Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3 percent of gross domestic product in 2024, three sources with knowledge of the matter said, while…
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China’s Xi Jinping urges ‘to the letter’ compliance as economic recovery remains top concern
The president, during a speech at a major economic conference, has stressed the need to ‘comprehensively’ carry out instructions and act ‘vigorously’ to aid in the country’s economic recovery.
Beijing confirms 5% growth, but debtors and people excluded from welfare rise
This is the GDP target set for 2024 at the conclusion of the Chinese Communist Party’s economic conference. At the centre of the proceedings are fears over the real estate sector and obstacles to …
Yellen plans to accelerate climate, financial market cooperation with China
U.S. Treasury Secretary Janet Yellen on Thursday mapped out her top priorities for managing U.S.-Sino relations next year, including a planned second visit to China and steps to accelerate cooperation …
Beijing and Shanghai cut down-payment ratios as part of stimulus aimed at reviving housing markets
Beijing’s policy change around home purchases has important implications for the whole country,’ senior Fitch Bohua analyst says.
Beijing Review: Nipping Economic Risks in the Bud
BEIJING, Dec. 14, 2023 /PRNewswire/ — The annual Central Economic Work Conference was held in Beijing from December 11 to 12. President Xi Jinping delivered a speech during this conference, reviewing …
UPDATE 1-China’s Beijing, Shanghai loosen home buying restrictions to aid housing market
Beijing and Shanghai relaxed home purchase restrictions on Thursday, including by lowering the minimum deposit ratio for first and second homes, suggesting renewed efforts by Chinese authorities to …
Ex-Bank of China Manager Jailed for Life Over $322 Million Fraud
China handed a life sentence to a former Bank of China Ltd. manager who was repatriated from the US two years ago over one of the Asian nation’s biggest bank frauds.
China Arrests Former Top Bank Official For Bribery
A former top official at one of China’s largest state-run banks has been arrested for alleged bribery, state media reported Thursday, as Beijing cracks down on corruption in the country’s financial …
China’s Rise In Sustainable Finance
For global sustainable investors, we believe China’s green bond growth and sustainable finance regulations present promising, diversified investment opportunities.
House committee says China’s economic system is “incompatible” with WTO
The House select committee on the Chinese Communist Party yesterday released a landmark report declaring China’s economic system to be “incompatible with the WTO.” The report proposes nearly 150 …
China Nov bank loans rise less than expected, more easing expected
New bank lending in China jumped less than expected in November, even as the central bank keeps policy accommodative to support a feeble recovery in the world’s second-largest economy. The People’s …
China chip firm powered by US tech and money avoids Biden’s crackdown
A Chinese chip designer, part-owned by the country’s top sanctioned chipmaker, is purchasing U.S. software and has American financial backing, relationships that underscore the difficulty Washington …
