The stakes for China could not be higher. Even if the country were growing at the claimed pace, it would not be able to retire debt. As a practical matter, China is now having its…
Tagged By finance
China’s Rate Cut Steals Plenum’s Muffled Thunder
China’s economic difficulties are too hard to ignore. At the five-yearly Third Plenum — a gathering of the Communist Party leadership — that ended last week, the urgency for fiscal reforms and …
Hamas and Fatah sign agreement in Beijing ‘ending’ their division, Chinese state media says
Since then, Hamas has ruled Gaza and the PA governs parts of the West Bank. At a press conference Tuesday in Beijing, Hamas delegation representative Mousa Abu Marzook said they had reached an …
China’s central bank conducts $37.5 billion via reverse repos
China central bank conducted 2673 billion yuan about US375 billion of seven-day reverse repos at an interest rate of 17 percent Tuesday …
China Responds to Economic Concerns With Rate Cut. Why That Isn’t Enough.
and find ways to take on more financial responsibilities. The People’s Bank of China tried to do its part by unexpectedly trimming a key interest rate on Monday for the first time since last summer,…
China’s trade with Mexico is not reciprocal, says finance minister, echoing US concerns
Mainland GDP growth comes ‘at expense of North America’, so only logical that both Americans and Mexicans demand fair share of global demand Sino-Mexican trade is not reciprocal and the North American …
Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus
Tesla’s second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk is expected to double down on the company’s robotaxi plans …
Beijing Announces Surprise Interest Rate Cuts – TaiwanPlus News
China’s central bank announced surprise rate cuts on Monday. The rate cuts come as Beijing mulls measures to improve its economy.
Bohai Bank to sell US$3.5 billion in loans to China’s bad banks in bid to shore up capital
China Bohai Bank proposed to sell US$3.5 billion worth of assets at a discount to bidders including the nation’s bad debt managers via a public tender to shore up capital levels.
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges
But many economists argue China has since made steps in the opposite direction on market liberalisation and the private sector, having tightened capital controls after a stock market rout in 2015 and …
China cuts key interest rate after Xi’s top meet disappoints
China’s property crisis – where a toxic mix of over-building, poor sales, falling values and heavy debts have driven some of the biggest developers into insolvency – has undermined the financial …
China’s central bank cuts a key interest rate, moving to revive property sales and put more pep into its slowing economy
China’s central bank cuts a key interest rate, moving to revive property sales and put more pep into its slowing economy …
China central bank cuts two key rates to support flagging economy
China’s central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world’s second-largest economy. – Sluggish growth – The economy slowed sharply in …
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