The Philippines and China have “reached an understanding on the provisional arrangement” for resupply missions to a beached Filipino naval ship in the South China Sea, Manila’s foreign ministry said …
Monthly Archives For July 2024
China central bank says cuts two key rates to support economy
China’s central bank on Monday cut two benchmark interest rates in a bid to boost lagging growth in the world’s second-largest economy.
China Vows to Accelerate New Affordable-Housing Model
China’s ruling Communist Party pledged to accelerate a new housing model that emphasizes renting and ramps up affordable homes, following a record property slump.
Mystery Bond Buyer Clears China Developer’s Debt at 90% Discount
The source of the money is shrouded in mystery. But a major Chinese real estate developer appears to be trying a novel approach to resolving its debt: it is working with a buyer to purchase…
China’s third plenum holds out hope for debt-hit local governments with funding reform
China to aim for ‘clear division’ of central-local responsibilities and coordinated finances, full text of third plenum decisions shows.
China dominates global automobile exports in 2023 as EV demand surges, says DIGITIMES Research
China’s automobile exports have shown significant growth in recent years, with the export volume reaching 5.22 million units in 2023, nearly 800,000 more than Japan’s, making China the world’s largest …
China central bank cuts short-term policy rate
SHANGHAI (Reuters) – China’s central bank said on Monday it would cut the policy interest rate on seven-day reverse purchase agreements, known as reverse repos, to 1.7% from 1.8%. The People’s Bank of China said…
Xi Jinping unveils sweeping plans to fix China’s $9 trillion hidden debt crisis
as foreign leaders accuse Beijing of using exports to compensate for weak demand at home. Giving a larger portion of consumption tax to regions could address both issues by incentivizing officials to …
China hedge funds brace for upheaval from tough new rules
China’s $715 billion hedge fund industry is facing renewed pressure from stringent regulations coming into effect next month, forcing some investment firms to seek fresh capital from white knights or …
Exclusive: Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubs
Semiconductors and other restricted goods shipped through China and Hong Kong to fuel Russia’s war effort fell by a fifth this year previously undisclosed U.S. Commerce Department data shows, but Hong …
China’s central bank battles perceptions that deflation is taking hold
HONG KONG — China’s economy faces growing deflationary pressure, and its central bank is trying to keep pessimism at bay by pushing up interest rates. This month, the People’s Bank of China (PBOC) …
Here’s how China can fund its third plenum goal of high-quality development
Given China’s weakened financial position, it must embrace low-cost reforms that drive growth without adding to budget pressures.
Column: After three years of exports China is now short of lead
The global lead market has bifurcated since the start of June, with Shanghai prices significantly outperforming that of the LME.
