Tesla’s second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk is expected to double down on the company’s robotaxi plans …
FINANCE
Beijing Announces Surprise Interest Rate Cuts – TaiwanPlus News
China’s central bank announced surprise rate cuts on Monday. The rate cuts come as Beijing mulls measures to improve its economy.
Bohai Bank to sell US$3.5 billion in loans to China’s bad banks in bid to shore up capital
China Bohai Bank proposed to sell US$3.5 billion worth of assets at a discount to bidders including the nation’s bad debt managers via a public tender to shore up capital levels.
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges
But many economists argue China has since made steps in the opposite direction on market liberalisation and the private sector, having tightened capital controls after a stock market rout in 2015 and …
China cuts key interest rate after Xi’s top meet disappoints
China’s property crisis – where a toxic mix of over-building, poor sales, falling values and heavy debts have driven some of the biggest developers into insolvency – has undermined the financial …
China’s central bank cuts a key interest rate, moving to revive property sales and put more pep into its slowing economy
China’s central bank cuts a key interest rate, moving to revive property sales and put more pep into its slowing economy …
China central bank cuts two key rates to support flagging economy
China’s central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world’s second-largest economy. – Sluggish growth – The economy slowed sharply in …
China’s Central Bank Lowers Key Policy Rate Unexpectedly
China’s central bank unexpectedly cut a key policy rate to support the country’s ailing economy, just days after a flurry of data showed that a lopsided recovery might have lost some steam. The People …
China’s central bank lowers collateral requirement for medium-term lending facility
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing. [Photo/IC] BEIJING — China’s central bank said on Monday that it will lower the collateral requirement for …
Xi Vows to Rewire China’s Finances, Help Indebted Regions
China’s top leader mapped out measures for fixing the debt … both issues by incentivizing officials to lift consumer spending and offering them a new finance stream. Slapping additional taxes on …
China central bank says cuts two key rates to support economy
China’s central bank on Monday cut two benchmark interest rates in a bid to boost lagging growth in the world’s second-largest economy.
China’s third plenum holds out hope for debt-hit local governments with funding reform
China to aim for ‘clear division’ of central-local responsibilities and coordinated finances, full text of third plenum decisions shows.
Xi Jinping unveils sweeping plans to fix China’s $9 trillion hidden debt crisis
as foreign leaders accuse Beijing of using exports to compensate for weak demand at home. Giving a larger portion of consumption tax to regions could address both issues by incentivizing officials to …
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