China has extended some policies to bolster its ailing property market, as the country struggles to reignite economic growth.
FINANCE
China’s search engine pioneer unveils open-source large language model to rival OpenAI
Sogou founder Wang Xiaochuan said on Weibo that “China needs its own OpenAI.” The Chinese entrepreneur is now inching closer to his dream as his nascent startup Baichuan Intelligence rolled out its …
China’s June new bank loans jump to 3.05 trln yuan, beat forecasts
BEIJING, July 11 (Reuters … Broad M2 money supply rose 11.3% in June from a year earlier, according to central bank data on Tuesday, above the poll’s estimates of 11.2%. M2 expanded by 11.6% in…
Conflict with Beijing cost Chinese tech giants billions Bloomberg
Ant Group and Alibaba collectively lost more than 850 billion over the past three years the news outlet reports Chinese tech giants Ant …
Chinese real estate stocks rise as Beijing extends property support measures
The move encourages financial institutions to continue deferring loan payments, while propping up financial support for real estate enterprises …
Property stocks spur Hong Kong market rebound as Beijing nudges banks to aid stressed developers while hedge funds return
China asks onshore lenders to extend loan maturity by a year for stressed developers to help them finish projects, deliver homes on time Hedge funds were seen buying back Chinese stocks to cover their …
China’s $103.5 billion bank rout shows who pays price for rescues
A Bloomberg Intelligence stock index of Chinese lenders has tumbled 14 per cent from this year’s high in May. Read more at straitstimes.com.
China property shares rise on financial support policy
Shares of Chinese property developers rose on Tuesday after Chinese regulators extended some policies in a rescue package introduced in November to shore up liquidity in the real estate sector. The …
China needs to do a lot more to move commodity demand: Rakesh Arora
So, people were not very confident that Foxconn is a serious player. And secondly, Vedanta itself is going through a lot of financial issues. They do not have the wherewithal or the funding to be…
China’s Economy Is Slowing. Here’s Why that Matters
This was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back to help power global growth. Instead, it’s facing a confluence of problems: Sluggish …
China’s $77 Billion Bank Rout Shows Who Pays Price for Rescues
Investors in Chinese bank stocks are getting a painful reminder of who’s likely to bear the brunt of government efforts to shore up the embattled real estate sector and revive economic growth.
Yellen offers no concessions in economic push against China
One of her central aims was to promote the fiction that the widespread technology bans are only related to possible military use and not aimed at crippling Chinese economic advances in this area.
Stress Is Building in China’s $12 Trillion Onshore Credit Market
The chairman of the country’s second-largest builder, China Vanke Co., called the housing market “worse than expected” as he joined a chorus of voices darkening on the sector. June sales among the 100 …
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