China’s consumer demand recovery needs time to pick up due to the “scarring effect” of COVID-19 and the central bank will consolidate its financing support for the real economy, officials from the …
FINANCE
China regulators plan new bond market rules, to coordinate more after turmoil -sources
Chinese authorities plan to further “reshape” the country’s bond market but have learnt lessons from the chaos that ensued when a data feed ban was abruptly imposed last month, two regulatory sources …
Yellen to lay out U.S. economic priorities on China in Thursday speech
U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration’s principal objectives for the U.S.-China economic relationship in a speech in Washington, the Treasury said on …
China’s economy jumps 4.5%, more than expected
The end of strict COVID lockdown policies in China marked the beginning of the country’s economic rebound, just as the outlook for worldwide growth darkens. Driving the news: During the first quarter …
China economy’s recovery risks fuelling West’s red-hot inflation – latest updates
China’s economy grew faster than expected in the first three months of the year thanks to higher consumer spending, raising fears that the recovery will unleash a new surge in global inflation.
European shares rise on strong China recovery, US bank results on tap
European shares rose on Tuesday, as investors awaited more U.S. bank earnings to gauge the health of the sector, while China’s stronger-than-expected economic recovery boosted sentiment.
China’s reopening will benefit only a few banking systems in Asia-Pacific, says Moody’s
China’s reopening will be a boon to the economies — and hence the banking systems — of Hong Kong (Aa3 stable), Macau (Aa3 stable), Mongolia (B3 stable) and Thailand (Baa1 stable), given their close …
China’s fiscal revenue rises during first quarter
China’s fiscal revenue rose 0.5 percent year-on-year in the first quarter of 2023, while fiscal expenditure grew by 6.8 percent over the same period, the Ministry of Finance announced Tuesday. Li …
China fiscal revenue turns higher in March on recovering economic activity
China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue …
China’s GDP grew by 4.5% in quarter, boosted by consumption
China’s gross domestic product grew 4.5% in the first quarter of the year, boosted by increased consumption and retail sales, after authorities abruptly abandoned the stringent “zero-COVID” strategy …
China’s 7th largest lender Citic Bank names reformist chairman
China Citic Bank Corp. Ltd., the country’s seventh-largest lender by assets, has named a new chairman and president.
Dollar Firm on Fed Rate Hike View, Focus on China Data
SINGAPORE (Reuters) – The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while …
IMF: China contributes to global financial stability
WASHINGTON: China’s economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, says an International …
