijing gears up for a big strategy meeting as tensions with Washington deepen
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe
In the markets
China’s stock market traded higher on Wednesday after U.S. Federal Reserve Chair Jerome Powell provided a few hints that more interest rate cuts are in the cards.
The Hang Seng Index rose 1.94%, while the CSI 300 added 1.47%. Both indexes have added 29% and around 17% respectively. Yields on China’s 10-year government bond lost around one basis point to 1.757%.
The performance of the Shanghai Composite over the past year.
— Lee Ying Shan
Coming up
Oct. 16: Alibaba’s Tmall holds Singles Day shopping festival press conference in Shanghai
Oct. 17: Apple opens iPhone Air reservations in mainland China, with sales to begin Oct. 22
Oct. 17 – 19: GT World Challenge Asia holds racing series in Beijing for the first time as China seeks to build up locally hosted sports events
Oct. 20: China to release Q3 GDP, retail sales and other economic data for September
Oct. 20 – 23: China to hold ‘Fourth Plenum’ to discuss development goals for the upcoming five years
