The mortgage rate cut by Bank of Communications or BoCom, as China’s fifth-biggest lender is called, could spur larger banks to follow, days after the Chinese central bank and housing ministry eased …
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China eases mortgage rules in Guangzhou amid efforts to revive key property sector
Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs as the government ramps up efforts to revive the crisis-hit property sector and shore up a sputtering …
Embassy: China open to business, in response to US official’s remark
China will only open up wider to the world, furnished with a world-class business environment, a Chinese embassy spokesperson said on Tuesday in response to the US commerce chief’s comments that some …
James Cleverly meets China’s vice-president amid criticism of Beijing by British MPs
British foreign secretary says face-to-face meetings were important to avoid misunderstandings as report criticises Beijing’s ‘transnational repression’ …
China-UK ties: Cleverly’s visit to Beijing boosts ‘sound and stable’ relations, says vice-president Han Zheng
Top diplomat Cleverly is the first senior UK official to visit China in five years, after then foreign secretary Jeremy Hunt travelled to Beijing in 2018. Beijing slams Taiwan visit by British ex-PM …
India lodges ‘strong protest’ over new China map
India says it has lodged a “strong protest” with China over a new map that lays claim to its territory. Indian media has reported that the map shows the north-eastern state of Arunachal Pradesh and…
Here’s what the U.S. hopes China will do after Raimondo’s trip
U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export controls and tourism.
US seeking more ‘predictable’ business environment in China: Raimondo
The United States wants to work with China to ensure a more “predictable” environment for American businesses in Shanghai, Commerce Secretary Gina Raimondo told officials in the economic hub on …
Commerce chief says US firms complain China is ‘uninvestible’
U.S. Commerce Secretary Gina Raimondo said U.S. companies have complained to her that China has become “uninvestible,” pointing to fines, raids and other actions that have made it risky to do business …
China’s Biggest Homebuilder Raises Capital in Scramble to Pay Debts
Country Garden is teetering on the brink of default with $190 billion in debt, in a sign of the country’s rapidly spreading real estate crisis.
China’s Property Woes to Weigh on Steel Prices Through Next Year
Chinese steel prices are likely to drop through 2024 as demand growth weakens and excess capacity weighs on the market, according to Capital Economics Ltd.Most Read from BloombergCitadel Vets 69,000 I …
China’s too-big-to-fail property giants just the tip of real estate crisis, as ‘suppliers are being dragged to death’
If you ask small-business owner Bill Ye, the writing was on the wall for China’s embattled property sector long before Country Garden said its net losses in the first half of this year could reach…
Chinese bank shares fall on existing mortgages rate cut concerns
Shares in China’s banking sector dropped on Wednesday on worries that a reduction in existing mortgage rates will dent the profitability of lenders already reeling from a worsening property sector …