Property investment in China fell 9.0% year-on-year in the first two months of 2024, compared with a 24.0% fall in December 2023, National Bureau of Statistics (NBS) data showed.
FINANCE
China’s property slump dampens upbeat economic data
STORY: Chinese officials announced upbeat numbers on the economy on Monday. Though the sagging property sector remains a drag on data as well as wider confidence about the country’s recovery. The …
Bang & Olufsen Cuts Guidance on Sluggish European Markets, Slow China Recovery
Bang & Olufsen warned that revenue and earnings for the fiscal year to May 31 would fall short of previous guidance due to a sluggish recovery in key European markets and the lack of a…
Tata Steel stock jumps over 4% amid heavy volumes, as China industrial output growth lifts metals
Tata Steel’s share price jumped nearly 5 percent on March 18 amid heavy volumes and multiple large deals, buoyed by China’s robust industrial output growth. At 12.20 pm Tata Steel stock was at Rs …
Morning Bid: Some China Cheer as Central Banks Enter the Starting Gates
Not so hot was a 9% y/y drop in Chinese property investment, the country’s Achilles heel and another argument for the People’s Bank of China to lower loan rates on Wednesday. It’s a packed week…
House TikTok bill gives China-based owner 6 months to sell. That’s unlikely.
Yet financial experts say the complex legislative process targeting the video app, which is owned by the China-based internet giant ByteDance, may end up being easier than any subsequent transaction.
China’s economic activity starts strong in 2024, though property market remains a challenge
China’s both industrial output and retail sales surprised analysts with stronger-than-expected performance in the early months of the year, providing a welcome boost for policymakers grappling with a …
Asia shares up on China data, await clutch of central bank meetings
Asian shares firmed on Monday as Chinese data surprised on the upside for once, while investors looked to navigate a minefield of central bank meetings this week that could see the end of free money…
China Growth Mixed as Factory Output Jumps, Consumption Lags
China’s economic growth was buoyed by strength in factory output and investment at the start of the year, while a revival in consumption continues to show more muted progress.Most Read from BloombergP …
China’s financial regulator pledges tough regulation with ‘teeth and thorns’ to prevent systemic risks
The National Financial Regulatory Administration (NFRA) will resolutely follow the spirit of the Central Financial Work Conference, Central Economic Work Conference and the recent two sessions, and …
Gold Beans All the Rage With China’s Gen Z as Deflation Bites
With China’s deflation at its worst in 15 years, a volatile stock market and bank interest rates too low for her liking, 18-year-old Tina Hong is placing her financial security in gold beans.
China Police Takes ‘Coercive Measures’ Against Staff at Zhongzhi
Chinese authorities said they took “criminal coercive measures” against some employees at the money management business of Zhongzhi Enterprise Group Co., weeks after a Beijing court accepted the …
China’s yuan loans maintain fast growth momentum in first 2 months
China’s yuan-denominated loans rose by 6.37 trillion yuan (899.8 billion U.S. dollars) in the first two months of this year, maintaining a relatively fast growth momentum, central bank data showed …
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