Ford and General Motors stock fell after rival car maker Stellantis revised down its 2024 financial guidance, citing deteriorating industry dynamics and Chinese competition. Ford shares fell 3.3% to …
FINANCE
Beijing’s Stimulus Blitz Sends China Stocks Skyrocketing: Is the Rally Just Beginning?
Beijing’s sweeping economic stimulus has sparked a powerful rally in Chinese stocks, sending the market soaring to levels not seen in nearly a decade. On September 30, the benchmark CSI 300 Index …
China’s Ex-Finance Deputy Urges Xi Jinping Government To Study Cryptocurrencies In Light Of ‘Latest International Changes And Policy Adjustments
In an intriguing development, Zhu Guangyao, China’s former Vice Minister of Finance, has called on the Xi Jinping administration to delve deeper into the study of cryptocurrencies, emphasizing the …
China’s Ex-Finance Deputy Urges Xi Jinping Government To Study Cryptocurrencies In Light Of ‘Latest International Changes And Policy Adjustments
In an intriguing development, Zhu Guangyao, China’s former Vice Minister of Finance, has called on the Xi Jinping administration to delve deeper into the study of cryptocurrencies, emphasizing the …
China’s central bank buys 200 bln yuan of sovereign bonds in September
The Chinese central bank said on Monday it had bought 200 billion yuan ($28.52 billion) of the country’s government bonds in open-market operations in.
China’s Former Finance Minister Urges Caution on Cryptocurrency Development
At the recent 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, Lou Jiwei-former finance minister of China calls for caution to be taken regarding cryptocurrency development.
China’s Weak Factory Activity Shows Urgency of Stimulus Push
China’s factory activity continued to contract while the services sector slowed in September, as policymakers prepared an emergency stimulus blitz to revive an economy facing challenges across the …
China’s vice finance minister meets with PWC global chair
China’s Vice Finance Minister Guo Tingting met with PWC global chair Mohamed Kande in Beijing on Sept. 19, the ministry said in a statement on Monday.Guo affirmed PWC’s attitude of respecting …
China’s central bank buys $28.52bln of sovereign bonds in September
The People’s Bank of China said the operation was to “strengthen counter-cyclical adjustment of monetary policy and keep banking system liquidity reasonably ample” …
China’s stock market is closing just as investment outlook is brightening up
The Shanghai Stock Exchange will close from Oct. 1 to Oct. 7 for the China National Day celebrations. Hong Kong’s market will be shut on Oct. 1.
Chinese Property Stocks Surge as Barrage of Stimulus Continues
Chinese property stocks powered higher in mainland and Hong Kong stock markets, thanks to a barrage of measures from Beijing to stabilize the country’s struggling property market.
Analysis-Painful Policy Choices Loom After China’s ‘Monumental’ Consumer Stimulus Plan
Reuters reported last week that Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, …
Communist China is celebrating its 75th birthday and its stock market is soaring. But not everyone is in the party spirit
For much of the past year since China reopened to the world following the Covid-19 pandemic, a pall has hung over large swathes of the country as its economy struggles to regain momentum.
