China’s Finance Ministry denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying Wednesday that China’s deficit is at a moderate and …
FINANCE
CICC’s President, CFO Leaves Chinese Investment Bank After Half a Year
After an organizational reshuffle around the fourth quarter of last year, Wu Bo was named CFO and president of CICC in September and October last year, respectively. Wu worked for CICC for 20 years.
China Ramps Up Yuan Support as Fixing Tops Estimates by Record
China signaled continued support for its currency as broad strength in the dollar kept the yuan close to a policy no-go area.
China to step up financial support for green development
BEIJING — Chinese authorities have issued guidelines to strengthen the financial support for green and low-carbon development.
Analysis-What overcapacity? China says its industries are simply more competitive
The last day of U.S. Secretary Janet Yellen’s trip to China coincided with the strongest retort yet from Beijing officials over her claims that China is flooding global markets with cheap goods, …
Fitch cuts China’s ratings outlook on growth risks
Ratings agency Fitch revised its outlook on China to negative on Tuesday, citing increasing risks to the country’s public finance outlook.
Would America dare to bring down a Chinese bank?
One reason Russia’s defence industry has held firm is that, although America and allies have tried to cripple it, others have not. Many countries, including big ones, such as China and India, and …
Yellen Threatens Sanctions for China Banks That Aid Russia War
US Treasury Secretary Janet Yellen wrapped up four days of talks in China with a warning against any moves to bolster Russia’s military capacity.
Fitch cuts China outlook to negative on steady rise in debt
Fitch Ratings revised China’s outlook to negative from stable, saying the government is likely to pile on debt as it seeks to pull the economy out of a real estate-driven slowdown.
As China’s economy falters, so does the confidence of its middle class
China’s middle class is facing new uncertainty as a sluggish economic recovery after Covid-19 challenges President Xi Jinping’s focus on national security.
Beijing Responds to Fitch Rating’s Negative Outlook on China’s Economy
The Ministry of Finance in China has publicly challenged the recent assessment by Fitch Ratings, which maintained China’s A+ credit rating but shifted its forecast to negative. The ministry insists on …
Commercial property: Beijing retail rents jump by most since 2019 with premium office space remaining under pressure
Beijing’s commercial real estate market recovered partially in the first quarter of 2024 and is gearing up for further stabilisation this year as a strong rebound in consumption and policy support …
China hits back after Fitch Ratings downgrades credit outlook, Beijing says local debt risks are controllable
Ministry of Finance says it is a ‘pity’ to see Fitch Ratings revise the outlook on China’s sovereign debt from stable to negative due to concerns over property and public finance stress.
