Wall Street ate up China’s newest plan to jump-start their economy. But Xi Jinping’s ideas won’t fix the country’s biggest problems.
Tagged By banking
Former Chinese finance minister urges crypto study after US Bitcoin ETF shift
During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to closely examine advancements in cryptocurrency. According to …
China’s central bank conducts reverse repos Sunday
BEIJING – China’s central bank conducted 182 billion yuan ($25.96 billion) of seven-day reverse repos at an interest rate of 1.5 percent Sunday. The move aims to keep liquidity in the banking system …
Lufax, Futu, Qifu dominate weekly financial gainers after China stimulus blitz
Chinese financial stocks scored the biggest weekly gains among financials after China announced a series of stimulus measures aimed at revitalizing the economy, the likes of which haven’t been seen …
China’s Policy Measures: A Pivotal Week?
China’s policymakers have announced a significant package of easing measures designed to lift China from a state of entrenched economic weakness.
Charting the Global Economy: China Opens Up Stimulus Flood Gates
China’s policymakers uncorked sweeping stimulus measures aimed at bolstering demand and keeping the world’s second-largest economy from slipping into a deflationary spiral.
China starts to reverse its ‘uninvestible’ image: Chart of the Week
After China announced broad measures to rescue its economy, Chinese stocks surged, our Chart of the Week shows. It’s not the first time the country has attempted to get out of the recent doldrums, but…
Did China just launch a bazooka?
Financial markets in China have experienced a jolt after announcements of policies that have been compared to launching a “bazooka.” As per analysts at BCA Research, these measures were primarily …
Beijing-London finance forum explores collaboration
A delegation from the Beijing Financial Street hub held a conference in the City of London, its counterpart in the United Kingdom on Sept 20, attracting around 100 representatives from 60 …
At last, China pulls the trigger on a bold stimulus package
And he has refrained from bold economic stimulus, the kind of fiscal and monetary “bazooka” that China’s previous leaders fired in November 2008 during the global financial crisis. Both of Mr Xi’s …
Chinese stocks rebound after Beijing unveils bumper stimulus
China’s stock market closed out its best week since 2008 on Friday after Beijing announced wide-ranging stimulus packages to boost the country’s flagging economy. The rally spread across the world, …
Nvidia AI chips under pressure in China as regulators push back: report
Nvidia (NASDAQ:NVDA) does not sell its most powerful chips to customers in China due to restrictions by the U.S. government. However, Chinese regulators are pushing back and discouraging local companies from purchasing Nvidia’s chips that…
China central bank lowers interest rates
China’s central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back toward this year’s …
