The central bank on Monday cut loan rates to cushion the world’s second-largest economy as its confronts headwinds from a rapidly cooling property sector and sporadic COVID-19 outbreaks. The outsized …
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China’s economy loses steam as COVID-19 erupts, central bank cuts rates
Omicron’s arrival in Beijing prompts clampdown ahead of Winter Olympics
China had gone to extraordinary lengths to prevent the spread of the highly transmissible new variant in recent weeks, locking down entire cities.
Stressed Beijing will buck Fed’s tightening trend
China’s reported output grew 8.1% in 2021, well above target, but activity slowed sharply at the end of the year. Monetary easing has been restrained by debt concerns, but the central bank surprised …
Sensex Rises Over 100 Points Led By Gains In Banking, Auto Stocks; Nifty Trades Above 18,250
Back home, as of 9:24 am, the 30-share BSE Sensex pack was up 107 points or 0.17 per cent at 61,330 and the broader NSE Nifty moved 31 points or 0.17 per cent higher to…
Beijing role as voice for peace wins praise
PHNOM PENH－China has been playing a major role in promoting global peace, public health and common development, Cambodian figures say. China has unwaveringly upheld multilateralism and free trade and …
China Cuts Interest Rate as Growth Risks Worsen With Omicron
China’s central bank cut its key interest rate for the first time in almost two years, bolstering an economy that’s losing momentum in the face of repeated virus outbreaks.Most Read from BloombergOne …
China’s central bank cuts two key rates to support slowing economy
China’s central bank on Monday cut two key interest rates that would likely translate into lower benchmark lending rates, in a bid to provide more support for the slowing economy.
OCBC Bank: China’s 2022 Growth To Ease Further To 5%
OCBC Bank Head of Treasury Research & Strategy, Global Treasury, Selena Ling, expects China’s GDP growth to ease further to around 5 percent this year. She was speaking with Yvonne Man and David …
China’s economy grew 8pc in 2021 but property, virus threats loom
China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property …
China 2021 crude steel output retreats 3% from record high on stringent production curbs
China’s annual crude steel production fell for the first time in six years in 2021, retreating from record levels it logged in 2020 as the country steps up efforts to contain emissions in its mammoth…
Brent Oil’s Rally to Seven-Year High Falters on China Weakness
Brent oil’s run to the highest intraday level since 2014 faltered after data signaled economic growth slowed in China, the top crude importer.Most Read from BloombergOne of the World’s Wealthiest Oil …
Chinese cities on high COVID-19 alert as peak Lunar New Year travel season starts
Several Chinese cities went on high COVID-19 alert as the Lunar New Year holiday travel season started on Monday, requiring travellers to report their trips days before their arrival, as the Omicron …
FOCUS: China’s economy may slow in 2022 on zero corona policy, Xi’s ambition
China’s economy is expected to slow down ahead of the ruling Communist Party’s twice-a-decade congress in fall 2022 as President Xi Jinping’s radical “zero corona” policy and socialist ambition are …
