Crisis-hit Chinese property developer Country Garden has suspended trade in its shares on the Hong Kong Stock Exchange after delaying the publication of its annual financial results. The firm said …
FINANCE
China: Foreign Direct Investment Hits 30-Year Low
A collapse in foreign direct investment into mainland China has brought FDI to a 30-year low. Beijing’s State Administration of Foreign Exchange (SAFE) reports inbound investment from foreign sources …
China could drive Africa’s renewable energy revolution, report says
China has a unique opportunity to drive forward an energy revolution in Africa, but it must first reverse nearly two decades of neglect of green power investments there, research from Boston …
US economy strengthens, sluggish China welcomes FDI as investments pour in
Chinese economy is slowing down yet it has emerged as a new destination for global investors. It is felt that when the economy recovers it will bring excellent returns …
China Stock Market May See Profit Taking On Tuesday
(RTTNews) – The China stock market has moved higher in three straight sessions … The SCI finished sharply higher on Monday following gains from the financial shares and mixed performances from the …
China’s banks cut salaries, rescind bonuses amid economic slowdown and Beijing’s financial reshuffle
China’s 12 national joint-stock banks reported deep salary cuts last year, while 10 lenders also demanded employees return performance-based bonuses, amid Beijing’s ongoing efforts to reshape the …
India Gains On China
Even as China’s economy underperforms, India’s has surpassed expectations, a fact that will change Beijing’s calculations across a broad front.
Over 2,000 Investors Win China’s Pioneering Lawsuit to Rectify Financial Reporting Fraud
(Yicai) April 1 — Feilo Acoustics, a maker of lighting products, will need to pay over 2,000 investors CNY329 million (USD45.5 million) in compensation after losing China’s first ordinary …
Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
A World Bank report says Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023.
China stocks see biggest jump in 1-month on strong PMI data
SHANGHAI: China stocks jumped on Monday, logging their biggest daily gain in a month, after the latest manufacturing activity data signalled that the economy’s recovery is gaining traction, while the …
China’s Caixin Manufacturing Sector Surges To A 13-Month Peak, Signaling Economic Revival
In a significant turn of events, China’s manufacturing sector has shown robust growth, marking a promising sign for the global economy. What Happened: Caixin Global reported on Monday that the Caixin …
East Asia’s growth is faster than the rest of the world but China headwinds weigh, World Bank says
Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024, the World Bank says.
World Bank Warns of Slowing Growth in East Asia Amid China Slump
Gross domestic product growth is seen at 4.5% for 2024 and 4.3% for 2025, down from the 5% estimated for 2023, the World Bank said in its semi-annual outlook. While most economies in East Asia…
ADVERTISEMENT
