China’s economy grew faster than expected in the first three months of the year thanks to higher consumer spending, raising fears that the recovery will unleash a new surge in global inflation.
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European shares rise on strong China recovery, US bank results on tap
European shares rose on Tuesday, as investors awaited more U.S. bank earnings to gauge the health of the sector, while China’s stronger-than-expected economic recovery boosted sentiment.
China’s reopening will benefit only a few banking systems in Asia-Pacific, says Moody’s
China’s reopening will be a boon to the economies — and hence the banking systems — of Hong Kong (Aa3 stable), Macau (Aa3 stable), Mongolia (B3 stable) and Thailand (Baa1 stable), given their close …
China’s fiscal revenue rises during first quarter
China’s fiscal revenue rose 0.5 percent year-on-year in the first quarter of 2023, while fiscal expenditure grew by 6.8 percent over the same period, the Ministry of Finance announced Tuesday. Li …
China fiscal revenue turns higher in March on recovering economic activity
China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue …
China’s GDP grew by 4.5% in quarter, boosted by consumption
China’s gross domestic product grew 4.5% in the first quarter of the year, boosted by increased consumption and retail sales, after authorities abruptly abandoned the stringent “zero-COVID” strategy …
China’s 7th largest lender Citic Bank names reformist chairman
China Citic Bank Corp. Ltd., the country’s seventh-largest lender by assets, has named a new chairman and president.
Dollar Firm on Fed Rate Hike View, Focus on China Data
SINGAPORE (Reuters) – The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while …
IMF: China contributes to global financial stability
WASHINGTON: China’s economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, says an International …
Beijing’s Bid to Overhaul China’s Tech-Finance Nexus
Since coming to power in 2012, Xi Jinping’s administration has sought to stamp out corruption and reorder China’s political economy. But more than 10 years on, these tasks have received new urgency …
China’s Belt And Road Initiative Is Running Into Huge Losses, Over $78 Billion In Loans Re-Negotiated
Bad loans worth over $78 billion have hit China’s $1 trillion Belt and Road Initiative (BRI) infrastructure finance programme in the past three years. China’s scheme had turned it into the top …
Interview: China’s growth contributes to Chinese, global financial stability, says IMF official
China’s economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, an International Monetary Fund (IMF) …
China Pumps In More Liquidity While Keeping Key Rate on Hold
China’s central bank is pouring more liquidity into the financial system while keeping rates unchanged, moving to prevent funding squeezes as demand for credit rebounds.