On Wednesday, its chairman Hu Vangming warned that the “winter” of steel demand from China’s struggling construction industry would be “longer, colder and more difficult than we expected”. This …
Tagged By finance
China, US Team Up on Contact Group to Handle ‘Financial Stress’
China’s central bank said a meeting in Shanghai produced an agreement with the US Treasury to appoint contact people to deal with any future “financial stress events,” a rare example of the world’s …
US-China financial working group seek to ‘strengthen’ cooperation in times of stress
Financial Working Group met in Shanghai last week, with officials from China and the US discussing a wide range of issues over two days.
US-China financial working group seek to ‘strengthen’ cooperation in times of stress
Financial Working Group met in Shanghai last week, with officials from China and the US discussing a wide range of issues over two days.
Regulatory, geopolitical uncertainties cloud M&A activity in China: Deloitte
Investors are not sure about the economy, confidence is not high and they want the Chinese government to take steps to drive growth, Deloitte’s Stanley Lah says.
China widely expected to keep lending benchmark LPRs unchanged in Aug
SHANGHAI: China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest rates in July …
U.S., China sign agreement to cooperate on financial stability
The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday.
Iron ore prices plummet amid China’s property crisis
Iron ore prices have crashed to their lowest level in two years, driven by the ongoing crisis in China’s property sector, which has severely weakened steel demand. This sharp decline is posing a …
China’s stable economic growth significant boon to global economy: Brazilian expert
China is a major driver of global economic growth that “has boosted international investors’ confidence and reduced international financial market volatility,” Ronnie Lins, director of the …
China must rein in local governments
But that period is over. Today, local governments are arguably the greatest source of market distortion and financial risk in China.
Discovering China’s Undiscovered Gems in August 2024
As China’s market shows signs of resilience despite weaker-than-expected economic activity, the Shanghai Composite Index and CSI 300 have posted modest gains, reflecting cautious optimism among …
China should consider setting a formal inflation target
With broad deflationary forces dominating the Chinese economy, Beijing ought to empower its central bank to maintain price stability.
China’s stable economic growth significant boon to global economy, says Brazilian expert
China is a major driver of global economic growth that “has boosted international investors’ confidence and reduced international financial market volatility,” Ronnie Lins, director of the …
