The impact of the property downturn is well under control, the finance ministry said in a statement. The change in Moody’s thinking comes as China’s deepening property rout triggers a shift toward fiscal stimulus, with…
Tagged By banking
China finance ministry: ‘disappointed’ by Moody’s downgrade of ratings outlook
China’s finance ministry said on Tuesday it is “disappointed” by Moody’s downgrade of the country’s ratings outlook. “Moody’s concerns about China’s economic growth prospects, fiscal sustainability and other aspects are unnecessary,” the ministry said.
COP28: Should India and China benefit from a climate damage fund?
China is the top emitter of greenhouse gases in the world … developing countries would need over $300bn annually to fight climate change. “Loss and damage finance needs are closely connected to our ability to…
China’s Finance Ministry: Economy will maintain its rebound and positive trend
China’s Finance Ministry said in a statement on Tuesday, the “economy will maintain its rebound and positive trend.” Moody’s concerns about China’s economic growth prospects, fiscal sustainability and other aspects are ‘unnecessary’.
China’s battered economy suffers another blow as Moody’s slashes its credit outlook
Beijing has rolled out stimulus packages and ramped up borrowing in a bid to support the embattled Chinese economy this year.
Beijing CBD named China’s top competitive business district
Beijing’s central business district (CBD) was ranked the most competitive among all such business districts across the country, according to a latest ranking by Forbes China. It is followed by CBDs of …
China’s Colossal Hidden-Debt Problem Is Coming to a Head
China is trying to defuse a financial time bomb that could severely damage its banking system. Cities and provinces across the country have accumulated a massive amount of hidden debt following years …
Should India and China receive or pay climate damage fund?
Despite being major polluters, India and China argue they have vulnerable populations that need help.
After Israel and Ukraine, Taiwan business leaders fear Taipei-Beijing tensions may trigger the next geopolitical conflict
Experts fret about what would happen to technology production if TSMC’s foundries fell into Beijing’s hands. A blockade of the island alone would cost the global economy $2 trillion, according to a …
China’s credit reshuffle aims to squelch risk, restore confidence as recovery lags
The Henan Rural Commercial United Bank, with registered capital of 6 billion yuan (US$847.2 million) when it was launched in October, is the fourth institution of its kind to be set up as part of…
China’s Real Estate Giant Catches a Last-Minute Break Before a Possible Liquidation
China’s Evergrande, the world’s most indebted property developer, won an unexpected reprieve on Monday when the Hong Kong High Court postponed a hearing that may have ended in a liquidation order.
China’s youth unemployment crisis has millennials quitting the city for the country and the farming life—that their parents escaped
China’s youth is bearing the brunt of an unemployment crisis … The 30-year-old decided to move to the countryside after an attempt at finance blogging failed, and he developed an interest in fruit.
Pressure Is Building in China’s Financial Plumbing
Signs of indigestion in China’s money markets are an ominous sign—particularly given shadow-bank troubles and enormous government debt.
