In June, China’s central bank lowered a short-term lending rate for the first time in 10 months to help drive its recovery following last year’s Covid lockdowns. “To counteract persistent growth …
FINANCE
China GDP: disappointing second-quarter growth tests Beijing’s ammunition to fix uneven economic recovery
China’s economic growth in the second quarter was below market expectations despite Beijing’s effort to boost the post-coronavirus pandemic recovery.
Global debt dominates G20 finance talks
G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global …
Beijing talks up ailing property market with upbeat assessment after data shows housing demand remains weak
The ongoing clean-up in China’s property sector has rocked the market, but these are temporary setbacks and a resolution could give long-term stability to the industry.
What China’s slump means for the world
It is the flip side of President Xi Jinping’s focus on making China more of an economic and financial island. Compared to other nations, there are few pathways of interdependence through which, say, …
China’s Wealth Assets Are On the Rise Again After June’s Drop, Citic Securities’ Ming Says
The size of wealth management products generally shrinks the last month of a quarter from the previous month because of factors such as end-of-quarter assessments and maturity settings, Ming Ming, …
China growth slump, and what it means for the U.S.
China’s post-pandemic reopening isn’t going so well. But the economic implications for the rest of the world, and especially the United States, are more limited — and two-sided — than they may seem.
China’s Last Economic Gasp?
China’s just-announced 6.3 percent GDP growth in the second quarter comes with a series of drawbacks. Here’s a primer on the issues with the new numbers from Beijing’s propaganda arm.
Yellen says China slowdown risks spillovers but no U.S. recession
Treasury Secretary Janet Yellen said that China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the U.S.
Yellen says China slowdown risks spillovers but no American recession
The United States is on a “good path” to bring inflation down without a major weakening in the labor market, the treasury secretary said.
Thanks to communism, China’s economy may never outpace American dominance
Despite the Biden administration’s humiliating displays of homage to the bureaucrats in Beijing, the Chinese Communist Party may very well need the grace and favor of the West, and the United States …
China Evergrande liabilities fall in 2022, but board sees doubt as ‘going concern’
China Evergrande’s (EGRNF) total assets slid by 13%, outpacing its total liabilities decline of 5.5% in 2022, the debt-hobbled Chinese property developer disclosed in its …
U.S. stock futures struggle for momentum as China data weighs on sentiment
MARKET SNAPSHOT U.S. stock futures were mostly lower Monday after some disappointing news on China’s economy damped risk appetite across global markets.How are stock-index futures trading …
