The support package also includes lower down-payment requirements for homebuyers and $42 billion of central bank funding.
Monthly Archives For May 2024
British firms expecting hard time in China market, lobby group warns
British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a…
Nio, China’s FAW Group to Cooperate on Battery Charging, Swapping
BEIJING (Reuters) – China’s Nio and state-owned automaker FAW Group have signed a strategic cooperation agreement for battery charging and swapping, according to their official social media accounts …
Bulls beat a path to China stock shop but foreigners dare not go in
Emboldened by China’s latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors …
‘Are You Better Off?’ Asking Reagan’s Question in Xi’s China
Unlike his reform-era predecessors, Xi Jinping can’t count on rapid gains in prosperity to underpin support for Communist Party rule.
China is accelerating the forced urbanization of rural Tibetans, rights group says
Human Rights Watch says China is accelerating the forced urbanization of Tibetan villagers and herders, adding to state government and independent reports of efforts to assimilate them through control …
China stimulus to provide ‘modest boost’ to property sales: BNP Paribas
Following a Rmb300 billion lending boost for unfinished flats from the PBOC, BNP Paribas analysts believe a bottom for property prices might be reached in the second half of 2025.
How the Fed Helped Create the China Bubble—and Bust
The Federal Reserve has repeatedly been a key component in boom and bust events in the global economy since the 1920s. China is the latest example.
Analysis-Bulls beat a path to China stock shop but foreigners dare not go in
Emboldened by China’s latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors …
China’s gold imports slow as record prices dent appeal
Gold futures retreat from record highs but remain above $2,400 on safe-haven interest and prospects of US interest rate easing.
Taiwan’s president urges China to end threats as Beijing says independence is ‘dead end’
Taiwan has a new president with Lai Ching-te inaugurated this past weekend. In the past, he has advocated for Taiwanese independence from China, words that enrage Beijing, which sees the island as a break-away province…
Acne Studios Upgrades Beijing’s Taikoo Li Sanlitun Store to Landmark Flagship
Acne Studios ‘ latest landmark flagship officially opened in Beijing ‘s Taikoo Li Sanlitun retail district, an open-air luxury and fashion retail complex in downtown Beijing.
China ramps up de-dollarization efforts by dumping a record amount of US bonds
China unloaded a record volume of US bonds in the first quarter, escalating the country’s pivot from dollar-denominated assets. According to US Treasury data cited by Bloomberg, Beijing sold $53.3 …
