Visitors attend the China Import and Export Fair, also known as Canton Fair, in Guangzhou, Guangdong province, China April 15, 2023. REUTERS/Ellen ZhangVisitors attend the China Import and Export Fair, also known as Canton Fair, in Guangzhou, Guangdong province, China April 15, 2023. REUTERS/Ellen Zhang
But the market reaction was fairly muted and the yuan was little changed. That’s perhaps a sign traders are worrying this could be a one-off and are bracing for more subdued data for the rest of the year.US law enforcement officials on Monday arrested two New York residents for allegedly operating a Chinese “secret police station” in Manhattan’s Chinatown, part of a crackdown on Beijing’s alleged targeting of US-based dissidents.
JPMorgan, Citigroup and Wells Fargo have all beaten Wall Street forecasts but State Street tumbled more than 9% overnight after fee income fell.