China to hasten infrastructure push to aid growth amid call … In 2021, the government of Tianjin introduced measures to improve the financial health of its indebted state firms following a series of …
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China’s July new bank loans tumble to 345.9 bln yuan, well below forecasts
BEIJING, Aug 11 (Reuters) – Chinese banks extended 345.9 billion … after record lending in the first half as the central bank tried to underpin a faltering economic recovery. Broad M2 money supply …
China bank lending slumps in July against weakening economy, credit backdrop
China’s new bank loans in July sank to the lowest level since late 2009 against a backdrop of weaker credit even as the nation’s policymakers trimmed interest rates and pledged more support for the …
Biden rips China’s leadership as ‘bad folks’ and labels its economy a ‘ticking time bomb’ in error-riddled campaign appearance
Josef Gregory Mahoney, a politics and international relations professor at Shanghai’s East China Normal University, said Beijing was unlikely to be “baited” into responding to Biden’s latest barbs.
Nio and Alibaba shares sink, weighed down by Country Garden’s financial woes and downbeat China data
U.S.-listed shares of China-based companies traded lower Friday as property developer Country Garden Holdings’ financial troubles cast a pall on the group.
China detains military industrial worker accused of espionage for CIA
The CCP alleges the U.S. official offered to help Zeng and his family emigrate from China to the United States in addition to the financial payouts. The accusations are only the latest in an escalating…
UPDATE 1-Biden calls China economy a ‘ticking time bomb,’ misstates GDP growth
U.S. President Joe Biden on Thursday called China a “ticking time bomb” because of economic challenges including weak growth, but misquoted the country’s growth rate. Biden said on Thursday he did not …
China Lifted a Ban on Group Travel. These Stocks are Set to Benefit.
China’s decision to lift a ban on group tours traveling to the U.S., Japan, South Korea and parts of Europe is great news for luxury stocks.
China to replace $140 bln LGFV debt with local bonds – Bloomberg News
China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, Bloomberg News reported on Friday.
China Property Market In Turmoil: PENNY! Real Estate Firm Country Garden Holdings Shares Nosedive, Becomes Penny Stock | KNOW REASON
Country Garden Holdings Co., formerly the largest property developer in China in terms of sales, has seen its fortunes take a drastic turn as it faces intensified scrutiny over its operations and growing concerns about…
For China’s Economy, a Crisis of Confidence
As former Chinese Premier Wen Jiabao aptly pointed out during the 2008 global financial crisis, “In times of economic turmoil, confidence is more precious than gold or currency.” Fast forward to today, and China is…
China July New Bank Loans Tumble, Credit Growth Weakens Further
While lending in China typically tends to fall back in July for seasonal reasons, the weak credit readings come days after other grim data which showed the world’s second-largest economy slipped into …
China’s July new bank loans tumble to 345.9 billion yuan, well below forecasts
Chinese banks extended 345.9 billion yuan ($47.80 billion) of new yuan loans in July, tumbling from June and falling far short of analysts’ forecasts.Analysts polled by Reuters had expected new loans …