(Reuters) – The World Bank on Thursday said it raised its forecasts for China’s gross domestic product growth for 2024 and 2025 to account for the effect of recent policy easing and near-term export …
Monthly Archives For December 2024
China keeps interest rates steady, drains record cash in policy adjustment
The authorities also withdrew a net 1.15 trillion yuan ($158 billion) from the financial system with the tool, the most since 2014 …
India roars ahead of China to top Asian IPO rankings
India has eclipsed China as Asia’s top market for company listings this year, as buoyant stock prices spark a boom in initial public offerings.
China Reacts After Biden Signs Record US National Defense Bill
The bill authorizes $15.5 billion for the U.S. Pacific Deterrence Initiative to counter China and $300 million in military assistance to Taiwan.
China Debuts First Polysilicon Futures After Huge Price Swings
China’s first polysilicon futures debuted on Thursday, as a new hedging tool for a market that has been struggling with massive price volatility.
In a first, Taiwan’s Presidential Office runs war games to simulate a China emergency
Taiwan’s Presidential Office conducted its first ever tabletop exercise simulating a military escalation with China, several officials briefed on the matter said, at a time when the island is facing renewed Chinese military threats.
China Ousts Two Military Lawmakers as Xi’s Defense Purge Widens
China abruptly ousted two military lawmakers from its national parliament without explanation, as a purge of key personnel in the upper echelons of the nation’s defense establishment shows no sign of easing.
World Bank revises up China’s growth projection
The World Bank has revised up China’s real GDP growth for this year and next to 4.9 percent and 4.5 percent, respectively, while underlining the necessity of ramping up structural reforms alongside …
Oil prices edge higher on hopes for more China stimulus
Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, while an anticipated decline in U.S. crude …
Aerial view of Guangdong-Hong Kong-Macao Greater Bay Area
An aerial drone photo taken on Sept 19, 2024 shows a view of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone located on the two sides of the Shenzhen River in South …
China’s stocks retreat while traders await clarity on stimulus policies amid holiday week
The CSI 300 Index, which tracks 300 of the largest stocks in Shanghai and Shenzhen, slid 0.2 per cent to 3,976.53 as of 9.56am local time. It is set to snap a three-day, 1.5 per…
China avoids rate cut to keep ammunition for future pressure
CHINA refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next …
China keeps key rate steady with traders expecting cuts in 2025
The People’s Bank of China (PBOC) held the interest rate on the one-year medium-term lending facility (MLF) steady at 2 per cent, according to a statement on Dec 25. Nine out of the 10 economists…
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