By Jiahui Huang China Merchants Bank reported lower net operating income in 2023, marking the first drop since 2009 as non-interest income declined …
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China pushes banks to speed up approvals of loans to developers
Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive …
China’s attempts to revive its economy could cause a ‘sugar high’ that pushes US inflation higher, new research says
China is encouraging investments in its manufacturing sector. And if they pay off, it would put “meaningful upward pressure” on US inflation.
China Merchants Bank: Pulling Back As Sector Headwinds Warrant Caution
China Merchants Bank, known for its quality, may face challenges with a looming rate cut cycle, leading to lower margins.
Ant Pairs with Bank of Beijing to Reinforce Cooperation in AI, Big Data
Ant Group announced a strategic cooperation agreement with Bank of Beijing (601169.SH), under which the two companies will strengthen cooperation in the areas of artificial intelli… Ant Group …
Exclusive-China pushes banks to speed approvals of new loans to private developers, say sources
Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment that …
PIMCO Says China’s Central Bank May Cut Interest Rates by Around 20 Bps in First Half
The People’s Bank of China will probably trim interest rates one or two times in the first six months, reducing them by about 20 basis points in total, as the country’s monetary policy remains …
Yuan rebounds as China central bank sends strong message of support via fixing
Support for the yuan is vital for its stability this year with the Chinese economy still facing a slew of woes. Read more at straitstimes.com.
China’s finance minister sets 2024 priorities for high-quality development
China has set its deficit-to-GDP ratio at 3 percent for 2024, which means 4.06 trillion yuan (about $572 billion) in deficit, according to this year’s government work report. This figure is 180 …
China Uses Surprise Data Announcements to Counter Economic Gloom
Chinese officials have alighted on a cheap, new type of stimulus: Making early disclosures on flattering economic news that can lift markets and help shape a positive narrative on their nation’s …
China Aims To Phase Out AMD, Intel Chips From Government Computers: FT
China reportedly is moving to stop buying AMD and Intel chips from government PCs and servers, as well as curbing Microsoft Windows.
China must reinvent itself to turn economy around, says IMF’s Georgieva
Officials who spoke at the opening of the China Development Forum expressed confidence China would hit its economic targets, including growth of about 5% this year …
China To Lead World In Equipment Spending For Mainstream Chip Plants
China, one of the world’s largest manufacturers of electronics products, is pushing to reduce reliance on foreign suppliers of chips amid strained geopolitical strains and heighted focus on security …
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