China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading and …
Monthly Archives For July 2023
China’s floundering economy is a test for Xi Jinping
They showed that the economy grew by 6.3% in the second quarter compared with a year earlier. That looks impressive. But it was slower than expected. And the figure was flattered by a low base…
Morning Bid: Global market outlook bright but China’s clouds darken
Data on Monday showed that the world’s second largest economy grew at a frail pace in the second quarter while China’s Evergrande Group (3333.HK), the world’s most indebted property developer, said it …
S. Korea’s finance chief meets U.S., Chinese counterparts to discuss economic ties
Finance Minister Choo Kyung-ho held separate talks with U.S. Treasury Secretary Janet Yellen and China’s finance chief, Liu Kun, on Monday in Gandhinagar, India, on the sidelines of the G20 Finance …
Analysis: Will China ever get rich? A new era of much slower growth dawns
Zhu Ning, deputy dean at the Shanghai Advanced Institute of Finance, said improving social welfare could make growth rates of 3-4% more sustainable. Koo said China’s problems are more challenging than …
Explainer-What to watch for in China-US climate talks this week
U.S. tariffs on Chinese solar panels have been a sore spot since former President Donald Trump’s administration imposed them in 2018, arguing that China’s low-cost products were hurting domestic …
China slams planned US visit of ‘separatist’ Taiwan presidential front-runner
China reacted with anger on Monday to a planned visit next month to the United States by “separatist” Taiwan presidential frontrunner Vice President William Lai, as the government in Taipei said it …
Chipmakers push back on US restrictions on semiconductor exports to China
Executives from leading U.S. semiconductor manufacturers met with the Biden administration on Monday as the largest trade group representing chipmakers pushed back against expansion of restrictions on …
Marketmind: Global market outlook bright but China’s clouds darken
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Another day, another whoosh higher on Wall Street, but the double whammy of gloomy news from China on Monday …
Is GDP still a useful gauge of China’s economy?
Li agrees China’s economy is weak right now, but he said it still has a lot of potential. As for entrepreneur Zhu, he is still looking for a bigger office space for his business but…
Business Highlights: China’s economic growth is slowing; Russia ends Black Sea grain export deal
China’s economy misses growth forecasts, raising the odds of more support for its tepid recovery. HONG KONG (AP) — China’s economic growth missed forecasts in the second …
US risks ‘weakness and dependence’ as it falls behind China in tech race: Report
Data analytics firm Govini noted widespread investment in most of 12 top critical national security technologies, but said stats on patents are a troubling indicator of Beijing’s tech rise.
Wall Street firms lower China GDP projections after disappointing Q2 print
In June, China’s central bank lowered a short-term lending rate for the first time in 10 months to help drive its recovery following last year’s Covid lockdowns. “To counteract persistent growth …
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