City should aim to attract international capital to stop ‘some nations’ from severing the country’s supply chains, Zheng Yanxiong says.
Tagged By banking
People’s Bank of China injects more cash to support the weak economy, keeps rates unchanged
The People’s Bank of China ((PBoC)) pumped the largest amount of cash since 2016 into the banking system and maintained the rate on one-year policy loans at 2.5%. The PBoC launched a total of CNY …
China unveils $137 bln plan to revitalise property market amid economic challenges
Market concerns have surged regarding the financial health of China’s prominent developers, particularly after a series of record defaults within the industry. The injection of funds aims not only to …
China’s property boost has to sway wary banks
Xi Jinping is stuck between debt-ridden developers and risk-shy bankers. The Chinese president’s latest attempt to boost housing through cheap loans is an enlarged version of a 2022 scheme. That …
Elon Musk and Satya Nadella are among the CEOs lining up for face time with China’s Xi, APEC’s biggest business kingmaker
Beijing has responded by jump-starting its own chip efforts and exhorting citizens to buy locally made phones and other products. From tech to logistics, oil and gas to finance, companies are …
China’s property sales extend declines, weighing on outlook
China’s property sales fell at a faster pace in October and investment in real estate slumped, official data showed on Wednesday, suggesting the crisis-hit sector is yet to emerge from its decline …
China c.bank boosts liquidity injection through policy loan, rate unchanged
China’s central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations.
Q4 GDP seen putting China in driver’s seat
British think tank Oxford Economics said it expects China’s fourth-quarter GDP to expand by 1.2 percent on a seasonally adjusted quarter-on-quarter basis, resulting in an annual growth rate of 5.2 …
China’s Discount E-Commerce Retailers Bank on South Korea
In the first three quarters of the year, South Koreans made online purchases worth more than $3.5 billion from sellers outside the country. China accounted for 46.4% of those purchases, while the U.S.
China mulls $188 billion of new funds to aid housing market
The plan would mark a major step-up in authorities’ efforts to put a floor under China’s property crisis. Read more at straitstimes.com.
China Credit Market Calm Belies Risks From Property Debt Crisis
But any flareups from the property debt crisis could again dent sentiment. Country Garden Holdings Co. was recently declared in default for the first time on a dollar note. China Evergrande Group …
AidData releases extensive report on China’s overseas development finance program
Nov. 6, the AidData research lab at the College of William and Mary released a comprehensive report titled “Belt and Road Reboot: Beijing’s Bid to De-Risk its Global Infrastructure …
U.S. and China Relations Have Hit a New Normal. Here Are the Risks.
The annual report by the U.S.-China Economic and Security Review Commission outlined 30 suggestions for Congress.
