said Gaël Combes, head of fundamental research at Unigestion. “China is probably unlikely to provide the lift is has provided in the past, like during the global financial crisis.” Wall Street was set …
FINANCE
China’s growth falls to second-lowest level in decades last year, but is improving
The world’s No. 2 economy grew by 3% in 2022, less than half of the previous year’s 8.1% rate, official data showed Tuesday.
China’s reopening will boost Hong Kong markets despite weak GDP print, HKEX chairman says
Hong Kong markets are set to benefit from the reopening of the Chinese economy, despite Beijing’s disappointing annual GDP growth rate in 2022, according to HKEX Chairman Laura Cha.
China’s 2022 economic growth one of the worst on record, post-pandemic policy faces test
China’s economic growth in 2022 slumped to one of its worst in nearly half a century as the fourth quarter was hit hard by stringent COVID curbs and a property market slump, raising pressure on…
China’s Economy Fails To Meet Government Target, Expanding 3% In 2022
China’s economy grew just 3% last year, well below the government’s previous target of around 5.5% as headwinds including stringent Covid restrictions and a crackdown on the real estate sector took a …
China bad-debt firms plan property support of up to $31 billion
Measures are being stifled by large-scale coronavirus outbreaks after Beijing suddenly abandoned its Covid Zero policy. Read more at straitstimes.com.
China’s Overwhelming Debt Burden Points To Still Deeper Problems
Such measures may offer temporary relief, but they cannot address China’s deeper economic troubles and their reflection in financial markets. The size of China’s debt problem is truly staggering. At …
Janet Yellen to meet Chinese finance minister in Zurich this week
US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, in a surprise move that signals Washington and Beijing’s commitment to improving ties between the two …
Traditional bank stands to gain as it embraces the digital needs of young millennials disrupting the industry
HSBC extends its lead by embracing the market disruption caused by young millennials, who seek seamless digital services, a personal banking experience and a strong performance record from their bank.
China Bad-Debt Firms Plan Property Support of Up to $24 Billion
Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the …
China pledges increasing spending on COVID containment -finance ministry
China will also support the use of special local government bonds on building qualified health care projects, as the country is seeing a surge in COVID infections after Beijing abruptly removed string …
Foreigners Return to China Bluechips as Stocks Near Bull Market
Global investors are snapping up Chinese bluechips from large consumer staples to financial firms again as the nation’s stocks rally on optimism about a reopening from Covid curbs.
China Injects Less Cash Than Expected Before Lunar Holidays
China’s central bank added less cash than expected into the banking system via policy loans while keeping the rate unchanged this month even with funding demand on the rise into Lunar New Year …