Four of China’s biggest state-owned banks announced cuts on Saturday to existing mortgage rates starting on Oct. 25, as the authorities ramp up efforts to stimulate the world’s second-biggest economy.
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China’s big banks to cut existing mortgage rates Oct 25
China to Issue Local Government Bonds to Support Property Sector
China will allow local governments to issue bonds to support the ailing property sector as it pushes to put a floor under an economic slowdown. The authorities plan to issue special local government bonds and…
China’s Major Banks Slash Mortgage Rates to Boost Economy
China’s four major state-owned banks, including China Construction Bank Corp and Bank of China, announced mortgage rate cuts starting October 25. This strategic move aims to alleviate homeowners’ financial burdens and stimulate the property market,
Banking on company: China’s youth-driven ‘companionship economy’ gains steam, but risks also emerge
Be it talking, shopping, gaming or even mountain climbing – China has witnessed a growing trend of young people seeking out paid companionship. While local media reports have highlighted the merits, potential drawbacks also come…
China’s Fiscal Stimulus to Focus More on Boosting Consumption, Goldman Says
China’s ministry of finance will likely strengthen its fiscal easing stance and show an increased willingness for the central government to take on more debt at its meeting on Saturday, Goldman Sachs economists wrote in…
Australia Wins Its China Trade War
Beijing lifts its ban on the last Aussie export imposed in 2020.
White House forms emergency team to deal with China espionage hack
The serious breach of telecommunications companies has affected “probably now about 10 or 12” firms, two people familiar with the investigation said.
Hedge Fund Up 800% in Seven Years Buys Dip in China Tech Stocks
A top-performing Chinese hedge fund is buying the dip in Hong Kong-listed China technology stocks, saying valuations remain cheap even after their strong rally this year.
Tech war: China sees glut of AI data centres as GPU mismatches exacerbate weak demand
Total computing power in China accounted for 26 per cent of the world’s total as of June, trailing only the US, but CPU usage rates are low China’s rush to build a nationwide network of…
Global tech cooperation key to tackling cross-border challenges: Josephine Teo in China
The minister was speaking at the Lianhe Zaobao Singapore-China Forum in Suzhou. Read more at straitstimes.com.
Catherine Thorbecke: China hasn’t destroyed its tech sector. It’s sharpened it
It’s easy for U.S. policymakers to see this with vindication and yet more evidence of a superior tech landscape at home. And from their vantage point, they are correct: President Xi Jinping strangled …
Turkey imposes duties on China, Russia, India, Japan steel imports
Turkey has imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, according to a decision published in the Official Gazette on Friday, with the highest tariffs on Chinese imports.
Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement
Cryptocurrencies sharply rebounded on Friday from the previous day’s lows with bitcoin {{BTC}} retaking $63,000 as investors quickly shrugged off …
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