Beijing has relaxed visa rules to attract more visitors in recent months, in line with intentions to stimulate a national economy beset by a property crunch, employment hurdles and hesitant consumer …
FINANCE
China protests Taiwan minister’s role at Seoul summit backed by U.S.
SEOUL, March 18 (Reuters) – China rebuked South Korea on Monday for Taiwan’s participation in a U.S.-backed democracy summit in Seoul, where the island’s Digital Minister Audrey Tang delivered an …
West decries Putin’s landslide election win, China congratulates him
Putin wins 87% of vote in weekend election, says Kremlin Western governments say election was rigged, undemocratic Condemn holding of election in occupied Ukraine regions China, North Korea …
Property investment in China dips 9% year-on-year in Jan-Feb 2024
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.
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 …
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