China needs more private enterprise, not more cheap credit.
Monthly Archives For September 2024
China e-commerce giants Alibaba, JD.com, Pinduoduo see stock surge after stimulus package
Chinese e-commerce stocks jumped after the country’s central bank announced a broad stimulus package. Alibaba, JD.com, and Pinduoduo led the surge.
Oil jumps nearly 2% as traders expect China stimulus to boost demand
Oil jumped nearly 2% on Tuesday before paring gains after China announced its biggest stimulus package since the early days of the pandemic, raising prospects of increased demand. On Tuesday West …
A Banking Crisis Is Looming in China. It’s Not Just Property.
As China grapples with a deepening real estate crisis, attention is shifting to an equally pressing concern: the vulnerability of the nation’s banking sector. What was once seen as a contained issue …
Canada, Mexico Should Halt China Forced-Labor Imports, U.S. Lawmakers Say
A bipartisan group of legislators urges the country’s two neighbors to use U.S. law as a model to keep out imports that can be traced to China’s Xinjiang region.
Russia, Iran and China are using AI in election interference efforts, U.S. intelligence officials say
In a media briefing Monday, officials from the Office of the Director of National Intelligence said foreign efforts to meddle in the election with AI have fallen flat.
Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time
Tuesday’s hastily arranged briefing delivered a sweeping policy package. Economists say reversing the slump will require much more.
China’s central bank goes big with monetary easing
The People’s Bank of China unleashed a fusillade of measures aimed at arresting the nation’s economic malaise Tuesday morning. Why it matters: The world’s second-largest economy faces a popping property bubble,
UK interest rates will fall ‘gradually’, predicts Bank of England governor; China launches stimulus blitz – business live
Rolling coverage of the latest economic and financial news. 13:37 In the travel sector, the disruption caused by the strike at Boeing could last longer than the current walkout. Ryanair CEO Michael O’Leary says…
Bye bye Burberry: Why China is giving up luxury for dupes
China was once the haven for luxury brands such as Burberry, Prada and the like. Now, it’s becoming the home to ‘pingti’ brands — the Chinese term for dupes. These replicas are fast finding favour…
China just released aggressive measures to boost its economy — but some analysts say it’s still not enough
“Today’s policy measures are bold by historical standards,” Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday.
China to investigate fashion firm PVH for suspected boycott of Xinjiang products
China’s Commerce Ministry says it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules …
China’s Sany plans European production start by 2026, manager says
By Riham Alkousaa HAMBURG (Reuters) -Chinese wind turbine maker Sany is preparing to start production in Europe by 2026 and is in advanced talks with potential European customers, the company’s Europe renewables manager said on…
