The fresh stimulus details come after Chinese stocks slumped on Friday, with the blue-chip CSI300 index (.CSI300) closing down 2.8%. For the week, the CSI300 fell by 3.3%. But the index remains up …
FINANCE
Morning Bid: Bank Results Boost Wall St, China Plan Leaves Questions
JPMorgan Chase and Wells Fargo shares jumped after both major banks beat profit estimates, a bullish kick-off for corporate America’s third-quarter reporting season. The two lenders also touted resiliency of the U.S. consumer, which will…
China shows increasing signs of deflation as stimulus skepticism grows
Consumer prices in China saw their slowest growth in months in September, according to new Consumer Price Index data showing a 0.4% rise in August, lower than analysts’ expectations. Producer prices also declined compared to…
China faces deflation threats as it stalls on stimulus
China is struggling with rising deflationary pressures. Data from September shows weaker-than-expected consumer and factory prices. This has ramped up calls
Economists unconvinced as Beijing increases debt to fight woes
China has pledged to lift government debt to boost its faltering economy but economists are unconvinced it will be enough to end the country’s deflationary streak.
China wants to draw more foreign hospitals, but hurdles remain significant
More foreign entrants could help shake up China’s hospital scene, which faces problems like over-consumption and corruption. Read more at straitstimes.com.
China’s scorching rally takes a breather to wait on stimulus
Chinese shares fell on Wednesday and commodities nursed sharp losses as investors tempered enthusiasm for a Chinese economic recovery, while broader markets steadied on expectations that the U.S. economy can avoid recession and support global…
China’s finance minister says there’s room to boost economy, but offers no plan
The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo’an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts
China’s Inflation Eases in September, Puts Pressure on Beijing for Stronger Stimulus Measures
China’s consumer inflation unexpectedly eased in September, while producer price deflation deepened, underscoring the mounting pressure on Beijing to roll out more robust stimulus measures to revive its flagging demand and economic activity.
China to introduce incremental fiscal policy measures to bolster economy
China will introduce a package of targeted incremental fiscal policy measures in the near future to boost the economy, Minister of Finance Lan Fo’an told a press conference on Saturday. The package includes increasing the…
What Investors Want From China’s Big Stimulus Reveal
China’s markets rounded out a rocky week with a 2.8% slide in the CSI 300 Index and a rally in corporate bonds, as all eyes turn to the Ministry of Finance policy briefing on Saturday…
China arrests former insurance executive as anti-corruption campaign sweeps finance sector
Li Quan, former chair of New China Life Insurance, is accused of embezzlement and bribery and has been expelled from Communist Party Li Quan, former chairman of New China Life Insurance Co Ltd (NCL),
China Puts Investor Patience to Test as Key Meeting Underwhelms
China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a …
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