News that big developer Country Garden was not able to make $22 million in bond payments is an alarm call for China’s government that more private property companies are close to a tipping point if…
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China Slides Into Deflation as Consumer and Factory Prices Drop
Falling consumer and factory prices are adding pressure on policymakers to step up China’s monetary and fiscal support to combat deflation.
China’s Economy Faces Yet Another Threat: Falling Prices
A deepening slowdown in the world’s second-biggest economy has now raised fears of deflation, which could be crippling for heavily indebted China.
A rift is growing between Xi and Putin after Russia mocked a Ukraine peace plan backed by China
China has been Russia’s most important backer amid the war in Ukraine, but it is growing increasingly frustrated with Russia’s leadership.
China is escalating its war on kids’ screen time
The extreme summer heat of 2023 has made it a great year for Chinese air-conditioner manufacturers. According to the Chinese financial publication Yicai, the El Niño phenomenon caused temperatures to …
Flashfloods kill 7 in southwestern China, death toll climbs to 33 in Beijing downpour
At least seven people died on Wednesday due to flashfloods in southwestern China, officials said. “Four (missing people) have been rescued, while seven have already been confirmed dead,” broadcaster …
China Consumer Prices Fall. It’s Not Quite Deflation But a Sign of a Faltering Economy.
Chinese consumer prices fell in July for the first time since the depths of the pandemic, the latest indication that the world’s second-largest economy is weak. The consumer price index declined 0.3% …
How China is responding to economic challenges
China on Wednesday reported it had entered deflation for the first time since 2021 — the latest indicator pointing to a slowdown in the world’s second-largest economy.Here’s how Beijing is attempting …
Stock market today: Asia shares mostly decline after Wall Street slide on bank worries
Asian shares are mostly trading lower after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth.
Asian shares weaken slightly on China deflation risk, bank jitters
China’s onshore yuan moved away from a three-week low … with consumer prices falling by more than expected in the month to mid-July. The central bank cut interest rates by 50 basis points last week.
Asian shares hesitant on China deflation risk, bank jitters
Asian shares were on the defensive on Wednesday after data showed that China slipped into deflation in July, a negative sign for the global growth outlook although it could serve as a damper on global…
China’s major state-owned banks seen selling dollars to slow yuan declines – sources
The state banks usually act on behalf of China’s central bank in the country’s foreign exchange market, but they could also trade on their own behalf or execute their clients’ orders. The dollar …
Dollar firm on safe-haven demand as markets fret over China, banks
The dollar remained on the front foot in Asia on Wednesday, holding on to overnight gains against major peers as investors sought the safety of the currency amid risks from a floundering Chinese …
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