Get the full experience.Choose your plan The governor of the People’s Bank of China is the most prominent Chinese figure in finance circles but the post’s powers are limited. The bank is controlled by …
FINANCE
Yuan jumps as Beijing vows to boost economy; euro and pound stem losses
China’s yuan strengthened after the country’s top leaders pledged to step up policy support for the flailing economy, while the euro and sterling steadied after several days of declines as investors …
China’s gold consumption reaches 555 tons, rising 16.4% in the first half of 2023
China consumed 554.88 tons of gold in the first half of 2023, up 16.37 percent year-on-year, data from the China Gold Association (CGA) showed on Tuesday, as Chinese citizen’s income continues to rise …
Chinese Female Tycoon Gains $1 Billion After Beijing Vows To Support Struggling Property Sector
Wu Yajun, the billionaire cofounder of real estate developer Longfor Group, added $1.1 billion to her net worth on Tuesday.
Beijing’s stimulus talk sends iron ore miners flying
BHP, Rio Tinto, and Fortescue Metals soared on Tuesday as investors bet on rising commodity demand and prices to fuel China’s economic recovery.
China’s Politburo Calls Quicker Issuance of Local Gov’t Special Bonds
China’s positive fiscal policies have been mostly having two tools in recent years, policies to cut taxes and fees to ease companies’ burden and stimulate the market and large-scale special local …
China State Banks Seen Selling US Dollars to Prop up Yuan -Sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with …
Nio helps lead strong China stock rally amid upbeat economic commentary, while Alibaba shares get a lift
U.S.-listed shares of Chinese stocks were getting a lift Monday after reports of upbeat economic commentary from the government.
China-Africa relations: Wang Yi pledges Beijing will help Ethiopia recover and boost ties with Kenya and Nigeria
China’s top diplomat makes a surprise stop in Addis Ababa and says Beijing is ‘willing to play a positive role in easing Ethiopia’s debt pressure’.
China vows to ‘adjust and optimize’ property policy in ‘torturous’ economic recovery
China’s leaders also pledged to “actively expand domestic demand … It also deems “necessary” the strengthening of financial supervision and the steady reform of high-risk small and medium-sized …
China property stocks slump as liquidity fears revive
The Hang Seng Mainland Properties Index lost 6.4% to trade at an eight-month low amid renewed investor concerns over China’s beleaguered real estate sector.
If the US is serious about countering China, why does it ignore Africa?
The Development Finance Corporation, Department of Commerce, and State Department should be in overdrive to get American business into Congo. If they try, they may find an open door while China is …
Analysis-China’s pitch to foreign investors falls flat as incentives dwindle
China is struggling to revive foreign investment in its financially battered cities and provinces as foreign firms remain wary of political risks and new incentives fall far short of sweeteners once …
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