The Evergrande City Plaza shopping mall in Beijing, outside a residential complex built by indebted property developer Evergrande, is deserted on Aug. 18. Evergrande filed for Chapter 15 bankruptcy …
FINANCE
China’s economic stimulus gathers pace with consumption and property moves, but more needed for drastic reversal
Policies to lower existing mortgage rates and tax cuts for families with children and elderly relatives are some of the most substantial taken And while they have fuelled expectations for further …
China ETFs attempt to book best day in a month after PBOC vows to support weak yuan with forex reserve ratio cut
Exchange-traded funds that invest in Chinese stocks are on track for their best day in a month after People’s Bank of China said that it will lower …
China GDP Growth Slows Down Hard, Revealing Unsustainable Pace Of The Past
GDP growth rate plunges down to levels not seen since the height of the pandemic. Many factors are contributing to slower growth and instability.
U.S. Commercial Real Estate Seems Safe From China’s Troubles. That Could Change Fast
Some have even speculated that the companies’ liquidity problems constitute a “Lehman moment” for China — a reference to U.S. banking giant Lehman Brothers’ September 2008 bankruptcy filing that …
UBS says sell Volkswagen and Renault shares — China will crush them
Shares of Renault and Volkswagen are falling in Europe, after UBS downgraded both to sell, citing the seriousness of China’s competition.
China’s Central Bank Tries to Ease Pressure on Currency
China’s central bank has cut the amount of foreign currency banks need to hold in reserve. The move is an attempt to boost the yuan, which has tumbled this year as the economy has faltered…
China tries again to support its battered economy, bringing in new measures to boost the yuan
The renminbi has plummeted against the dollar this year, with growth stagnating and China battling a property crisis.
Factbox-China’s Measures to Shore up a Faltering Economy, More Support Expected
July 24- China’s top leaders, at a Politburo meeting, pledged to step up support for the economy, signalling more stimulus steps. A rare omission of “housing for living, not for speculation” in the …
China’s Aug factory activity picks up unexpectedly – Caixin PMI
China’s factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to …
Top China banks slash deposit rates – Will it help though?
In a desperate attempt to buffer their diminishing margins, five of China’s premier banks recently cut deposit rates. This seemingly coordinated effort appears to be a move towards reviving a …
Super Typhoon Saola sweeps towards southern China megacities
Southern China hunkered down Friday as Super Typhoon Saola barrelled towards finance hub Hong Kong and neighbouring Guangdong province – Copyright AFP Mladen ANTONOVTens of millions of people across …
Inside the downfall of embattled property developer China Evergrande
By Engen Tham, Julie Zhu and Clare Jim SHANGHAI/HONG KONG – In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use…
