China’s banking and insurance regulator said it would ramp up financial support for businesses in the service sector that had been hammered by Covid-19 outbreaks.
FINANCE
Futures Climb as China Eases COVID Curbs
China said it would stop requiring inbound travelers to go into quarantine starting Jan. 8, a major step in reopening its borders, adding that it would also downgrade the seriousness of COVID as it …
China to step up financial support to COVID-hit catering, tourism sectors
China will step up support to small and private businesses in the catering and tourism sectors that were hit hard by the COVID-19 epidemic, the country’s banking and insurance regulator said in a …
What’s News: Business & Finance
Business & Finance …
China stocks extend gains as Beijing dismantles zero-Covid with border reopening in early 2023
Onshore stocks advance as Beijing continues to dismantle its zero-Covid regimen. It will downgrade the coronavirus on January 8, and scrap quarantine for arrivals.
Interview: Egyptian economist says China’s economic future bright, set to bolster global recovery
The future of China’s economy is bright and set to play a significant role in aiding a global economic recovery, said Waleed Gaballah, professor of financial and economic jurisdictions at Cairo …
We’re more positive on China than we’ve ever been, says asset management firm
James Morton of Santa Lucia Asset Management says there’s “no real point doing bonds in China anymore,” and stocks are “the place to be.” …
Officials: China has survived worst moment
BEIJING: China’s economy has survived the most difficult phase and the country’s optimised Covid-19 response measures will have a positive effect on the economic recovery, according to officials and …
China’s debt distress among local governments seen rising in 2023, with hard-to-reach economic targets
An economic recovery, particularly in China’s eastern powerhouse region that includes Shanghai, may not be sufficiently buoyed by taxes and land sales, according to analysts.
China’s antitrust body fines academic database platform owner CNKI US$12.6 million for monopolistic practices
China’s antitrust watchdog fined China National Knowledge Infrastructure (CNKI) 87.6 million yuan (US$12.6 million) for monopolistic behaviour, while the nation’s biggest academic database owner …
China May Need to Raise Budget Deficit Goal, Ex-Finance Minister Says
China may need to set a budget deficit target at above 3% of gross domestic product next year, as the country strives to improve its economic performance, former Finance Minister Lou Jiwei said.
China digital currency: e-CNY wallet borrows Alipay and WeChat Pay’s electronic red packet feature to woo users
While the e-CNY app has been made available for public download for about a year, it continues to be an uphill battle to convince consumers to use it.
US-China business cooperation is prevailing, despite tensions elsewhere
Between China agreeing for its US-listed firms to be audited and the US extending exemptions on trade tariffs, it’s clear both countries can be pragmatic when needed With the Xi-Biden meeting in …