China has cut one of its key interest rates and pumped tens of billions of dollars into its banking system after a batch of data added to concerns over an econo
Monthly Archives For August 2023
China’s Economic—and Social—Contract Is Fraying
Chinese households’ confidence in Beijing’s policies has been shattered.
Volvo to be first company in China to import remanufactured engine
The remanufactured engine to be imported by Volvo Construction Equipment (China) will arrive in the country in late September, Chen Chaoping, the company’s head of uptime and parts said in a media …
Explainer-How Much Worse Can China’s Economic Slowdown Get?
Economists blame weak domestic demand for subdued investment appetite in the private sector and for China sliding into deflation in July. If it persists, deflation could exacerbate the economic …
Amid Rising Joblessness, China Stops Publishing Its Youth Unemployment Rate
China’s National Bureau of Statistics announced it would suspend disclosing the country’s youth joblessness rate, citing a need to reassess its methodology.
Oil edges lower after weak China data
Oil futures were modestly lower Tuesday morning, feeling pressure after another round of weak economic data out of China.
China surprises with rate cuts as economy grapples with ‘confidence crisis’
China’s central bank unexpectedly cut rates on Tuesday, as policymakers continued to step up support for its struggling economy.
China Economic Woes May Offer a Silver Lining to Global Markets
China’s lapse into deflation is fueling jitters across financial markets but money managers say it isn’t necessarily a bad thing.
Global stocks stuck near 5-week lows, China cuts rates
Global stocks were stuck near five-week lows on Tuesday as rising government bond yields unnerved investors, while rate cuts from China and disappointing data underscored the economic malaise gripping the world’s second biggest economy.
Morning Bid: U.S. retail therapy as China funk deepens
A look at the day ahead in U.S. and global markets from Mike Dolan, Editor-at-Large, financial industry and financial markets
Report: China’s data center services market grows 12.7% in 2022
China’s data center services market witnessed a year-on-year growth of 12.7 percent in 2022, reaching a market size of 129.35 billion yuan ($17.8 billion) according to IDC’s latest report.
The race to lead China’s autonomous driving market
Electric vehicle makers and AI companies are taking Tesla FSD-like systems to China, but it’s still out of reach for most consumers.
China’s $138 billion ‘shadow bank’ spirals at terrible time for Xi
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billi …
