It may be an elegant way for the bank to start stepping back from an investment that no longer looks so compelling …
FINANCE
US-China trade war could push ECB to continue easing
What’s more, China’s yuan has fallen almost 10% against the euro over … Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn. Plus …
Why The ‘Bond Vigilantes’ Are Coming For China, Too
The People’s Bank of China is having a busier-than-usual summer, and not just because of Donald Trump’s tariffs.
China’s finance minister vows fiscal support to spur demand, curb local government debt
Beijing will also boost stimulus to support families and further back emerging industries, finance minister says.
China earmarks $16 billion budget for 2025 childcare subsidies
It is reported to be 3,600 yuan per year for every child, until they reach the age of three. Read more at straitstimes.com. Read more at straitstimes.com.
Alibaba’s finance chief voices confidence in China’s AI boom and consumer market
Toby Xu Hong says Alibaba’s substantial investments in AI and delivery services are are an endorsement of China’s progress.
China to earmark 90 billion yuan for childcare subsidies
BEIJING — China’s central budget will allocate 90 billion yuan (about $12.6 billion) this year to support the issuance of childcare subsidies, the Ministry of Finance said Wednesday.
Trump Set to Make Final Call on China Tariff Truce Extension
US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between…
China earmarks $12.5 billion budget for 2025 childcare subsidies
China’s finance ministry on Wednesday said it had earmarked 90 billion yuan ($12.54 billion) as an initial budget for childcare subsidy payments this year, after authorities announced the payment …
HSBC first-half profit slumps 26% as China losses mount
HSBC Holdings reported a 26% slide in first-half pretax profit on Wednesday, missing analyst estimates, as impairments from its investment in China’s Bank of Communications and exposure to Hong Kong …
‘Pervasive sense of fear’: China steps up exit bans
The opaque restrictions existing in China risk damaging foreign business confidence, experts and investors warn.
China’s finance minister pledges stronger fiscal policy support including childcare subsidies to ramp up economy
Chinese Minister of Finance Lan Fo’an pledged on Wednesday to accelerate the implementation of childcare subsidy policy, including gradually rolling out free pre-school education, and providing …
‘The meetings were very constructive’: US, China seek to extend tariff truce, Trump to decide
No major breakthroughs were announced, and U.S. officials said it was up to President Donald Trump to decide whether to extend a trade truce that expires on August 12 or potentially let tariffs shoot …
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