Fitch Ratings on Thursday cut its 2021 economic growth forecast for China to 8.1% from 8.4%, citing the impact of the slowdown in the country’s property sector on domestic demand.
Monthly Archives For September 2021
China Stocks From Property to Tech Jump as Evergrande Hopes Rise
Beaten-down Chinese shares from property developers to tech giants and casinos advanced on Thursday amid hopes that China Evergrande Group is making progress in dealing with payment deadlines.
China Pumps $17 Billion into System Amid Evergrande Concerns
China’s central bank net-injected the most short-term liquidity in eight months into the financial system, with markets roiled by concerns over China Evergrande Group’s debt crisis.
Indonesia Finance Minister warns of ripple effect from China’s Evergrande debt woes
Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday, and warned that property firm China Evergrande’s debt woes could …
The Latest: Chinese city shuts down over new outbreak worry
China’s “zero tolerance” strategy of trying to isolate every case and stop transmission of the coronavirus has kept the country of 1.4 billion people largely free of the disease …
U.S. business optimism in China rebounds to pre-trade war levels -survey
U.S. companies’ optimism about business conditions in China has recovered to hit three-year highs even though the firms have reservations about Beijing’s COVID-19 policy, an annual survey showed on …
SoftBank-backed Oyo to file for $1 bln IPO next week – ET
SoftBank Group -backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering next week to raise around $1 billion, the Economic Times reported, citing …
China’s Post-Pandemic Growth: Deepening Reforms and Pursuing Rebalancing
Good morning—zao shang hao! I am delighted to join you again at this year’s Forum and would like to thank you for the opportunity to share a few thoughts on the outlook for the global…
Evergrande Group: It’s crunch time for China’s heavily indebted property giant
It’s crunch time for China’s heavily-indebted Evergrande Group.The sprawling Chinese real estate conglomerate faces a critical test on Thursday: can it meet its obligations to bondholders, or will it …
Developer Evergrande meets initial interest bill, as China’s central bank acts to soothe the market
China’s debt-laden property group Evergrande yesterday agreed to settle interest payments on a domestic bond, while the Chinese central bank injected cash into the banking system, temporarily soothing …
China Banks Downplay Risks After Evergrande Missed Loan Payments
A number of China’s publicly-traded banks rushed to assuage investors who are concerned about risks from the deepening crisis at China Evergrande Group.
Does China want to make Beijing the epicenter of sustainable finance?
The opportunity to have assigned an important agency would not only represent an important feather in the cap for the city of Beijing but also grant a major recognition to a country.
China to halt overseas coal finance, shift its influence to green and low carbon energy
China’s leader Xi Jinping says the economic powerhouse will stop funding coal plants overseas and shift its focus to green energy.
