He, a confidant of President Xi Jinping, covers a bigger footprint in the trade portfolio than his predecessor Liu He but is not responsible for tech or manufacturing.
Tagged By banking
China’s economic growth forecast for next year downgraded by World Bank
The World Bank downgraded its 2024 growth forecast for China due to factors like its weak housing market and high levels of debt. But other sectors of the Chinese economy appear to be in much…
CHART OF THE DAY: China may be the source of surging US bond yields as Beijing dumps Treasurys
China has sold $300 billion worth of US Treasurys since 2021, including $40 billion since April 2023. Apollo Global Management’s chief economist suggested this could be a driver of spiking US bond …
Ask an advisor: Should I divest from China?
The topic can be anything in the world of finance, from retirement to taxes to wealth management … Fewer people have worried about a recession in China. But maybe they should. For decades, China’s …
Boutique Chinese Bank Names an Acting CEO, Seven Months After Its Leader Vanished
China Renaissance, a boutique investment bank that has been rocked by the disappearance of its top executive and controlling shareholder, named an acting chief executive officer to formally oversee …
China’s Real Estate Crisis Isn’t Going Away. That’s Bad for an Economy Based on Property.
A consensus also seems to be forming that China won’t emerge from this property crisis soon. On Sept. 25, two influential voices in Chinese finance said publicly that it could be at least a year,…
Detention of China Evergrande founder Hui Ka-yan ‘a signal Beijing won’t let super-rich off the hook’
Hui ‘underestimated Xi Jinping’s determination’ to deflate China’s property bubble regardless of the impact on the private sector.
Davao’s Dennis Uy restructures loans with China Bank, courts new investor
MANILA -Davao-based businessman Dennis A. Uy cleared a multibillion peso debt restructuring hurdle with Sy-led China Banking Corp. by selling and re-leasing the 12.5-hectare beachfront property in …
The Risks China Faces Now That Its Minsky Moment Has Begun
There are significant risks that China will double down as it takes on excessive debt, invests in nonproductive enterprises, and experiences weak economic growth.
World Bank Sees China’s Growth Sputtering to Slowest Rate Since 1960s
Hours after the People’s Republic of China celebrated its 74th birthday October 1 with fireworks and flowers, the World Bank cut its forecast for the country’s growth next year. The World Bank said in …
World Bank revises down China’s 2024 growth forecast to 4.4% from 4.8%
East Asia and Pacific region growth expectation revised down to 4.5%, from 4.8%, for next year – Anadolu Ajansı …
Gold Glitters In China’s Financial Storm
Gold has emerged as a preferred investment alternative in China, acting as a hedge against financial volatility.
China’s economy faces ‘apocalyptic’ collapse that will shatter major global stock markets
Earlier this month, data from JPMorgan showed investors had ditched a huge $12billion in major stocks. Financial experts have now warned China’s economy is on the brink of collapse as an imminent …
