I f not another flat was built and sales continued at their current pace, it would take eight years to sell all the homes lying dormant around Luoyang, a city of 7m in central China.…
Tagged By finance
China’s Central Bank Injects $70 Billion With New Liquidity Tool
China’s central bank injected $70 billion worth of cash into money markets this month via a newly established policy tool to ease liquidity stresses in the fragile economy.
China’s Oct factory, services activity break back into expansion
China’s manufacturing activity in October expanded for the first time in six months, an official factory survey showed on Thursday, supporting policymakers’ optimism that recent fresh stimulus will …
Why China Won’t Give Up on a Failing Economic Model
China’s most pressing short-term economic challenge is weak domestic demand, driven by a lack of consumer confidence. When Chinese consumers refuse to spend, they hoard cash, creating a savings glut …
China’s big banks post Q3 profit gains, squeeze on net interest margins
The Bank of China (BoC) , the Bank of Communications and CCB reported quarterly net profit gains of 4.38%, 1.2% and 3.79%, respectively. ICBC rose 0.2% in Shanghai on Thursday morning after the …
What do Beijing official Xia Baolong’s Jardine Matheson, HSBC meetings mean for Hong Kong?
Experts weigh in on back-to-back meetings with major British companies and the ‘clear message’ being sent to the US Meetings between Beijing’s top official in charge of Hong Kong affairs and two major …
China’s finance sector comes to grips with new normal in year since landmark conference
China’s central financial work conference laid down stricter standards for the field one year ago. How have practices and attitudes changed?
China stimulus should go hand in hand with reforms, ex central bank adviser says
China’s stimulus efforts could come with a cost and they must be carried out alongside reforms to ensure sustainable economic growth, Liu Shijin, a former central bank adviser, said in remarks …
China’s looming fiscal package set to stabilise rather than boost growth
China’s planned fiscal package targets damaged property and local government balance sheets that weigh on the economy and fuel deflationary pressures, thus acting as a stabiliser rather than the …
China stimulus should go hand in hand with reforms, ex c.bank adviser says
China’s stimulus efforts could come with a cost and they must be carried out alongside reforms to ensure sustainable economic growth, Liu Shijin, a former central bank adviser, said in remarks …
EU’s extra tariffs of up to 35.3% on Chinese EVs angers Beijing
The EU’s decision to impose hefty tariffs on Chinese-made electric cars prompted anger from Beijing on Wednesday, after an anti-subsidy probe concluded China’s support undercut European automakers.
Beijing files WTO complaint over EU’s new taxes on Chinese EVs
Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars. China slammed Brussels’s …
Beijing files WTO complaint over EU’s new taxes on Chinese EVs
Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars. China slammed Brussels’s …
