Michelle Lam of Societe Generale says the Shanghai lockdown in the second quarter is a significant reason for slowing growth.
FINANCE
Beijing’s Delicate Geopolitical Balancing Act
Chinese President Xi Jinping is facing political risks as he tries to balance competition and cooperation with the West …
Adidas lowers financial outlook again amid continued China, inventory issues
Adidas said if it excluded China, its third quarter revenues in all other regions would have grown in the double digits.
Expanded use of RMB may stabilize global financial market
Liu Ying, a researcher at Renmin University of China’s Chongyang Institute for Financial Studies, said the US dollar’s liquidity has tightened globally after the US Fed’s three consecutive interest …
China’s central bank says it will better implement monetary policy
China’s central bank will better implement its prudent monetary policy and create a sound environment for supporting economic growth and employment, deputy central bank governor Pan Gongsheng said on …
Pacific Rim finance leaders mull ways to curb inflation
Finance ministers of major Pacific Rim economies pledged Thursday to combat inflation and target spending to support sustainable growth at a meeting in Bangkok ahead of a summit next month.
China Leaves Key Lending Rate Unchanged as Yuan Weakens
The People’s Bank of China kept two key lending rates unchanged on Thursday for a second consecutive month, as it grapples with slowing economic growth and a severely weakened yuan. The central bank …
China shares drop, HK stocks hit lowest since financial crisis
China shares fell on Thursday morning, while Hong Kong stocks hit levels last seen during the 2008-09 global financial crisis, as overnight Wall Street losses and a resumed slide in the yuan dented …
China Central Bank Keeps Benchmark Lending Rates Unchanged
The People’s Bank of China held the benchmark lending rates unchanged as expected, as the yuan continues to face increasing downward pressure.
China’s Xi Jinping sends ‘warning signal’ to the wealthy as he opens new front in ‘common prosperity’ push
President Xi Jinping’s report to the 20th party congress signalled more robust regulation to evenly distribute the spoils of China’s rapid development Analysts expect a wider array of taxes to support …
China’s economy badly hit by Covid lockdowns, negatively affecting businesses, consumers
The economic indicators from China don’t look encouraging as the country had been badly hit by widespread coronavirus lockdowns negatively affecting both businesses and consumers. China, the world’s …
China’s economy in the new era: Finance and taxation
Reform of the fiscal and taxation systems is an important part of comprehensively deepening reform of China. It promotes high-quality economic and social development, and improves people’s lives.
China Quietly Abandons Goal of Overtaking U.S. Economy
The Chinese government also delayed the release of third-quarter GDP data on Tuesday without providing a reason.
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