China’s broad fiscal deficit hit an all-time high in the first nine months of the year as Covid outbreaks and a housing market slump continue to erode government income.
Tagged By banking
The Two Contenders To Be Next Governor Of China’s Central Bank
The ruling party’s twice-a-decade congress didn’t include Governor Yi Gang or Guo Shuqing, party secretary at the central bank, on its leadership list, suggesting changes may be coming. Economists see …
China to impose consumption tax on e-cigarettes from November
China’s Ministry of Finance will impose a consumption tax on e-cigarettes sold in China from Nov. 1, according to a notice published on Tuesday.
China makes it easier for firms to borrow from overseas as yuan drops
China’s central bank and foreign exchange regulator on Tuesday raised the cross-border macro prudential adjustment ratio for corporates and financial institutions, making it easier for domestic firms …
China to promote foreign investment in manufacturing
China said on Tuesday it will promote foreign investment with a focus on manufacturing industries, after President Xi Jinping called in China to “win the battle” in core technologies during the …
China’s third-quarter GDP surprises, casting doubt on an easing of zero-Covid strategy
While ‘notable downward pressures’ continue to thwart a full economic rebound, some say the market may be concerned that the need to rein in China’s disruptive coronavirus-containment measures has …
MCHI: China Stocks Plunge To Near Decade-Plus Lows Following Xi’s Re-Election
Chinese stocks endured their worst day since the COVID Crash on Monday following President Xi’s victory. Read more on the MCHI ETF and how it’s impacted.
U.S.-listed Chinese stocks drop 20% after Beijing’s power reshuffle makes the market ‘uninvestable’
The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged more than 18% to hit a new 52-week low.
China and Hong Kong stocks fall as Xi Jinping secures 3rd term
Yahoo Finance’s Kevin Cirilli discuss how Chinese stocks are performing after Chinese leader Xi Jinping consolidated power at the Party congress.
Stock Market Today: Stocks Higher on Fed Rate ‘Pivot’ Hopes; China Slumps As Xi Consolidates Power
Slower growth prospects, and hints of a Fed ‘pivot’ on interest rate hikes, has bond yields moving sharply lower and stocks extending gains Monday.
BOJ, BoJo, Beijing and Bond Bounce
The reports triggered a recoil in U.S. bond yields from their highest levels in over a decade, while futures pricing for a peak Fed ‘terminal rate’ of more than 5% next year fell back by…
China’s Share Of Global Economy Set To Stall- New Research
Over the last half century the Chinese economy has transformed from a beleaguered struggling emerging market into a global power house, with high growth year after year after year, sometimes …
China Stock Markets Down Following Xi Jinping’s Power Play
China’s stock market dropped on Monday after Xi Jinping was confirmed as the country’s leader for a third consecutive five-year term, breaking with the Communist Party’s traditional two-term limit. As …
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