Kagenmi The World Bank cut its forecast for China’s economic growth in 2024 and trimmed its outlook for developing economies in East Asia and the …
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A ‘thaw’ in Germany’s ties with China? Berlin and Beijing commit to closer financial cooperation
Wang Yiwei, a China-EU specialist at Renmin University in Beijing, said the finance meeting was a significant step towards a thaw in China’s relations with Germany and Europe. “The dialogue mechanism …
Govt. shutdown averted, Monday’s Fedspeak, China’s growth: The Rundown
U.S. lawmakers reached a deal in the final hours ahead of a government shutdown deadline, agreeing on a spending bill that will fund the government through November 17. Investors will be listening …
Germany backs China’s aid bank despite Canada’s concerns
Beijing secures Berlin’s backing for the AIIB during Frankfurt visit by Xi Jinping’s top economic aide. Germany said it will continue supporting a Chinese state-backed development bank despite G7 …
World Bank keeps China’s 2023 GDP growth outlook but lowers 2024
(AP pic) BEIJING: The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its previous estimate in April, but trimmed its prediction for 2024 to 4.4% from 4.8…
Has China’s economy bottomed out? Factory output and ‘Golden Week’ travel offer glimmers of hope
A return to growth in China’s manufacturing sector and a boom in travel during the annual “Golden Week” holiday is fueling hopes that the economy could be regaining momentum after a major slowdown …
World Bank Keeps China 2023 GDP Growth Forecast but Cuts 2024 Outlook
BEIJING (Reuters) – The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its previous estimate in April, but trimmed its prediction for 2024 to 4.4% from 4…
US and China to launch economy and finance working groups to stabilise ties
Move to increase engagement follows Treasury secretary Janet Yellen’s visit to Beijing in July US Treasury secretary Janet Yellen, left, with Chinese vice-premier He Lifeng in Beijing in July. Yellen …
China’s property crisis is testing its too-big-to-fail banks
And pressure is building on those banks as dozens of real estate developers have defaulted or missed payments on overseas bonds, led by China Evergrande, the world’s most indebted developer. The scale …
UPDATE 1-Germany welcomes China’s support for G20 debt restructuring framework
“We welcome the fact that the Chinese side is also committed to this in our Joint Statement, because solutions are inconceivable without China as such an important player in world politics,” German …
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.
China, Germany agree to expand market access
China and Germany agreed on Sunday to expand mutual market access based on a level playing field and strengthen cooperation in the fiscal and financial areas, as strengthening economic ties could be …
China, Germany hold high-level financial dialogue, both sides committed to combatting trade protectionism
China and Germany held the 3rd China-Germany High Level Financial Dialogue in Frankfurt on Sunday, during which both sides reached consensus on 25 items for raised for discussion. The two countries …
