The ADB’s forecast that China’s economy will grow just 3.3% this year compared to 4.3% for developing Asia will put the darkening road toward 2023 in stark relief.
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CKGSB Professor of Finance Publishes English Book Looking at Economic Scarcity in the Digital Era
Professor of Finance at Cheung Kong Graduate School of Business (CKGSB) and well-known economist in China, Dr Zhou Chunsheng, publishes a new book, Limitless Supply: New Economy in the Digital Era, …
Hong Kong’s John Lee vows to retain global connectivity, bank on strengths as ‘open, international city’ to drive growth in Greater Bay Area
Chief executive makes speech at forum, where former head of China’s central bank also says city’s status as financial hub not challenged by worsening US ties Lee also expresses gratitude to Beijing …
China to press market-based interest rates reforms: central bank
China will push forward market-based interest rates reforms while stepping up supervision over deposit rates, according to an article by the central bank’s monetary policy department on Tuesday. The …
China’s Central Bank Signals It Has Policy Space to Ease
China’s current interest rates are “reasonable” and provide room for future policy action, the People’s Bank of China said, adding to expectations it may resume lowering rates in coming months. Most …
Taxes, Inequality And Unemployment Will Weigh On China After Party Congress
China Communist Party Secretary Xi Jinping is widely expected to get a third five-year term as the country’s leader after the upcoming party congress scheduled to start on October 16. What will be …
China’s rulers seem resigned to a slowing economy
Its authors, including Zheng Song of the Chinese University of Hong Kong, tried to explain China’s distinctive pace and pattern of development. The title was as well received as the argument, echoed …
U.S. Treasury official criticizes China’s ‘unconventional’ debt practices
“China’s enormous scale as a lender means its participation … have triggered the biggest net capital outflows from emerging markets since the global financial crisis, Neiman said. He said a systemic …
UPDATE 1-U.S. Treasury official criticizes China’s ‘unconventional’ debt practices
A top adviser to U.S. Treasury Secretary Janet Yellen warned on Tuesday that China’s foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing …
Europe upstages China as main driver for copper outlook
Shrinking copper demand in Europe due to a manufacturing recession caused by the energy crisis will dominate market sentiment for some time with prices likely to retreat towards two-year lows early …
China pushes for broader use of digital yuan, central bank says
Shenzhen in South China’s Guangdong Province, Suzhou in East China’s Jiangsu Province, Xiongan New Area in North China’s Hebei Province and Chengdu in Southwest China’s Sichuan Province — to province …
Tencent steps up expansion in healthcare with new US$41.5 million investment in Xunjie Medical as Beijing eases restrictions
The internet giant’s latest healthcare investment would give it a 19.5 per cent stake in Xunjie Medical, which owns German first aid gear maker Metrax That capital outlay comes months after Beijing …
China digital currency: Beijing to expand e-CNY trials to four entire provinces including Guangdong
The People’s Bank of China (PBOC) will expand e-CNY trials to Guangdong, Hebei Jiangsu, and Sichuan provinces, an official said on Monday The number of users, merchants and transactions is ‘steadily …