BEIJING — The People’s Bank of China (PBOC), the country’s central bank, said it will implement a mix of policy measures to stabilize market expectations, resolutely prevent major exchange rate fluctuations, and keep the RMB…
FINANCE
China: A slowdown sends tremors worldwide
The smartest insight and analysis, from all perspectives, rounded up from around the web:
Growing pressure on Xi as China’s economic woes mount
China is being hit immediately by two interconnected developments: a worsening property market, a mainstay of the economy, and an accelerating liquidity crisis in the shadow banking system that has the potential to spread more…
Evergrande seeks US court nod for $32 billion debt overhaul as China economic fears mount
Embattled developer China Evergrande Group has filed for U.S. bankruptcy protection as part of one of the world’s biggest debt restructurings, as anxiety grows over China’s worsening property crisis and its impact on the weakening…
China’s Securities Regulator Takes Steps to Improve the Market, but Investors Weary
On Friday, China’s securities watchdog introduced a set of measures geared towards shoring up the country’s deteriorating stock market. Recently, Chinese stocks have embarked on a steep downward path amidst the deepening housing market crisis.
China trust deficit: crisis spurs shadow banking policy response calls
Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country’s …
Beijing announces $1.4B robotics fund
The fund is part of a broader effort to establish Beijing as the industry’s international industrial highland.
Investors Fear a Financial Contagion in China
Troubles at a big trust company are making investors worry about fallout from the country’s slumping property sector.
Evergrande files for bankruptcy in US, fueling worries about China property crisis
The Chinese developer has sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or
SpaceX and Blue Origin are being targeted by spies from China, Russia, feds say
Chinese and Russian spies are looking to steal sensitive technology and data from US space companies including SpaceX and Blue Origin, according to a federal government communique. The National
China fuels US bond rout by slashing holdings to 14-year low as Washington-Beijing tensions drag on
US Treasury prices have tanked in 2023, with investors fretting about the Federal Reserve’s interest-rate hikes.
China’s small independent developers see local innovation being stifled by Beijing’s new app registration rule
The latest ruling from Beijing that requires all mobile app providers to submit their business details to the government has raised concerns at some independent Chinese software developers, who expect …
China’s Central Bank Looks Uncomfortable With Its Weak Currency
China’s currency is weakening against the U.S. dollar—and the country’s central bank is pushing back. The People’s Bank of China sets a daily reference rate for the yuan, and allows the onshor
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