(MENAFN- Gulf Times) New bank loans in China jumped more than expected to a record 4.9tn yuan ($720.21bn) in January as the central bank looks to kickstart a recovery in the world’s second-biggest …
FINANCE
Stocks to target in Asia after easy wins from China’s reopening. Plus, the 2023 online brokers guide and the GIC market gets tricky
says finance professor Dr. George Athanassakos. The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not be as deep and …
China’s Reopening Could Be a ‘Ray of Sunshine’ for Investors
***Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended …
Why China’s Reopening Could Be a ‘Ray of Sunshine’ for the U.S. Stock Market
Higher interest rates tend to weigh on the price of financial assets, like stocks. Between significant losses in the stock market and continued fears around a possible recession, investors have had a …
UPDATE 1-Yellen says China should move faster on some debt restructurings
One forum to discuss them will come later in February in Bengaluru, Yellen said, where G20 countries will convene a debt restructuring roundtable in which China’s finance minister and central bank …
Germany’s China Dependency Is Dangerous, Finance Minister Says
Finance Minister Christian Lindner is worried that Germany’s economy is becoming too reliant on China and called for closer trade ties with democratic countries to counteract this dependency.
China Jan new bank loans jump more than expected to record 4.9 trln yuan
BEIJING (Reuters) – New bank loans in China jumped more than expected to a record 4.9 trillion yuan ($720.21 billion) in January as the central bank looks to kickstart a recovery in the world’s second…
China’s new yuan loans at 4.9 trln yuan in January
File photo shows the headquarters of the People’s Bank of China in Beijing, capital of China. (Xinhua/Cai Yang) BEIJING, Feb. 10 (Xinhua) — China’s new yuan-denominated loans totaled 4.9 trillion …
China’s loan growth beats consensus but results are unbalanced
China’s loan growth is usually strong in the first quarter of the year. But this time, we saw a historic jump, pointing to strong loan demand during …
China’s outbound direct investment rises 5.2% to $145b
Overcoming the adverse impact of external environment, China’s outbound direct investment, or ODI, grew smoothly and steadily in 2022, according to the Ministry of Commerce. China’s ODI, rose 5.2 …
China to set up national blockchain technology research center in Beijing
China has given the go-ahead to set up the National Blockchain Technology Innovation Centre in Beijing to run blockchain research and development, according to local media.
China Cash Squeeze Eases as PBOC Adds 1 Trillion Yuan in 3 Days
China’s cash squeeze eased, with a gauge of overnight funding costs dropping the most in a week, after the central bank injected some $150 billion into the financial system over three sessions.
As China battles crises, HSBC bets big on India’s $400 bn pile of wealth
Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed a tiger stalking over the British bank’s hexagonal red logo …