BEIJING (Reuters) – China’s new “economic tsar” He Lifeng is emerging as one of President Xi Jinping’s most powerful lieutenants, but some sources say he is yet to gain the standing of his predecessor …
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China Hopes To Find Its Own SpaceX, Pledges Financial Support To Space Startups
In an effort to rival the United States in outer space, China’s President Xi Jinping is replicating NASA’s strategy of supporting local startups, akin to the approach taken with Elon Musk’s SpaceX.
China’s Financial Squeeze: An Unsettling Surge in Borrowing Costs
China’s financial landscape woke up to a jarring reality this week when overnight borrowing costs for some financial institutions spiked as high as 50%. The sudden surge, a stark departure from the …
China’s Property Developers Cut Prices—and Homeowners Are Resisting
After being stuck in a housing downturn for two years, cities across China are giving real-estate developers the go-ahead to cut prices on new homes to revive sales.They are quickly running into …
China’s Central Bank Drains Liquidity After Overnight Rate Surge
China’s central bank withdrew cash from the financial system, suggesting it sees Tuesday’s abrupt surge in short-term borrowing costs as a temporary disruption. Most Read from BloombergIsrael Latest: …
China’s Economy May Be Getting Back on Its Feet. Investors Are Still Cautious.
Fears that the economy could implode seem less realistic but a variety of challenges are likely to limit a rebound in Chinese stocks.
China signals tighter Communist party control of finance sector
The moves included the creation of a Communist party-led Central Financial Commission, a super-regulator that will oversee government institutions such as the People’s Bank of China and China …
China is leading a ‘voracious’ gold-buying spree as central banks try to shrink dollar reserves
A whopping 181 tonnes out of that total comes from China alone. The country’s central bank holds a total of 2,192 tonnes. The total amount purchased by central banks last quarter is the highest in…
Current state of China’s economy: Xi Jinping intensifies financial control, blocks potential challenges.
Herald Economy=Won Ho-yeon Reporter] Following the sudden death of former Chinese Premier Li Keqiang, mainland China is in a state of mourning and President Xi Jinping is tightening his grip.
1st LD-Writethru-Xinhua Headlines: Key meeting sets tone on China’s financial development
BEIJING, Oct. 31 (Xinhua) — A central financial work conference was held in Beijing from Monday to Tuesday, at which Xi Jinping, general secretary of the Communist Party of China (CPC) Central …
Xi chairs rare meeting to ‘resolve risks’ in China’s finance sector
The conference offers insight into the policymaking direction currently being pursued by Communist Party leadership …
China Eases Rules for Insurers in Bid to Boost Flows Into Stocks
China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat of support measures to revitalize the country’s stock market.
Key China gathering sees bigger role for Communist Party in finance
China will step up the Communist Party’s leadership of its $61 trillion finance industry and strengthen efforts to reduce local debt risks, state media reported, citing a key twice-a-decade financial …
