China’s finance ministry reported that net local government special bonds issuance was 1.49 trillion yuan ($205.81 billion) in the first half of 2024. Additionally, June saw a net local government …
FINANCE
China factory activity shrinks for third month in setback
The official manufacturing purchasing managers’ index hit 49.4, compared with 49.5 in June, the National Bureau of Statistics said on Wednesday.
Central Bank, Beijing Outlooks Roil Asian Stock Markets
Asian stock markets turned in a choppy Tuesday, as traders weighed pending central bank policy meetings, and Beijing macroeconomic stimulus plans. Hong Kong and Shanghai lost ground, while Tokyo edged …
China’s top leaders vow to support consumers and improve confidence in its slowing economy
China’s powerful Politburo has endorsed the ruling Communist Party’s strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival …
China bank staff solves cash jigsaw puzzle after depressed woman cuts bills into 100,000 pieces
A woman in China left behind a pile of sliced up cash that her widower and four children desperately needed piecing together.
China Bank Spends 22 Days Restoring RM20,400 In Damaged Notes For Poverty-Stricken Family
It took four bank employees 22 days to help a poverty-stricken family piece together their badly damaged banknotes in China The Industrial and Commercial Bank of China (ICBC) branch in Kunming, Yunnan …
China Bank Spends 22 Days Restoring RM20,400 In Damaged Notes For Poverty-Stricken Family
It took four bank employees 22 days to help a poverty-stricken family piece together their badly damaged banknotes in China The Industrial and Commercial Bank of China (ICBC) branch in Kunming, Yunnan …
China’s central bank conducts $30 billion via reverse repos
China central bank conducted 21627 billion yuan about US3031 billion of seven-day reverse repos at an interest rate of 17 percent Tuesday …
Where are China’s ultra-rich parking their wealth amid a slowing economy?
The Chinese ultra-rich population is expected to swell to 144,897 by 2028 from 98,551 in 2023, where are they parking their wealth?
It’s now okay to not be okay about getting rich in China – but this could become a problem
China appears to have entered a stage when the pursuit of wealth is seen as something suspicious, not glorious.
FirstFT: China’s finance sector crackdown reaches Hong Kong
Also in today’s newsletter, EU prepares trade plan to tackle Donald Trump, and McDonald’s suffers first global sales drop since 2020 …
Why US right-wing Project 2025 could be bad news for Beijing: ‘China is a threat’
They also warn that Beijing will need to keep a cool head to avoid escalating bilateral hostilities, with the Project 2025 plan coming across as “shockingly malicious” against China. Spearheaded by …
The People’s Bank Of China Makes The Tiniest Of Gestures
BEIJING, CHINA – Headquarters of the People’s Bank of China (PBOC). (Photo by Jiang Qiming/China … [+] News Service/VCG via Getty Images) At last, the People’s Bank of China (PBOC) has cut interest …