At a twice-a-decade policy meeting, Chinese leaders didn’t outline concrete measures to reform the domestic economy.
FINANCE
China puts tax reform in sights as leaders mull government’s role in alleviating pressure
More than 300 reform directives, including the need for a fiscal and tax overhaul, will be officially outlined following Beijing’s third plenum.
China to Help Local Gov’ts Face Financial Difficulties, Senior Official Says
(Yicai) July 19 — China will introduce a series of measures to help local government address the financial difficulties they are facing, according to the executive deputy director of the office of …
Retail Central Bank Digital Currencies Are Off To A Slow Start In Asia
Although Asia started off as the center of CBDC hype, the results five years on, both inside China and out, have been mixed.
Navigating Philippine-China Relations: Insights from Beijing’s Role as a Top Lender
In partnership with Asia Society Philippines, AidData, a research lab at the College of William & Mary, published the report “Beijing’s Big Bet on the Philippines: Decoding two decades of China’s …
Oil Declines as Focus Turns to China’s Slowdown, Supply Outlook
The end of China’s Third Plenum this week brought few signs that the top leadership is preparing to unleash major steps to boost demand or arrest the nation’s property slump. OPEC+ delegates, …
China’s stubborn savers ignore inducements to spend as growth slows
Chinese households added 9.27 trillion yuan ($1.3 trillion) in new deposits in the first half – including 2.14 trillion in June, down 22% from a year earlier, according to data from the People’s Bank …
This M’sian gave up a career in finance & HR to open her own chiffon cake bakery in PJ
Renae spent years in the corporate world. She was a regional head of Finance and HR, based in Kuala Lumpur. She covered Malaysia, Singapore, Hong Kong, Taipei, and Beijing, during her job. Her work …
China pledges to ‘deepen reform’ and ‘resolve’ debt as key meeting concludes
The Communist Party’s third plenum set the stage for moves towards a technologically independent China with a strong socialist market economy.
China’s Leaders Vow To Fight ‘Risks’ Plaguing Economy
China’s leadership vowed Thursday to resolve “risks” plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes.
SunCar Technology inks key service agreement with China Merchants Bank
SunCar Technology Group (SDA) partners with China Merchants Bank to provide concierge car services for elite private banking clients, setting new
China Investors’ Newest Craze: Saudi Stocks
Chinese investors are piling into new funds tracking Saudi Arabian equities, a sign of the robust appetite for overseas exposure at a time when home markets are flagging.
China pledges industrial modernisation, raft of other reforms
The report said China will “enhance the role of market mechanisms in the economy, create a fairer and more dynamic market environment and optimise the efficiency of resource allocation.” The previous …
