The founder and former chairman of Chinese e-commerce firm PDD Holdings Colin Huang, who rose to become the richest person in China earlier this month, saw his net worth fall by roughly $14 billion on…
Tagged By finance
China’s Budget Spending Drops as Land Sales See Record Fall
(Bloomberg) — China’s broad budget expenditure contracted and income from land sales for local governments fell at a record pace, a sign of fiscal weakness that may further increase calls on Beijing …
The People’s Bank of China has a transparency problem
The writer is a professor at Cornell University and senior fellow at the Brookings Institution If monetary mystique is an art, the People’s Bank of China takes that to the extreme. Among the major …
China’s Industrial Profits Climb Even as Warning Signs Flash
(Bloomberg) — Profits at China’s industrial companies rose in July, though weak domestic demand is calling into question whether their resilience can last. Most Read from Bloomberg Sydney Central …
China’s Fiscal Revenue Should Pick Up Soon After Slumping in First Seven Months, Finance Ministry Official Says
(Yicai) Aug. 26 — China’s fiscal revenue will rise in months to come, despite tumbling in the first seven months, as macro-economic policies take effect, the economic recovery becomes more solid, and …
Beijing creates AI standards academy as China races ahead to equip robots with AI tech
The Beijing municipal government has launched an Artificial Intelligence Standardisation Academy, with the goal of setting up rules and standards for AI products and their applications in the robotics …
China’s central bank maintains interest rate amid net liquidity drawdown, bond market concerns
China’s central bank has opted to keep its key one-year interest rate steady at 2.3 percent, following a reduction of 20 basis points in July. This decision comes alongside a significant net …
China to keep up financial risk control campaign with draft rules for microlenders
A draft set of rules and standards have been released for China’s microfinancing firms, with risk control and consumer protection in mind.
China’s fiscal revenue falls 2.6% in the first seven months of 2024
China’s fiscal revenue fell 2.6 per cent in the first seven months of 2024 from a year earlier, narrowing slightly from a 2.8 per cent slide in the first half, …
China’s fiscal revenue falls 2.6% in the first seven months of 2024
China’s fiscal revenue fell 2.6 per cent in the first seven months of 2024 from a year earlier, narrowing slightly from a 2.8 per cent slide in the first half, …
China’s Fiscal Revenue Slumps in First Seven Months But Should Pick Up Soon, Finance Ministry Official Says
(Yicai) Aug. 26 — China’s fiscal revenue will rise in months to come, despite tumbling in the first seven months, as macro-economic policies take effect, the economic recovery becomes more solid, and …
China’s central bank conducts $66 billion via reverse repos Monday
China central bank conducted 471 billion yuan about US66 billion of seven-day reverse repos at an interest rate of 17 percent MondayXinh …
China’s chief market regulator calls on fund managers to inject confidence, revive stocks
China’s chief capital market regulator has called on leading state-run investment institutions and private asset managers to step up their presence and help revive confidence among investors in the …
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