There is no risk of China’s property sector woes spreading into a financial crisis but there is a policy-induced housing crisis and restrictions must be further eased.
FINANCE
Yellen to Visit China for Top-Level Economic Talks
The Treasury secretary plans to address a surge of Chinese green technology exports during meetings in Beijing and Guangzhou.
China Stock Market Tipped To Open Under Pressure
(RTTNews) – The China stock market on Tuesday snapped the three-day winning streak in which it had rallied almost 85 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,075 …
China names pioneer team of state firms to take pole position in race to tech’s bleeding edge
A select group of China’s state-owned enterprises (SOEs) has been designated as the vanguard of development for emerging and future industries, another step in Beijing’s campaign to break through to …
Experts Weigh In: China Likely to Impose Conditions on Russian Loan
The relationship between Russia and China has grown closer, but both nations prioritize their national interests, especially in financial matters. However, given the leadership of Vladimir Putin and …
Yellen to press China on ‘unfair’ trade practices during visit
She will then head north to Beijing for talks with Premier Li Qiang, Finance Minister Lan Fo’an and central bank governor Pan Gongsheng, said the Treasury Department. Yellen’s trip comes just eight …
Xi Jinping’s Resurfaced Speech Hints At China’s Central Bank Emulating Federal Reserve Approach
In a potential shift in China’s monetary policy, a resurfaced speech of Chinese President Xi Jinping has indicated that the People’s Bank of China (PBOC) may start trading government bonds to regulate …
China Market Update: Alibaba Joins Tencent’s Buyback Bonanza
After the Hong Kong close and before the US open, Alibaba told filed with the Hong Kong Stock Exchange that, during Q1 2024, the company spent $4.8 billion buying back 65 million ADRs, representing …
Is China’s economy finally bottoming out?
No surprise then to see China’s manufacturing investment beginning to bounce back a bit more convincingly: Overall factory investment rose nearly 10% year over year in January and February. Investment …
China’s Largest Bank to Provide $41 Billion in Tourism Financing
The Industrial & Commercial Bank of China Ltd. will offer 300-billion yuan ($41 billion) in financing to boost the nation’s tourism sector amid sluggish consumer spending in the world’s second-largest …
China’s Economy Sees Bright Spot As Country’s Largest Bank Funds $41B In Tourism
To revive the country’s tourism sector, the Industrial & Commercial Bank of China Ltd (ICBC), the country’s largest bank, has pledged to provide financing for 300 billion yuan ($41 billion). What …
Bank of China says net interest margin will continue to face pressure
Bank of China (BoC) said its net interest margin – a key gauge of profitability – will still face significant pressure this year.
Bond Comments by China’s Xi Hint at Possible Expansion of PBOC Toolkit
In remarks made in October but only published recently, Chinese President Xi Jinping called for the People’s Bank of China to supplement its monetary policy toolbox and gradually step up trading of …
