But much to Beijing’s dismay, instead of paying salaries or shoring up working capital, these enterprises seem to be using the proceeds to buy real estate. The People’s Bank of China on Monday asked ……
PROPERTY
China cuts benchmark rate for second time this year as expected
China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. ( read original story…
UPDATE 1-China cuts key rate for second time this year, more easing likely
China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. The … ( read…
China Bourse May See Additional Support On Monday
The China stock market has finished higher in two straight sessions, gathering more than 25 points or 0.9 percent in that span. The Shanghai Composite Index now rests just beneath the 2,840-point … ( read…
China Home-Buying Curbs Look Set to Stay Despite Nascent Rally
China’s residential property market may be on the road to recovery but local authorities appear intent on toeing the party line, sticking to President Xi Jinping’s mantra that homes are for living in, … (…
China’s Home Prices Return to Growth in March as Pandemic Impact Starts to Ease
New home prices in China returned to growth in March after stalling for the first time in five years in February, suggesting some pent-up demand as the impact from the coronavirus outbreak on the ……
China’s March home prices up 0.1% m/m after stalling in Feb
New home prices in China returned to growth in March after stalling in February, according to Reuters calculation, in a hopeful sign of a pick-up in the property market after the coronavirus health … (…
US ambassador: China not blocking medical supply exports
The U.S. ambassador to China said Wednesday that he doesn’t believe Beijing is deliberately blocking exports of masks and other medical supplies to fight the coronavirus, and that the shipment of … ( read original…
China’s new role as guardian of intellectual property
The country now files more international patents than the United States, meaning it has even greater incentive to protect innovation The biggest copyright game on the planet right now is the race to … (…
China Probes Outspoken Property Tycoon After Covid-19 Criticism
Chinese authorities have placed outspoken property tycoon Ren Zhiqiang under investigation as it continues to grapple with the political fallout of the coronavirus pandemic. ( read original story …)
Hong Kong shares end higher as China trade data lifts sentiment
HSI financial sector sub-index is 0.6% higher; property sector up 1.1% April 14 (Reuters) – Hong Kong shares closed higher on Tuesday after China reported smaller-than-expected contractions in imports … ( read original story …)
How to hold China accountable without shooting US in the foot
Washington’s policy community across the ideological spectrum has become increasingly hawkish toward China. The litany of complaints about China runs the gamut from human rights to national security … ( read original story …)
China’s 2020 GDP growth set to sink to 44-year low as coronavirus cripples economy: Reuters poll
China’s economic growth is set to stumble to its slowest annual pace in nearly half a century, as the coronavirus health crisis shutters businesses and brings the global economy to a standstill, a … (…
