A term from US history is useful in assessing those accomplishments and stumbles. China has gone through its own “Gilded Age,” delivering growth but also creating many new problems.
FINANCE
China’s Xi hails ‘resilient’ economy in bullish New Year speech
President Xi Jinping said Sunday the Chinese economy had grown “more resilient and dynamic” in 2023, despite financial figures continuing to disappoint as the post-Covid recovery stalls. – Greetings …
Woman divorces husband after uncovering affair and love child, awarded 4 properties by China court and wants to recover all money given to lover
A court in China awarded a woman four properties after she discovered her husband had had a secret second family for 12 years.
Foreign investors unwind $33bn bet on China growth rebound
Nearly nine-tenths of the foreign money that flowed into China’s stock market in 2023 has already left, spurred by mounting doubts about Beijing’s willingness to take serious action to boost flagging …
Investors Have Cut China’s Internet Giants Down to Size
HONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many …
China banking regulator’s former vice-chair handed life sentence
A former vice-chairman of China’s banking regulator has been sentenced to life imprisonment, state media reported Friday, the latest target in a crackdown on corruption in the second-largest economy’s …
China’s central bank agrees Ant Group’s Alipay has no controller
China’s central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma’s Ant Group, the fintech giant that owns the app, according to the …
China’s central bank “sidelined”
The move to downgrade the role of the PBoC reflects growing concerns in ruling circles about continued lower growth.
China panics over economic downturn as warning issued to silence negative analysis
China is seeking to boost public economic confidence by stifling negative commentary about the financial market and other sectors. It comes as President Xi is facing challenging economic headwinds …
Former Vice-chair Of China’s Banking Regulator Handed Life Sentence
A former vice-chairman of China’s banking regulator has been sentenced to life imprisonment, state media reported Friday, the latest target in a crackdown on corruption in the second-largest economy’s …
China’s Stock Market Hit With Massive 87% Drop In Foreign Investment Amid Fears Of Slow Economic Growth, Says Report
China’s stock market recorded a staggering 87% fall in foreign investment in 2023, casting doubts on Beijing’s promise of rejuvenating the slow-paced growth. What Happened: A recent report from the …
China to focus on finance, tech and farms in 12-sector digital push for real economy by 2026
Aims set out in National Data Administration’s draft three-year plan include more than 20 per cent annual growth for the data industry and the doubling of data transactions by 2026.
China to improve fiscal policy effectiveness: officials
China will moderately expand fiscal spending while improving the efficiency and effectiveness of fiscal funds to boost domestic demand and economic development, the Ministry of Finance officials said.
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