deputy governor of the People’s Bank of China, Xu Hongcai, assistant minister at the Ministry of Finance and Lian Weiliang, vice chairman of the National Development and Reform Commission on Tuesday. … ( read original…
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China Vows Tax Cuts on Larger Scale to Support Economy
China’s $300 Billion Tax Cut Is Key Growth Stabilizer: JPMorgan
The change of approach is being driven largely by China’s large debt load, which makes funding a splurge on bridges and railways — like that following the 2008 financial crisis — dangerous for … (…
China Vows Tax Cuts on Larger Scale to Shore Up Sagging Economy
deputy governor of the People’s Bank of China, Xu Hongcai, deputy minister of the Ministry of Finance and Lian Weiliang, deputy chairman of the National Development and Reform Commission on Tuesday. ( read original story…
China Doubles Foreign Investment Limit in Further Opening
China doubled the limit of one of the main foreign investment channels into the world’s second biggest economy, continuing to open up its financial system even as the country’s trade war with the U.S. ……
Why Trump’s America is rethinking engagement with China
The detention of Meng Wanzhou, chief financial officer of Huawei, was extraordinary because the US justice department had not told the White House about the warrant to arrest the daughter of the found… ( read…
China’s US trade surplus hit record in 2018 but tariffs bite
China traditionally imports vast quantities of American soybeans … in order to keep employment, the financial sector, foreign trade, foreign investment” stable, Li said, adding there are some “hidde… ( read original story …)
China outlines tax cuts to stimulate economy
China will cut value-added tax rates for selected industries and provide tax rebates for others as part of its efforts to boost a slowing economy. Xu Hongcai, assistant to the finance minister, outlin… ( read…
UBS Asset Turns Bullish on Junk China Property Dollar Bonds
(Bloomberg) — UBS Asset Management has turned bullish on beaten down Asia junk dollar bonds and expects investors to buy more on borrowed money due to the appeal of higher yields. The firm is positiv……
China’s finance ministry says will step up fiscal expenditure this year
BEIJING (Reuters) – China’s finance ministry said on Tuesday that it will step up fiscal expenditure this year and implement larger tax and fee cuts. At the same time, the government said it will redu……
China central bank says RRR cut and reverse repo operations meant to keep liquidity ample
SHANGHAI (Reuters) – Cash injection through reverse repo operations in China and funds released from cuts to the reserve requirement ratio (RRR) were “meant to keep banking system liquidity reasonably … ( read original story…
Sinopec Wins Cabinet Approval for IPO of Retail Unit
The oil giant first proposed a listing in 2014, when it sold a stake in the unit to a group of investors including China Life Insurance Co. and billionaire Guo Guangchang’s Fosun International Ltd. “T……
China Box Office: ‘Bumblebee’ Leads, but Trails Previous ‘Transformers’ Films
In its third weekend, “Kill Mobile,” a comedy drama and Chinese … the second day of the Lunar New Year – a prime movie-going period when China typically seeks to showcase local rather … (…
China’s Big Banks Throw a $22 Billion Test at Hybrids Market
That includes what could be the largest such offering China’s domestic market has ever seen: Bank of Communications Co.’s 60 billion yuan issue. The fundraising total would be twice the amount raised … ( read…
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