China’s shaky economy, and teetering property giants like Evergrande, are shaping up as major concerns for 2022. A full-scale meltdown may be avoided, however—if only just.
Tagged By finance
China Will Keep Economic Operations Within Reasonable Range – State Media
China will keep its economic operations within a reasonable range in 2022, state media said on Friday, after a meeting of top leaders ended. China will continue to implement a prudent monetary policy …
China, France to hold 8th high-level economic, financial dialogue
The eighth China-France High-Level Economic and Financial Dialogue will be held on December 13 via video link, Chinese Foreign Ministry spokesperson Wang Wenbin announced on Friday. Chinese Vice …
Beijing reins In the Central Bank
The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed a special status in the nation’s economic hierarchy. Now, President Xi …
Dollar firms ahead of U.S. inflation data as China’s central bank clips yuan’s wings
The dollar was firm ahead of U.S. inflation figures, which could settle the course of interest rates, while the yuan was nursing its sharpest drop in months.
China Tries to Manage Global Message on Evergrande Collapse
A barrage of commentary from China’s top institutions shows authorities are stepping up efforts to manage the international message on China Evergrande Group’s collapse — even if the developer itself …
China financial pledge down 33%, yet to commit to Malawi
Ministry of Finance says Treasury is yet to get feedback on whether China will fund some government projects in the country. The sentiments come in the wake of a 33 percent cut in China’s financial…
China Supports Debt Issuance by Developers to Fund Acquisitions – Sec Times
A Chinese self-regulatory body overseeing the interbank market will support debt issuance by qualified developers to fund acquisitions of real estate projects and finance completion of unfinished …
China’s Central Bank Is Under Pressure, but to What End?
China’s central bank is under increasing political pressure, but that probably doesn’t spell an end to priorities like curbing the growth of bad debt.
China’s Key Economic Meeting to Focus on Supporting Growth
China’s top leaders are set to convene this week to decide the economic agenda for 2022, and analysts are expecting the focus to shift to supporting growth from deleveraging and regulatory crackdowns.
Evergrande Crisis Won’t Hurt Hong Kong Investors, China’s Bank Chief Says
The rights and the interest of [Evergrande’s] creditors and shareholders will be fully respected, in accordance with their legal seniorities,” said governor Yi Gang.
China’s central bank tightens control to restrain currency’s rise
China’s central bank is trying to restrain the rise of the yuan after the currency hit a 2 1/2-year high against the dollar. Commercial banks were ordered Thursday to increase the amount of their …
China Moves to Curb Yuan’s Gain by Lifting FX Reserve Ratio
China forced banks to hold more foreign currencies in reserve for the second time this year, its most substantial move yet to rein in the surging yuan after it strengthened to the highest in three…
