Oil was steady after closing at a three-month high with investors assessing the outlook for supply and demand as the US summer driving season ramps up and China emerges from virus lockdowns.Most Read …
FINANCE
World Bank revises China’s economic forecast
The World Bank has revised its economic forecast for China down to 4.3 percent this year, from a higher expectation of 5.1 percent in December, amid COVID-19 outbreaks and changes in the global …
World Bank: China taking steps to boost economy
The global economy is expected to grow at 2.9 percent in 2022, which is only slightly more than half of last year’s expansion, the World Bank predicted on Tuesday, warning that the pain of stagflation…
China Tech Shares Rally as Game Approvals Give Nod to Recovery
China’s tech stocks jumped as the government’s latest batch of new game approvals bolstered bets that the industry’s business outlook is on the mend. Most Read from BloombergAmazon’s Stock Split Deliv …
Guidelines in place to support green finance
Recently released guidelines will significantly increase the degree of attention paid by China’s banking and insurance sectors to the work related to green finance, thus improving efforts to foster …
Bank of China Joins Four Global Institutions in Green Banking Initiative
Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World …
China to extend VAT credit refunds to more sectors
China will extend value-added tax (VAT) credit refunds to more sectors, in the country’s latest efforts to help enterprises navigate difficulties and stabilize the economy, according to an official …
China to Sell $3.46 Billion of Treasury Bonds in Hong Kong
China’s Ministry of Finance unveiled a plan Monday to sell 23 billion yuan ($3.46 billion) of yuan-denominated treasury bonds in Hong Kong this year. The bonds will be issued in four batches, with the …
China readies massive bank bailout fund as slowdown looms
China is expanding its safety net for the financial sector with a new rescue fund that could run into the tens of billions of dollars, as a cooling domestic economy and tightening monetary policy …
China has the world’s largest foreign exchange reserves — and it just grew for the first time in 2022 as the US dollar strengthens
“The current external environment is still complex and severe… and the international financial market is still subject to great uncertainty.” …
China’s ‘economic momentum’ fuelling June’s GDP growth, skewing quarterly estimates
As China’s tier-one cities reopen following coronavirus lockdowns, state media says June looks to be a ‘key window’ for bolstering economic-recovery efforts and ensuring future resilience.
China’s FX reserve rises in May after a four-month decline, stability unchanged: official
director of the Finance and Securities Institute of the Wuhan University of Science and Technology, told the Global Times on Tuesday. Dong suggested that China should speed up the adjustment of its …
How China’s fiscal strength pushes ahead carbon goals
(Xinhua) BEIJING, June 7 (Xinhua) — China has aligned its fiscal strength with pro-ecology and low-carbon efforts to fast-track the pursuit of its carbon goals. A recent guideline issued by the …
