SHANGHAI (Reuters) – China’s central bank said on Thursday that it has lent 577.7 billion yuan ($80.93 billion) through seven-day reverse bond repurchase agreements in an open market operation.
Monthly Archives For August 2024
The World Is Not Ready for the Next Pandemic
Although there are groups at work on new treatments and other antiviral initiatives, on the whole, global society does not appear to be much more prepared for a future coronavirus or influenza …
A Chinese Autonomous Driving Start-Up Is About to Go Public in the U.S.
WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the United States.
China’s economic recovery dragged down by property slump and weak consumption in July
A continued property crisis and weak consumption dragged on China’s economic recovery in July, according to data released by the National Bureau of Statistics …
China boosts crude oil stockpiles in July amid weak refining: Russell
Even though its imports of crude oil fell to the lowest in almost two years in July, China continued to boost stockpiles in July as refinery throughput fell for a fourth month.
Hong Kong, Shenzhen sign conservation pact
The Hong Kong and Shenzhen governments on Thursday signed an agreement to strengthen cooperation in areas such as conservation and pollution …
China’s Bank Loan Gauge Contracts for First Time in 19 Years
China’s bank loans to the real economy contracted for the first time in 19 years, a grim milestone that underscores why weak domestic demand has emerged as a major hurdle to the economy’s growth and…
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.36, up 2.9%
[ET Net News Agency, 15 August 2024] CHINA UNICOM (00762) rose 2.9% to HK$6.36, breaking above the 100-D SMA of HK$6.333. It hits an intra-day high of HK$6.37, and an intra-day low of HK$6.14. The…
China’s Uneven Recovery Lingers as Factories Outrun Consumption
China’s economy failed to pick up and unemployment rose for the first time since February, as slow consumption and disappointing investment drag on growth.Most Read from BloombergManchester Is Giving …
China’s bond market intervention reveals financial stability worries
The country’s latest efforts to stem a bond market rally shows that authorities are worried about financial stability, analysts said.
EY, KPMG benefit most from PwC China’s regulatory woes
Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show.
Next US President Expected to Add More China Export Controls, Pimco Says
Pimco’s Head of US Public Policy Libby Cantrill says the next US president, whether it’s Kamala Harris or Donald Trump, is likely to introduce more export controls on China. Cantrill says another …
China industrial production disappoints in July, retail sales improve
Investing.com– Chinese industrial production grew slightly less than expected in July as exports, particularly electric vehicles, were hit by increased trade tariffs, while retail sales perked up on some improvement in spending.
