China will boost fiscal expenditures appropriately in 2023 to support the economy, focusing on tech innovation and key strategic sectors, the finance ministry said on Thursday.The fiscal policy will …
FINANCE
China’s Finance Ministry: Will adjust trade tariffs on some goods from January 1
Citing the tariff commission of China’s state council, the country’s Finance Ministry said in a statement on Thursday, China will adjust import and export tariffs on some goods from January 1. “China …
China’s reopening is a ‘mixed blessing’ and ‘wild card’ for 2023, says OCBC Bank
Vasu Menon of the bank says inflation could be “reignited” after China’s reopening, but on the flip side, the resumption of production and the easing of supply chains could lead prices to fall. For …
China’s COVID surge is spreading — with good and very bad news for the world economy
It would be a gross understatement to say China is ill-prepared for President Xi Jinping’s recent abrupt abandonment of his zero-COVID policy. With a large part of the population inadequately …
Beijing easing to foster Thai growth in 2023
The Federation of Thai Industries (FTI) expects Thailand’s economic recovery to hit the fast track next year, driven by higher tourism revenue and exports following China’s decision to reopen its …
COVID flare-up to weigh on China EV sales in Q1 2023, report says
China’s re-opening may take a bite out of the country’s all-important auto sector. The South China Morning Post (SCMP) reports that a flare-up in Covid-19 cases will hit China’s EV industry, resulting …
China needs to ‘stay in front’ of COVID to see a smooth reopening, strategist says
Blue Line Futures Chief Market Strategist Philip Streible joins Yahoo Finance Live to discuss China’s reopening and other primary concerns going into 2023, oil prices, and geopolitical risks to …
Senate probes major automakers over alleged link to Uyghur forced labor in China
The Senate Finance Committee is investigating eight major automakers after a report linked their supply chains to the use of Uyghur forced labor in Xinjiang, China.
China to remove COVID-19 quarantine for international travelers
Yahoo Finance Live anchors Julie Hyman and Jared Blikre discuss reports that China will lift its COVID quarantine rules for international travelers as the country seeks to do away with its zero-COVID …
Hong Kong Ends Last Covid Curbs in Bid to Revive Finance Hub
Hong Kong will end some of its last major Covid rules, scrapping gathering limits to vaccination checks and testing for travelers, in a sweeping overhaul of policies aimed at reviving its reputation …
Global shares muted as investors fret over China reopening
The global gauge is on course to end 2022 19.5% down, in its worse performance since the financial crisis of 2008, having buckled under the pressure of red-hot inflation in Western economies, major …
China’s financial centers return to growth
According to the report, the total added value of the financial industry in 36 Chinese financial centers reached 5.69 trillion yuan ($816.5 billion) in 2021, accounting for 62.4 percent of the figure …
China tests a US-style grading scheme to ring-fence banking system from risks as it opens financial market to more foreign participation
The scheme is based on a descending scale of one to five, with the best-run 1A banks scoring between 95 and 100 points, while those with less than 45 points are rated five The new…
