China is planning to inject up to 1 trillion yuan into its major state banks to bolster the struggling economy. This initiative is part of a wider set of stimulus measures and will be funded…
Monthly Archives For September 2024
Ineos marches into China with Grenadier
Ineos Automotive launched its off-roader, the Grenadier, on Wednesday in Beijing, marking the British carmaker’s foray into the world’s largest vehicle market. The model, available in three variants, …
Beijing rolls out flowers to welcome National Day
The basket and the other 10 flower terraces bearing good wishes to the country and showing the nation’s achievements over the past 75 years will be displayed along Chang’an Avenue for the upcoming …
China stocks rise after Beijing’s stimulus measures amid mixed Asia-Pacific markets
Investors assessed Australia’s inflation numbers on Wednesday, with the CPI climbing 2.7% year on year in August, in line with Reuters estimates.
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
Chinese stocks extend gains after Beijing’s stimulus bazooka
Chinese stocks on Wednesday extended their rally triggered by Beijing’s stimulus bazooka, though optimism elsewhere in the region could not be sustained …
China central bank cuts medium-term loan rate
China’s central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. The People’s…
Man Group Defies China Skeptics, Expects Stock Rally to Sustain
Nick Wilcox of hedge fund firm Man Group Plc expects Chinese stocks to extend their rally on continued policy support, defying skeptics who warn the gains will be fleeting.
Japanese schools in Hong Kong bolster security measures after Shenzhen stabbing: diplomat
Kenichi Okada, country’s consul general in Hong Kong, also requested a minute of silence for the boy, 10, during Japanese festival in city.
‘Education of hatred’: Killing of Japanese boy sparks soul searching in China over rising nationalism
The killing of a Japanese schoolboy in China has sparked an outpouring of anger and soul searching over the rise of extreme nationalism in the country, with some accusing the government of fanning anti-Japan sentiment…
China Market Support May Fizzle Out If Key Issues Remain Unsolved
China’s push to bolster its stock markets has stirred optimism, but begs the question of whether investors will take the bait amid lingering doubts about the economy’s underlying weakness.
China Puts a Bandaid on Its Economy. Its Still Missing the Real Problems.
Since taking the helm in July 2023, People’s Bank of China Gov. Pan Gongsheng had avoided giant stimulus bursts of the kind Beijing did amid the 2008-2009 global financial crisis. Pan favored incremental steps, owing…
Democrats and Republicans Press China on Abuse of Muslim Minority
Both parties are focused on oppression of China’s Uyghur minority but use different tactics in pushing the Biden administration to do more.
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