China suffered the biggest outflow on record from its financial markets last month as the prospect of higher US tariffs posed more risks for the world’s second-largest economy.
Tagged By finance
China capital markets outflow hits record high in Nov after Trump election win
China’s capital markets outflow reached a record high of $45.7 billion in November, according to official data tracking cross-border payments, as Donald Trump’s U.S. presidential election win roiled …
Exclusive: China plans record budget deficit of 4% of GDP in 2025, say sources
Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two …
China may keep trying to spur consumption without big stimulus
BEIJING – China’s top leaders have signalled stronger stimulus to help fill a hole in consumer demand. That doesn’t mean Beijing will roll out a “bazooka” package just yet, or abandon its factory …
China capital markets witness record outflows in Nov, official data shows
China’s capital markets witnessed a record outflow of $45.7 billion in November, according to official data tracking cross-border investments in stocks and bonds.
US-China working groups on economy, finance meet as future in doubt under Donald Trump
Dialogue set up last year as Biden and Xi sought to manage bilateral differences could fall off amid anticipated revival of trade war.
China to boost direct fiscal support to consumers, party commission says
China will promote stable growth in household income next year by increasing direct fiscal support to consumers and improving social security, a key economics committee of the Communist Party said.
China’s Latest Japan-Like Mistake May Be Its Worst
China’s deflation problem hasn’t yet reached crisis proportions. But Xi Jinping’s team is making a fundamental mistake that could accelerate China getting there.
China Will Keep Trying to Spur Consumption Without Big Stimulus
China’s top leaders have signaled stronger stimulus to help fill a hole in consumer demand. That doesn’t mean Beijing will roll out a “bazooka” package just yet, or abandon its factory focus.
Bank of Japan stands to gain the most from the yuan’s slump
China’s yuan might soon be heading into a deliberate tailspin, and while that could be bad news for most Asian currencies, the Bank of Japan (BOJ) might find itself in a unique position to benefit.
China’s fiscal revenue falls 0.6% in January-November
China’s fiscal revenue in the first 11 months of 2024 fell 0.6% from a year earlier, narrowing from a 1.3% slide in the January-October period, the finance ministry data showed on Monday. Fiscal …
China’s November retail sales miss expectations as real estate slump deepens
China’s retail sales rose by 3% in November from a year ago, according to National Bureau of Statistics data released Monday, missing the forecast of 4.6% in a Reuters poll. That marked a sharp …
China’s Xi Jinping brings finance to heel with arrests and salary caps
The financial sector is under pressure from the Chinese Communist Party to give up its profits and put itself at the service of ‘common prosperity.’ …
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