BEIJING, Nov 15 (Reuters) – China’s fiscal revenue grew 8.1% in the first 10 months of 2023 from a year earlier, slowing from the 8.9% growth in the January-September period, finance ministry data …
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Insight: China’s not-so-special economic zone embodies a harsh new reality
Tony Xiong is among the latest arrivals to the glitzy office towers in the newest part of Shenzhen, built to showcase China’s economic miracle. He won’t spend any personal time in the area.
Apple’s China ties under Congressional scrutiny after Jon Stewart cancellation
As China seemingly seeks to deepen financial ties with US companies, the committee’s letter pointed out that Apple’s reliance on China as a market and manufacturing hub may be a prime example of what …
China leads list of labor abusers, sometimes akin to slavery, detected on fishing vessels worldwide
A new report has identified nearly 500 industrial fishing vessels where workers face hazardous, forced conditions sometimes akin to slavery …
It’s Too Soon to Bet on China’s Housing Turnaround
Chinese housing stocks jumped after an unconfirmed report of stronger support for the market—and very poor housing data.
China Pumps Cash Into Banking System to Support Stimulus Funding
China injected the largest lump of cash in nearly seven years into the banking system with one-year policy loans, as funding demand will rise to bolster economic growth.
China central bank boosts liquidity injection via policy loan; rate unchanged
China’s central bank boosted liquidity injections but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations. The People’s Bank …
China’s Fiscal Revenue up in October Amid Tentative Recovery
BEIJING (Reuters) – China’s fiscal revenue grew 2.6% in October from a year earlier, after a 1.3% fall in September, marking the first monthly growth since July, according to Reuters calculations …
Beijing’s top official in Hong Kong calls on financial hub to serve as strong catalyst for country’s development goals
City should aim to attract international capital to stop ‘some nations’ from severing the country’s supply chains, Zheng Yanxiong says.
People’s Bank of China injects more cash to support the weak economy, keeps rates unchanged
The People’s Bank of China ((PBoC)) pumped the largest amount of cash since 2016 into the banking system and maintained the rate on one-year policy loans at 2.5%. The PBoC launched a total of CNY …
China unveils $137 bln plan to revitalise property market amid economic challenges
Market concerns have surged regarding the financial health of China’s prominent developers, particularly after a series of record defaults within the industry. The injection of funds aims not only to …
China’s property boost has to sway wary banks
Xi Jinping is stuck between debt-ridden developers and risk-shy bankers. The Chinese president’s latest attempt to boost housing through cheap loans is an enlarged version of a 2022 scheme. That …
Elon Musk and Satya Nadella are among the CEOs lining up for face time with China’s Xi, APEC’s biggest business kingmaker
Beijing has responded by jump-starting its own chip efforts and exhorting citizens to buy locally made phones and other products. From tech to logistics, oil and gas to finance, companies are …
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