China’s export growth slowed more than expected in August and imports stagnated, a sign of a darkening global economic picture and weak domestic growth hit by Covid lockdowns and a property slump.Most …
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UPDATE 1-China’s trade growth in August loses steam on softer demand
China’s exports growth weakened in August, as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted production, reviving downside risks for the economy. Exports rose …
China’s Big Four banks feel property pinch from failing loans
China’s biggest four banks have been hit by a more than 50 per cent increase in overdue loans from the property sector over the past year, as the real estate market’s liquidity crunch spills into…
China postpones key annual financial forum in Shanghai
China has postponed a key financial gathering set for this week in its financial hub of Shanghai, authorities said on Tuesday (Sep 6), adding that they were aiming for deeper discussion of the topics …
China finance ministry to auction 85 bln yuan 2-year bonds on Sept 14
China’s Ministry of Finance said on Tuesday that it would auction 85 billion yuan ($12.3 billion) in 2-year bonds on SEPT. 14. After the auction, the bonds will be issued from Sept. 14 to Sept.…
Why China’s central bank is shoring up the yuan
China’s central bank has sent a strong signal it wants to keep the Chinese yuan from weakening too quickly against the U.S. dollar, economists said.
China Delays Key Annual Financial Forum Amid Covid Flare-Up
China has postponed an important annual financial forum in Shanghai this week, according to local officials, as the country battles a new wave of Covid outbreak.
China to boost science popularization by highlighting cyberspace, social funds
The country will strengthen the coordination of over 40 government agencies to jointly implement a newly issued official document on the work of science and technology popularization in the new era, …
China’s Foreign Investment Data Distorted by Hong Kong Flows
China’s government data show foreign investment into the economy grew by almost a fifth this year, a feat highlighted by officials as evidence global companies are resisting calls from US and European …
Live news updates: China’s central bank sets renminbi midpoint at weakest level in 2 years
China’s central bank fixed its reference rate for the renminbi at its weakest level in two years on Tuesday as the currency depreciates against a buoyant dollar. The People’s Bank of China set the …
China’s Lockdown Hits City of 6 Million; Chengdu Still Shut
China sealed off parts of Guiyang, capital of the mountainous southern Guizhou province, as an increase in virus cases triggered a stringent response in line with the country’s Covid Zero strategy.
China Is Taking More Visible Measures to Slow Currency’s Descent
China set a stronger-than-expected exchange-rate fixing for a 10th straight day and said it will allow banks to hold less foreign currencies in reserve, its most substantial moves yet to stabilize a …
China central bank to cut FX reserve ratio to help limit yuan weakness
China’s central bank said on Monday it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan’s …