Shanghai on Monday announced an end to its two-month long COVID-19 lockdown, allowing the vast majority of people in China’s largest city to leave their homes and drive their cars from Wednesday.
Tagged By banking
Goldman Sachs discusses the stressors in China’s property market
Kenneth Ho of the investment bank weighs in on China’s property sector and its broader economy. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more…
China draws from next year’s budget for local government handouts
China’s finance ministry has dipped into next year’s budget to hand over 400 billion yuan ($59.7 billion) to local governments to cover the cost of tax breaks and fee cuts designed to give businesses …
China’s Curbs on Property and Covid Have Cut Emissions – For Now
(Bloomberg) — China’s carbon emissions have posted their longest sustained drop in a decade due to Beijing’s efforts to rein in the property market, boost clean energy and control the spread …
AIA China approved to begin preparations for new branch opening
AIA China has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) to begin preparations to establish a new branch in Henan province. AIA said the Chinese life …
Congress should remove China’s state-owned companies from U.S. capital markets
On one side are U.S. consumers and defense hawks concerned with China’s rise. On the other side are Wall Street investors and pundits urging wider trade with Beijing. This tension is now coming to a…
China will gift digital yuan to its citizens to boost the economy after the lockdown
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as …
Musk’s optimism about China’s EV market best rebuttal to Western badmouthing against Chinese economy
China’s Ministry of Finance said on Monday that the next step is to implement the fiscal subsidy policy for the NEV industry to promote its high-quality development. While Forbes on Monday claimed …
China’s banking sector ratchets up support to boost economy
As the fallout of COVID-19 continues to weigh on the world’s second-largest economy, China’s banking sector has ratcheted up support measures to boost the economy, channeling funds to where they are …
Cash crisis amid China’s stalling economy: rural banks freeze accounts, regulators playing ‘pass the parcel’
Deposits at four rural banks in the central Chinese province of Henan have been frozen since April 18, sparking protests in the provincial capital city of Zhengzhou President Xi Jinping has placed …
China leverages fiscal policies to spur decarbonization
China’s Finance Ministry unveiled a guideline on Monday further leveraging the role of fiscal policies to achieve the country’s carbon peaking and carbon neutrality goals. By 2030, a fiscal and …
Economic Watch: China’s banking sector ratchets up support to boost economy
As the fallout of COVID-19 continues to weigh on the world’s second-largest economy, China’s banking sector has ratcheted up support measures to boost the economy, channeling funds to where they are …
China Will Airdrop $13.5M of eCNY to Stimulate Economic Demand After Lockdown
China will give out over $13.51 million to residents of various areas in an attempt to boost local consumption.
