F or almost three years China’s policymakers have been fighting a two-front war: against a virulent pandemic and a volatile property market. Their chosen policy instruments have …
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Oil falls on China COVID surge and firmer dollar
Oil prices fell by $2 on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer.
Tyson Foods board oversees review of finance chief’s arrest
The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo …
China’s envoy urges developed countries to fulfill climate finance promises, as a week’s slow climate negotiations stoke worries
One week into this year’s UN climate summit in Egypt, China’s special envoy for climate change Xie Zhenhua reiterated the urgency and necessity of cooperating and helping developing countries in …
China to extend loan support for micro, small businesses
China has stepped up support for epidemic-hit small market players by deferring their loan repayments, according to a circular jointly released by the country’s central bank and five other government …
China ‘reversed’ economic slide with timely policy moves, Premier Li Keqiang tells IMF chief
Chinese Premier Li Keqiang told International Monetary Fund (IMF) managing director Kristalina Georgieva in Cambodia that the world needs macroeconomic policy synergy to stave off recession.
China’s ‘most comprehensive’ rescue package for property sector lifts stocks, bonds
By Clare Jim and Xie Yu HONG KONG (Reuters) -Chinese property stocks and bonds soared on Monday as the market cheered Beijing’s “most comprehensive” support measures aimed at boosting liquidity in the …
‘Turning point’ for China’s property developers: Beijing measures to ease credit crunch, stabilise sector, analysts say
Beijing’s 16-point rescue plan to stabilise the nation’s wobbling property sector is being hailed by analysts as the clearest sign yet of the government’s determination to resolve the crisis.
Chinese cities including Beijing report record COVID cases
Beijing and several other major cities in China reported record COVID-19 infections on Monday, putting authorities under more pressure to quell outbreaks quickly while also trying to reduce the impact …
China Unveils Sweeping Measures To Rescue Property Sector
Chinese authorities have unveiled sweeping measures to rescue struggling property sector, as regulators seek to offset years of harsh pandemic curbs and a real estate crackdown that have stalled the …
Oil prices extend gains on China demand hopes
Oil prices rose nearly 1% on Monday, extending gains from the previous session as China eased some of its strict COVID-19 protocols, fuelling hopes of a recovery in economic activity and demand at the …
Huge loans that countries owe to China may actually never get repaid, says analyst
Though China today finds itself holding significant sway over the financial futures of many developing nations the vast sums of money that countries owe to Bei …
China extends bank deadline for capping property sector loans
China’s central bank will extend a year-end deadline for lenders to cap their ratio of property sector loans, one of the strongest moves yet by Beijing to relieve pressure from the credit crunch …