China’s yuan might soon be heading into a deliberate tailspin, and while that could be bad news for most Asian currencies, the Bank of Japan (BOJ) might find itself in a unique position to benefit.
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China’s fiscal revenue falls 0.6% in January-November
China’s fiscal revenue in the first 11 months of 2024 fell 0.6% from a year earlier, narrowing from a 1.3% slide in the January-October period, the finance ministry data showed on Monday. Fiscal …
China’s November retail sales miss expectations as real estate slump deepens
China’s retail sales rose by 3% in November from a year ago, according to National Bureau of Statistics data released Monday, missing the forecast of 4.6% in a Reuters poll. That marked a sharp …
China’s Xi Jinping brings finance to heel with arrests and salary caps
The financial sector is under pressure from the Chinese Communist Party to give up its profits and put itself at the service of ‘common prosperity.’ …
China: Xi Jinping brings finance to heel with arrests and salary caps
The financial sector is under pressure from the Chinese Communist Party to give up its profits and put itself at the service of ‘common prosperity.’ …
China’s stubborn deflation really is a global economic problem
China is spiraling deeper into deflation, and it’s not just Beijing’s problem anymore—it’s everybody’s. Prices have been falling for six straight quarters. One more, and China ties the grim record …
China makes steps to increase economic stimulus measures
Commitments have been made to boost consumption and loosen monetary policy but there is little detail of what measures the government will undertake.
How China could retaliate against the US in a trade war, according to a Yale economist
China has a lot of potentially damaging options if Donald Trump unloads massive tariffs on goods from the country, Stephen Roach said.
China bank lending rises far less than expected, more policy steps needed
New bank lending in China rose by far less than expected in November, highlighting weak credit demand in the world’s second-largest economy as policymakers pledge to roll out more stimulus measures.
China to roll out personal pension program nationwide
China’s third pension pillar program, which allows participants to open personal pension accounts, will be expanded nationwide after a two-year pilot, the Ministry of Human Resources and Social Security said in a statement released Dec.…
Biden Administration Looks to Reinforce U.S.-China Ties Ahead of Trump’s Return
Senior Treasury officials are holding a final round of talks with a new round of economic volatility on the horizon.
China’s CATL offers suppliers financial support to drive battery innovation
China’s CATL has told suppliers it is willing to provide them with financial support to speed up technology innovation in battery materials and equipment, part of efforts to relieve stress on its …
China prepared to double down on support for economy as tariffs loom
One of the biggest: threats by President-elect Donald Trump to sharply raise tariffs on imports from China once he takes office. Here’s a look at the priorities outlined in this week’s meetings in …
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