After resisting calls to intervene, Beijing has made a sudden U-turn. But will the package be enough to get the economy back on track?
Monthly Archives For October 2024
Hong Kong stocks ride 2-day wave of earnings optimism as China Unicom gains
Investors are gearing up for results from 22 Hang Seng Index constituents through the end of the month, including HSBC, BYD and ICBC.
China think tank proposes $280 billion stock market stabilisation fund
A Chinese policy think tank has called for Beijing to issue 2 trillion yuan ($280 billion) of special treasury bonds to set up a stock market stabilisation fund, the 21st Century Business Herald …
LG Chem files lawsuit against unit of China’s Ronbay over battery tech
South Korea’s LG Chem said on Wednesday it has filed a patent infringement lawsuit at a Seoul court against a South Korean unit of Chinese battery materials maker Ningbo Ronbay New Energy Technology.
China pins stimulus on money merry-go-round
China’s economy has long been supported by a great wall of debt, much of it hidden off local governments’ balance sheets. To reboot economic growth, Beijing plans to swap these borrowings into bonds …
Local government key to reigniting China’s economy
Concerned by the social risks of high unemployment and falling asset values, the government of Xi Jinping is trying to reboot the economy from the ground up.
Europe likens probe into cheap tomato exports to Beijing trade wars
Australian officials have this month begun an inquiry into whether Italian groups are dumping products sold as Coles, Woolworths and Aldi home brands.
The Quarter-Trillion Dollar Rush to Get Money Out of China
Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.
Apple CEO Tim Cook met China’s minister for industry and IT in Beijing
Apple CEO Tim Cook met with China’s minister for industry and information technology, Jin Zhuanglong, on Wednesday in Beijing, according to a statement from his ministry. Jin said that he hoped Apple …
Beijing officials crack down on illegal store closures
Authorities in Beijing have launched the country’s first crackdown on illegal store closures that exploit and violate consumers’ rights, and have placed two enterprises, three intermediary agencies …
Vietnamese lobsters claw back to prominence in China after temporary dip
Following a sharp decline last year, China’s imports of lobsters from Vietnam have returned to healthy levels with the same speed.
IMF warns on China’s property market worsening as it cuts country’s growth outlook
In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.
China’s Economic Stimulus Isn’t a Game Changer, JPMorgan’s Zhu Says
Beijing’s latest blitz of economic policy measures is designed more to mitigate risks than to provide broad stimulus in the near term, according to Haibin Zhu, chief China economist at JPMorgan Chase …
