Iron ore prices cheered China’s decision to cut its benchmark interest rate for mortgages by an unexpectedly wide margin, and there are several factors that suggest a renewed rally is on the cards. By …
FINANCE
China’s policy bank has provided 25.2b yuan in elderly care loans since 2021
BEIJING – China Development Bank, one of the country’s policy banks, has extended 25.2 billion yuan ($3.77 billion) in loans for elderly care services since 2021, the start of the country’s 14th …
China to Take Targeted, Forceful Steps to Support Economy, Cabinet Says
China will adopt a package of targeted and forceful measures to support the economy, state media quoted the cabinet as saying on Monday. China will strive to bring its economic operations back to …
Tencent chief causes stir with repost of article on China’s economy
Pony Ma, the low-profile founder of tech giant Tencent Holdings, created a social media stir over the weekend by reposting an article on China’s economy, an unusual breaking of silence by a Chinese …
China stocks end lower as Beijing COVID concerns weigh
China stocks closed down on Monday as Beijing reported 99 new COVID-19 cases – the highest daily tally in the capital during the current outbreak – while profit-taking after two straight weeks of …
Biden’s Asian economic talks include 13 countries, and no China
President Joe Biden launched his plan for U.S. economic engagement in Asia on Monday, leaving it to the 13 founding countries to work out how to enforce their agreements and if China could ever join.
WRAPUP 1-Beijing urges millions to keep working from home amid COVID outbreak menace
Beijing authorities extended work-from-home guidance for many of its 22 million residents to stem a persistent COVID-19 outbreak, while Shanghai deployed more testing and curbs to hold on to its …
WRAPUP 1-Beijing urges millions to keep working from home amid COVID outbreak menace
Beijing authorities extended work-from-home guidance for many of its 22 million residents to stem a persistent COVID-19 outbreak, while Shanghai deployed more testing and curbs to hold on to its …
China stocks fall as Beijing COVID concerns weigh
China stocks fell on Monday as Beijing reported the most number of cases seen during the current COVID-19 outbreak, while profit-taking after two straight weeks of gains also weighed on benchmarks.
China bill yields slump as lenders ‘window dress’ loan books
SHANGHAI :Slowing economic growth in China and anaemic demand for loans have sparked heavy buying of low-risk short-term financial instruments by lenders, pushing yields near zero, as banks seek to …
Global debt surges to record $305tn in first quarter on US and China borrowing
Total debt climbed by $3.3tn in the January-March quarter, the Institute of International Finance said on Wednesday … “On the back of strict lockdowns in China and tighter global funding conditions, …
China’s central bank conducts reverse repos to boost liquidity
China’s central bank on Monday conducted 10 billion yuan (about 1.5 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse …
China’s Covid Zero Policy Is an Anchor on Commodities Prices
Industrial commodities prices in China have regained some of their poise after Shanghai issued a road map for opening up and the central bank cut interest rates on long-term loans.
