People’s Bank of China kept its key lending rates steady for the second straight month during its December fixing, as widely expected. The one-year loan prime rate (LPR), the benchmark for most …
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People’s Bank of China keeps key lending rates steady for second straight month, as expected
China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
The rate decision came on the back of a widely-expected 25-basis-points rate cut by the U.S. Federal Reserve on Wednesday. The Fed also indicated it will only reduce interest rates twice in 2025, …
Macau Is the Casino Capital of the World. For China, That’s Not Enough.
A quarter century after the former Portuguese colony was made a Chinese territory, Macau’s economic boundaries with the mainland are being blurred.
China’s Xi swears in new leader of casino hub Macao, telling the city to diversify economy
Chinese President Xi Jinping urged the casino hub of Macao to diversify its economy as he swore in the former Portuguese colony’s new government on Friday at an event marking the 25th anniversary of its…
UK finance minister to revive regular economic talks with China in January trip, sources says
Britain’s finance minister Rachel Reeves will visit China on a two-day trip in January to revive high-level economic and financial talks that have been frozen since 2019, three people with knowledge …
China’s Overseas Investment Adds to Cash Exodus Weighing on Yuan
Chinese firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the yuan amid an accompanying exodus of foreign capital.
China’s hottest stock rockets 370% on craze for collectibles
Morgan Stanley calls Pop Mart a “global brand in the making.” …
Why China Isn’t Scared of Trump
For years, Donald Trump has inveighed against China, describing it as the root cause of all manner of ills in the United States. He has lamented Washington’s huge trade deficit with Beijing and blames …
China’s Hithium Is Said to Weigh $500 Million HK IPO Next Year
Xiamen Hithium Energy Storage Technology Co. is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter.
Beijing Woos AstraZeneca for Investment While Probe Continues
Beijing’s mayor called on AstraZeneca Plc to expand its research and development investment in the Chinese capital, signaling that a probe against some of its executives won’t affect business ties …
TikTok parent ByteDance intensifies China AI rivalry with 85% price cut for visual model
ByteDance’s ultra-low pricing underscores growing rivalry in the Chinese market, where Big Tech firms and start-ups have locked horns in a brutal price war TikTok parent ByteDance has turned up the …
China leaves rates unchanged, weak yuan limits easing
China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. WHY IT’S IMPORTANT Persistent deflationary pressure and tepid credit demand call for more stimulus to aid …
China One-Year Yield Sinks to 1% for First Time Since 2009
China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.
