Jim Chalmers has met with China’s Finance Minister Liu Kun, the first Australian Treasurer in four years to have a meeting with their Chinese counterpart.
Tagged By finance
Deutsche Bank Cuts China’s 2023 Growth Forecast to 5.3%
(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand and a deterioration in the …
China’s Financial Regulatory Regime Finding Its Feet
Beijing released an official plan to reform Party and state institutions. This document lays out plans to address deficiencies in …
Exclusive-China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources
China’s CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing’s call to bridge income inequality in the financial …
(China Economic Roundtable) Chinese Economy Sees Hard-Won Recovery in H1 amid Global Downturn
China’s economic performance in the first half (H1) of 2023 showed signs of recovery in the face of various challenges, guest speakers told the China …
China Evergrande Posts Losses of $81 Billion Over Two Years
China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading and …
China’s floundering economy is a test for Xi Jinping
They showed that the economy grew by 6.3% in the second quarter compared with a year earlier. That looks impressive. But it was slower than expected. And the figure was flattered by a low base…
Morning Bid: Global market outlook bright but China’s clouds darken
Data on Monday showed that the world’s second largest economy grew at a frail pace in the second quarter while China’s Evergrande Group (3333.HK), the world’s most indebted property developer, said it …
S. Korea’s finance chief meets U.S., Chinese counterparts to discuss economic ties
Finance Minister Choo Kyung-ho held separate talks with U.S. Treasury Secretary Janet Yellen and China’s finance chief, Liu Kun, on Monday in Gandhinagar, India, on the sidelines of the G20 Finance …
Analysis: Will China ever get rich? A new era of much slower growth dawns
Zhu Ning, deputy dean at the Shanghai Advanced Institute of Finance, said improving social welfare could make growth rates of 3-4% more sustainable. Koo said China’s problems are more challenging than …
Marketmind: Global market outlook bright but China’s clouds darken
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Another day, another whoosh higher on Wall Street, but the double whammy of gloomy news from China on Monday …
Wall Street firms lower China GDP projections after disappointing Q2 print
In June, China’s central bank lowered a short-term lending rate for the first time in 10 months to help drive its recovery following last year’s Covid lockdowns. “To counteract persistent growth …
China GDP: disappointing second-quarter growth tests Beijing’s ammunition to fix uneven economic recovery
China’s economic growth in the second quarter was below market expectations despite Beijing’s effort to boost the post-coronavirus pandemic recovery.