The growth figure was a record since quarterly data were first collected in the early 1990s but there are indications the Chinese economic recovery may be slowing.
Tagged By banking
China vies with US for lead in global climate diplomacy
Xi Jinping, China’s president, touted his climate change commitments in a call with the leaders of France and Germany on Friday, as Beijing vies with Washington to be seen as a leader in global …
Investors Cheer China’s Q1 Economic Release, Week In Review
Exports to the US grew +53.3% YoY to $38.66B while EU exports grew +45.9% to $36.56B.Asian equities had a strong session on Wednesday as growth names outperformed following more certainty around the …
This is the time to find good stocks in China
Overall speaking, China’s stock market for the first three and half months of 2021 can be concluded as “good fundamentals and drastic fluctuation with valuation.” …
China Says Huarong Operations Are Normal, Liquidity Ample
China’s financial regulator said operations at China Huarong Asset Management Co. are normal and the company has ample liquidity, marking the first official comments aimed at easing investor concerns …
China’s central bank to double down on green finance
China central bank will take a slew of measures to improve its support for green finance according to Yi Gang governor of the Pe …
Skies orange in Beijing as sand and dust leave people struggling to breathe
Beijing’s skies turned orange after a giant cloud of sand blasted the city and air pollution levels skyrocketed. The capital’s air quality index, which measures how many pollutants are in the air, …
UPDATE 1-Chinese banking sector’s first-quarter profit growth at 1.5%, says regulator
China’s banking industry recorded first-quarter profit growth of 1.5% year on year, the country’s top banking and insurance regulator said on Friday, emphasising the importance of a crackdown on the …
AP Interview: China says US ‘too negative’ toward China
A top Chinese diplomat has called U.S. policy on China “too negative,” saying it highlights confrontation over cooperation. Vice Minister of Foreign Affairs Le Yucheng …
China regulator says Huarong operations are normal, has ample liquidity
China acts to calm credit markets after state-owned manager of distressed debt missed deadline to report annual results.
Factbox: Has China’s $16 Trillion Economy Fully Recovered?
China’s GDP expanded by a dizzying 18.3% in the first three months of 2021 from a year earlier, sealing its status as COVID-19’s “first in, first out” economy. It was the only major economy that…
Surge in illegal bank loan-funded China property buys worries regulators
Property purchases in China funded through bank loans fraudulently obtained by speculators are fuelling already red-hot real estate markets in its biggest cities and beginning to alarm regulators.
China’s banking industry posts 1.5% profit growth year-on-year in Q1-regulator
China’s banking industry recorded 1.5% profit growth in the first quarter from a year ago, an official of the country’s top banking and insurance regulator said on Friday, emphasizing a continued …
