President Xi Jinping was re-elected for a third term during the Communist Party’s Congress amid an economic slowdown driven by the net-zero policy.
FINANCE
Why China’s tech stocks tanked after CCP’s 20th National Congress
The PBSC, which according to the Financial Times acted as a check on the supreme leader … While Xi’s continued hold on power was expected, during the week-long event many of China’s important …
China Stock Rally Fizzles as Covid Woes Return to Sour Sentiment
Just as Chinese stocks were showing signs of a revival after Monday’s historic rout, traders were reminded of the fragility of a market that’s been bogged down by President Xi Jinping’s Covid-Zero …
Former president of China Merchants Bank arrested over suspected bribes – state media
China’s top prosecutor has decided to arrest Tian Huiyu, a former president of China Merchants Bank, on suspicion of taking bribes and abusing power, state broadcaster CCTV said on Wednesday.
FXI: China Is Not Closing To Private Initiative Or To Foreign Investment
Shares China Large-Cap ETF is a proxy for Chinese stocks, which have crashed in the last few days. See why I expect FXI to perform very strongly looking forward.
China arrests Tian Huiyu, disgraced former CMB president, following Xi Jinping’s pledge of zero tolerance for corruption
Tian Huiyu has been arrested on suspicion of “taking bribes and abusing power”, according to Chinese state-owned broadcaster CCTV, citing the country’s top prosecutor.
China stocks rebound on hope of slower rate rises; COVID lockdowns trim gains
HONG KONG — China stocks had a strong start on Wednesday on hopes that the United States might slow its aggressive interest rate rises but the optimism was partially offset by new COVID-19 lockdowns …
China fiscal deficit balloons to nearly $1 trillion as economy cools
China’s fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, analysis of government data by Bloomberg showed, as a real estate crisis and tax …
China budget deficit nears record US$1 trillion amid slowdown
China’s broad fiscal deficit hit an all-time high in the first nine months of the year as Covid-19 outbreaks and a housing market slump continue to erode government income.
China seeks to promote development of private businesses with more loans
Chinese national flags fly in a street as the 20th National Congress of the Communist Party of China continues in Beijing0, 2022. REUTERS/Thomas Peter …
How Xi Jinping Can Make China’s Markets Investable Again
The president stacked his inner circle with loyalists, spooking international investors who swiftly dumped the nation’s assets.
Xi Jinping provokes a spectacular sell-off in China’s markets
The future of China’s markets will thus be determined by the tug of war between value and values. For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money…
It looks like China’s Xi ‘installed a war cabinet’ and removed the reformers, says Kyle Bass
Hayman Capital’s Kyle Bass says China’s Xi Jinping installed a “war cabinet” and removed all the “reform and opening” people.