BEIJING — Police in eastern China shot dead a would-be bank robber Tuesday and freed the hostage he had taken, in a rare instance of violent crime in the tightly controlled country. A notice on…
FINANCE
China’s financial sector executives face deeper pay cuts as firms heed President Xi’s ‘common prosperity’ push
Senior executives across China’s US$58 trillion financial system are facing additional pay cuts as firms weigh options to comply with President Xi Jinping’s ‘common prosperity’ drive.
China hedge fund who bet on Li Auto lost big in Oct, cut positions
Brilliance Asset Management, one of Asia’s largest hedge funds with a China focus, posted a massive loss last month after a drop in Chinese stocks hammered its big bet on an electric vehicle maker.
China’s envoy urges developed countries to ‘make pie bigger’ on climate finance
Xie Zhenhua, special representative for President Xi Jinping and China’s special envoy for climate change, made the remar Xie noted in his address that developing countries are the principal victims …
The Real China Threat: Treating Beijing as an Enemy Risks Turning it into One
U.S.-China relations seemingly take place between two inevitable foes, descending each week over a multitude of rows ranging from economic to ideological. However, the imminent threat that each side …
China’s economy loses momentum as Covid curbs hit factories, consumers
China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for the first time in five months, underscoring faltering demand at home and …
China Bankers Face Deeper Pay Cuts in ‘Common Prosperity’ Push
Senior executives across China’s $58 trillion financial system are facing additional pay cuts as firms from investment banks to mutual funds weigh options to comply with President Xi Jinping’s “common …
China keeps key lending rate unchanged as policymakers balance yuan, economic risks
China’s central bank partially rolled over maturing medium-term policy loans and kept the interest rate unchanged for a third straight month on Tuesday, suggesting policymakers remain wary of stoking …
China’s central bank partially rolls over medium-term policy loans, rate unchanged
China’s central bank partially rolled over maturing medium-term policy loans while keeping the interest rates unchanged for a third straight month on Tuesday, largely meeting market expectations. The …
China’s central bank leaves key policy rates unchanged
China’s central bank kept its key policy rates unchanged Tuesday, suggesting that it may maintain benchmark lending rates despite more signs of weakness …
UPDATE 1-China Oct property investment slumps at fastest pace since early 2020
Two sources told Reuters on Sunday a notice to financial institutions from the People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) laid out 16 steps to …
China October Retail Sales, Industrial Output Miss Expectations
China on Tuesday reported slower-than-expected growth in factory output and retail sales for October, as a surge in Covid cases and a deepening property slump weighs on the economy.
China cbank partially rolls over medium-term policy loans, rate unchanged
China’s central bank partially rolled over maturing medium-term policy loans while keeping the interest rates unchanged for a third straight month on Tuesday, largely matching market expectations.