China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling …
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China kicks off $1.4 trln in fiscal support with local government debt swaps
Taiwan Oct exports miss expectations as China weighs
Taiwan’s exports rose less than expected in October, as benefits from the booming artificial intelligence (AI) industry were countered by the sluggish economy of top trading partner China.
India’s April-Sept steel imports led by China, govt data shows
India’s imports of steel over the period from April to September were led by shipments from China, according to provisional government data reviewed by Reuters on Friday, and the South Asian nation remained a net…
Swiggy’s $1.4 billion IPO oversubscribed as investors bet on quick-commerce boom
Food and grocery delivery firm Swiggy’s $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in with orders on the final day of India’s second-largest …
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.
China unveils steps to tackle ‘hidden’ debt of local governments
China will let local governments issue an additional 6 trillion yuan ($837.7 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, an official said on Friday, in a crucial step…
China unveils steps to tackle ‘hidden’ debt of local goverments
China will allow local governments to issue 6 trillion yuan ($838.77 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, an official said on Friday.
China’s stimulus plans are choking the profitability of its megabanks, analysts say
The country’s banking industry has grappled with weakening profitability under the weight of lower mortgage rates and ailing credit demand.
Forum hears economists’ prescriptions for curing China’s property woes
Beijing has been urged to take further action to ensure a soft landing for China’s economically important property sector, as the country focuses on preventing debt shocks, restoring market confidence …
China October bank lending seen declining despite policy measures: Reuters poll
China’s new yuan loans are expected to fall sharply in October from September, a Reuters poll showed on Friday, signalling weak credit demand even as the central bank ramps up policy stimulus to …
China’s foreign exchange reserves drop to $3.26105 trillion
BEIJING – China’s foreign exchange reserves totaled $3.26105 trillion at the end of October, down by $55.317 billion, or 1.67 percent, compared to the end of September, official data showed Thursday.
China’s Finance Ministry to Brief at 4 p.m. on Debt Swap Program
China will hold a briefing on a plan to allow local governments … The budget committee of the National People’s Congress and the Finance Ministry will speak with the media at the end of a…
Why Trump’s win and missed China-plus-one export opportunity seem to be prompting a trade policy rethink
The election victory of Donald Trump has also exacerbated fears of tariff action against India. However, Trump’s tariff hikes on Chinese products could boost investment interest in India.
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