The PBOC said it would step up support for the economy as domestic demand weakened, businesses struggled and risks in key areas increased.
Monthly Archives For August 2023
China’s consumers, central bank and statisticians all lack confidence
To soften the blow, the People’s Bank of China ( pb o c) duly lowered interest rates, as other central banks would do. But it reduced its medium-term rate by only 0.15 percentage points and…
How much worse can China’s economic slowdown get?
Unlike consumers in the West, Chinese people were left largely to fend for themselves during the COVID-19 pandemic and the revenge spending spree that some economists expected after China re-opened …
South China Sea: Beijing appears to be building runway on disputed island claimed by Vietnam
Satellite images show new airstrip stretching across Triton Island in the Paracels, but Hanoi and Taipei say the archipelago is theirs The runway is much shorter than others China has built on …
How China’s economic turmoil could hurt your portfolio
Where it will hurt: US-based companies doing business in China stand to lose if the economy there continues on a downward trajectory. Companies like Apple (AAPL), Intel (INTC), Ford (F) and Tesla …
China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says
By Nell Mackenzie LONDON (Reuters -Hedge fund EDL Capital is betting on further falls for China’s offshore currency and says the yuan’s slide could be the next “black swan event” to rattle world …
China appears to be building an airstrip on a disputed island in the South China Sea
Satellite images of Triton Island, an island in the Paracel group that is also claimed by Vietnam and Taiwan, suggest construction of a runway almost 2,000 feet long, analysts say.
US imports of auto parts face scrutiny under law on Chinese forced labor
Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington’s effort to stamp out U.S. links to forced labor in Chinese supply chains.
China Says It Would Welcome a Visit by US Commerce Secretary After Imposition of Investment Controls
China says it would welcome a visit by U.S. Commerce Secretary Gina Raimondo following the imposition of foreign investment controls by her agency that have stung numerous Chinese companies
Factbox-Five facts about China asset manager whose troubles fanned spillover fears
A liquidity crisis at one of China’s top asset managers Zhongzhi Enterprise Group has fuelled worries that the country’s deepening property sector crisis is spilling over into its $57 trillion financial industry,
China’s consumers, officials and statisticians all lack confidence
To soften the blow, the People’s Bank of China ( pb o c) duly lowered interest rates, as other central banks would do. But it reduced its medium-term rate by only 0.15 percentage points and…
India’s Violent Border State Crisis Risks Civil War Near China and Myanmar
“This is closest to a civil war that India has ever seen,” Indian expert and army veteran Sushant Singh tells Newsweek.
New pain for China’s property sector
There’s been a lot of concern over the health of China’s real estate market, and the past week hasn’t helped. Two major companies have missed payments. Here to talk with us about the situation is…
