China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European Central Bank said Friday.
FINANCE
China reopening will add to global inflationary pressures, ECB’s Lagarde says
China’s reopening after debilitating pandemic restrictions is likely to add to global inflationary pressures as the world’s second-largest economy ramps up commodity consumption, European Central Bank …
Chinese Cite Financial Impact From Covid for Not Wanting to Travel Abroad
Chinese travelers cite financial constraints over the last three years as the leading reason for not wanting to travel abroad.
Why Biden’s chip war on China is straining US alliances
Yet, while the overall amity among Western and allied countries has seemed robust since the Russian invasion, cracks are appearing in one particular area for Biden: the US targeting of China’s …
Billionaire Chairman of China Evergrande Group Has Lost Over 90% of His Fortune
The past few years have not been great for the super-rich in China, particularly those who built their fortune in the country’s once red-hot property market. The net worth of Hui Ka Yan, chairman of…
US wants to oppose China, EU wants to engage it: French finance minister
EUROPE mustn’t get embroiled in a standoff between China and the US, and should instead forge its own path in strengthening economic relations, French Finance Minister Bruno Le Maire said. Read more …
Le Maire Says US Wants to Oppose China, EU Wants to Engage It
Europe mustn’t get embroiled in a standoff between China and the US, and should instead forge its own path in strengthening economic relations, French Finance Minister Bruno Le Maire said.
Krugman, China’s Demographic Crisis, and the Which Way Is Up Problem in Economics
I rarely disagree in a big way with Paul Krugman, but I think he misses the boat in an important way in his piece on China’s alleged demographic crisis.
China’s financial hub Shanghai targets 2023 GDP growth at over 5.5 pct
“China’s financial hub Shanghai expects to notch a year-on-year gross domestic product (GDP) growth of over 5.5% this year”, – according to a government work …
The view forward on China ‘has to be a productivity bet’, says JPMorgan
James Sullivan of JPMorgan says there are “three key challenges” China faces in its recovery story, but “ultimately”, productivity is the most important question for investors.
The case for investing in China’s reopening is strong. Here’s how to proceed with caution
Strategists see an increase in foreign investing as China moves away from its zero-Covid policy. They expect good returns but also urge caution.
Emerging market stocks look more appealing as China reopens, says Andres Garcia-Amaya, Zoe Financial CEO
Amaya, Zoe Financial CEO, joins ‘The Exchange’ to discuss investment in emerging market stocks, currency considerations for overseas investing and relative economic growth driving the dollar.
China keeps benchmark lending rates steady for fifth month
China kept benchmark lending rates unchanged for a fifth month on Friday, as expected, but analysts say future cuts are possible as the central bank has pledged to support the COVID-ravaged economy.
