China’s central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. The People’s…
FINANCE
China ADRs surge as Beijing unveils fresh stimulus measures
U.S.-listed shares of Chinese companies surged on Tuesday following Beijing’s announcement of its largest stimulus package since the pandemic, sparking optimism about renewed economic growth. The …
Financials Up After China Rates Move — Financials Roundup
The People’s Bank of China cut the interest rate on its 1-year medium-term lending facility to 2.0% from 2.3% in a widely anticipated move, while lending 300 billion yuan to financial institutions, equivalent to $43…
China slams ‘lies and smears’ after Canadian ex-diplomat alleges torture
Two Canadians were detained in 2018 after the arrest of a senior Huawei executive in Vancouver. Read more at straitstimes.com.
China to Give Cash Handouts for the Poor in Rare Use of Aid
China said it will give one-off cash handouts to people in extreme poverty before Tuesday, in a rare announcement of direct aid just a day after unveiling a sweeping program to stimulate the world’s second-largest…
China’s Central Bank Adds to Easing Blitz With Another Rate Cut
The People’s Bank of China delivered another policy rate cut, a day after announcing a slew of monetary easing measures to aid the economy amid concerns that Beijing’s annual growth target is increasingly out of…
What China’s biggest stimulus since the pandemic means for US investors: Morning Brief
China just unveiled a stimulus package to pull itself out of its economic doldrums. But there could be consequences that ripple across the globe.
China is raising its shockingly low retirement age for the first time since the 1950s — and residents are angry about it. Are American workers next?
Car insurance premiums in America are through the roof — and only getting worse. But 5 minutes could have you paying as little as $29/month; Commercial real estate has beaten th
China Announces Cash Handouts for the Poor in Rare Use of Aid
China said it will give one-off cash handouts to people in extreme poverty before Tuesday, in a rare announcement of direct aid just a day after unveiling a sweeping program to stimulate the world’s second-largest…
China’s monetary volleys miss key threat to economic growth
China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the key enemy to economic growth in their line of sight: the persistently weak consumer demand.
Beijing is no longer hiding its panic about the state of its economy
The stimulus blitz announced on Tuesday is sparking market speculation that Beijing is panicking over the state of its economy.
Chinese homeowners cheer Beijing’s move to cut mortgage rates by a half point
Chinese homeowners struggling to repay their loans hailed Beijing’s decision to cut mortgage rates by a half point, though analysts and economists believe the move will fail to spark a broad economic …
Analysis-China’s Monetary Volleys Miss Key Threat to Economic Growth
BEIJING/HONG KONG (Reuters) – China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the key enemy to economic growth in their line of sight: the persistently weak…
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