The nation’s banking institutions have a chance to respond to the policy directives aimed at boosting China’s consumer spending with loans and other retail credit solutions that can provide consumers …
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China banks cut consumer loan rates to record low to spur demand
NEW YORK] Chinese banks are slashing rates on consumer loans to record lows as policymakers ramp up stimulus to stabilise growth and counter US President Donald Trump’s tariffs. Read more at The …
China keeps close eye on US, Panama Canal deal
China does not seem pleased with the recent deal between a Hong Kong company and U.S. finance and investment firms for the ownership of certain ports on the Panama Canal …
More China Consumers Feel Better Off, Deutsche Bank Survey Shows
Consumer sentiment in China has improved sharply from last year, a survey by Deutsche Bank AG has revealed, offering a glimpse into the state of household expectations that remain held back by the …
China scrutinising Hong Kong firm’s sale of Panama Canal ports
China is scrutinising a deal struck by a Hong Kong company to sell ports at the Panama Canal to a United States financial firm. Beijing directed multiple agencies on Tuesday to examine the transaction …
China’s banking financial institutions urged to better support private economy
BEIJING – The China Banking Association and the All-China Federation of Industry and Commerce jointly issued a proposal on Monday, calling on the country’s banking financial institutions to use more …
Retail Giant Target, Which Relies On China For 30% Of Its Merchandise, Warns Of Profit Hit As Trump’s Trade War Bites
Target Corp. (NYSE:TGT) has warned that President Donald Trump‘s tariffs could erode profits as the retail giant faces a combination of economic headwinds and consumer backlash over its recent retreat …
Top creditor China approved no loans to Cambodia in 2024, data shows
China signed no new loan to Cambodia last year, latest data from Cambodia’s finance ministry shows, in a dramatic reversal by the country’s top creditor that if continued could affect infrastructure …
China’s Economy Shows Signs of Strength as Trade War Begins
China’s consumption and industrial production grew faster in January-February, an upswing that exceeded forecasts, according to data released Monday. At the same time, new- home prices fell more …
China unveils childcare subsidies and income boost in new stimulus plan
The initiative comes as consumer spending remains subdued after a slow recovery from COVID-19 disruptions and a prolonged property market slump.
China February bank lending slows more than expected as US tariffs add to uncertainty
BEIJING] New bank lending in China tumbled more than expected in February from a record high the previous month, even as policymakers seek to shield the economy from an escalating trade war with the …
Elon Musk could be a bridge between the U.S. and China — but for which country’s benefit?
Tech billionaire Elon Musk’s financial interests in China have raised concern that they could influence his work as a senior adviser to President Donald Trump.
Beijing criticizes CK Hutchison’s $23 billion Panama Canal deal by reposting commentary that slams it as ‘an act of submission’
CK Hutchison dropped by over 6% in Hong Kong trading on Friday, even as the city’s benchmark Hang Seng Index rose by over 2%.
