China just made it easier for people to buy homes, in a move that could affect $3.5 trillion in mortgage loans as Beijing seeks to bail out a property market mired in a record slump…
Monthly Archives For September 2023
China frees up banks’ foreign exchange reserves to boost renminbi
The People’s Bank of China said on Friday it would lower its foreign exchange reserve requirement for banks from 6 per cent to 4 per cent, effective September 15, “in order to improve the capacity…
China ramps up economic support as Country Garden vote looms
Beijing has rolled out a series of measures to spur the economy and revive the crisis-hit property market, including the easing of some borrowing rules.
Canada’s largest pension fund trims staff as it puts China deals on hold – sources
CPP Investments, Canada’s biggest pension fund, has laid off at least five investment professionals at its Hong Kong office as it steps back from deals in China, three people with knowledge of the …
Explainer: Why is China’s economy slowing down and could it get worse?
China’s economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over whether the world’s …
Marketmind: China surprise lifts mood before US payrolls
A look at the day ahead in European and global markets from Brigid Riley It’s Friday – and the start of a new month – and much-anticipated U.S. nonfarm payrolls finally drop along with a…
China Crashes Germany’s Least-German Car Show in History
More than twice as many Chinese automakers will exhibit at IAA compared to when it was last convened in Munich.
Here’s Everything China Is Doing to Save Its Property Market
China unleashed a slew of measures to halt a slide in the country’s residential property and shore up its ailing economy.
JONAH GOLDBERG: China’s faltering economy is a result of state-directed planning
Chinese economic statistics have never been entirely reliable, but the last reported number for urban youth unemployment we have is 21.3 percent (it may actually be closer to 50 percent). One sign it …
China to cut banks’ FX reserve ratio to rein in yuan weakness
China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen aimed at slowing the pace…
China Points Finger At Team Biden For Trade Dip: ‘Direct Consequence Of US Moves’
Following a significant drop in trade between the U.S. and China, Beijing’s ambassador to the U.S., Xie Feng, has attributed tariffs and export controls introduced by the Joe Biden -led administration …
China’s Shenzhen City To Close Offices, Businesses Over Typhoon Saola: Official
The Chinese tech hub of Shenzhen will close offices, businesses and markets ahead of the arrival of Typhoon Saola on Friday, authorities said.
Rise in HK visitors boosts Shenzhen consumption
Li Yizhang, a Shenzhen customs officer, revealed that since August, the number of exit-entry visits through the Shenzhen-Hong Kong ports has exceeded 11 million, with a daily average of nearly 580,000 …
