China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the country continues to struggle with its worst heatwave in 60 years and rigid Covld lockdowns.
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From energy to drinking water, China has lots to fix in its economy
China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the country continues to struggle with its worst heatwave in 60 years and rigid Covld lockdowns.
Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance …
China battles to prop up the faltering yuan after it falls to a 2-year low against the dollar
In a surprise move, China fixed its currency at a stronger-than-expected level Thursday after the yuan slipped to a two-year low against the dollar.
China Starts Stealth Fightback Against Powell’s Strong Dollar
China took steps to support the weakening yuan Thursday, after a resurgent dollar pushed the currency to a fresh two-year low.The People’s Bank of China set its yuan reference rate at a …
Exclusive-Some Chinese financiers cold shoulder Beijing’s property rescue call-sources
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance …
Supply chain finance stepping into a new era
“With the advance of technologies, the supply chain finance is now ushering in a new development stage featuring digitization and also receiving policy support,” said Hu Yuefei, president Bank, at the …
China’s UN envoy: Bloc confrontation must be rejected
Obsessing over military forces and seeking absolute security will lead only to constant escalation of the regional situation, which is not in the interest of any party, Zhang Jun, China’s permanent …
China’s small, regional banks gain lifeline with planned NPL disposal initiative
But local asset management companies may face pressure to acquire bad debt at prices that make it challenging to earn a commercial return. China’s proposed resolution to accelerate non-performing loan …
Investors are bearish on China, but have more to fear in the US
China’s zero-Covid policy and property crackdown have undermined attempts to boost growth and dashed investor confidence – but at least expectations are in line with reality In the US, markets are …
China Adds 1 Trillion Yuan More of Stimulus to Rescue Growth
China stepped up its economic stimulus with a further 1 trillion yuan ($146 billion) of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property …
China Adds 1 Trillion Yuan More of Stimulus to Rescue Growth
China stepped up its economic stimulus with a further 1 trillion yuan ($146 billion) of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property …
China to promote fiscal, monetary policies to support job stabilisation-minister
China will focus on expanding jobs and promote fiscal, monetary and industrial policies to support job market stabilisation, Li Zhong, Vice Minister of the Ministry of Human Resources and Social …