BEIJING – China issued 40 billion yuan ($5.63 billion) of ultra-long special treasury bonds with a term of 30 years on Friday, the first batch of its 1 trillion yuan of such bonds planned for…
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China to let local governments buy homes, cut mortgage rates to revive property sector
China will allow local government authorities to buy some homes at “reasonable” prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the …
China stimulus starts with a bond, not a bang
Beijing’s economic stimulus has finally arrived. China’s Ministry of Finance on Friday will sell 1 trillion yuan, or $138 billion, of ultra-long special sovereign bonds. This paves the way for more policy support to spur…
China Removes Mortgage Rate Floor for Individual Homebuyers
China removed the floor on mortgage rates and lowered the minimum down payment ratios for individual homebuyers in its most drastic move to shore up the beleaguered property market.
China issues first batch of 30-year stimulus bonds at yield of 2.57%
The bid-to-cover ratio for the first tranche of the special bonds was 3.91 times, suggesting solid demand for such bonds …
China’s yuan weakens as dollar rebounds, disappointing data weighs
HONG KONG: China’s yuan eased on Friday as the US dollar rebounded and a flurry of domestic data pointed to weaker retail sales and investment, suggesting the world’s second-largest economy is still struggling for traction.
Putin to push growing Moscow-Beijing trade in China’s northeast
BEIJING – After sealing pledges of a “new era” of strategic partnership with China’s Xi Jinping, Russian President Vladimir Putin on Friday is set to highlight the growing importance of trade near …
China’s factory output jumps as Beijing bets on industry to drive recovery
China’s economy has shown mixed signs of a recovery in recent months, with exports returning to growth in April but domestic sentiment struggling under a deep slump in the property sector.
China Regulators to Discuss Property Aid With Banks Friday
China’s government plans to hold a meeting with key officials on Friday morning to discuss the property market, including a proposal to clear excess housing inventory, according to people with …
High-quality B&R cooperation: Pakistan, China agree to deepen Beijing’s steps
According to a joint statement issued simultaneously in Islamabad and Beijing on Thursday, Deputy Prime Minister and Foreign Minister Ishaq Dar visited China from May 13 to May 16, 2024, at the …
FirstFT: China trade experts urge Xi Jinping to respond with caution to US tariffs
Also in today’s newsletter, Shein switches focus to London IPO, and China’s biggest banks launch first sales of special loss-absorbing debt …
Pentagon warns Beijing about its military ties to Russia, even as Xi and Putin meet
Ely Ratner, US Defence Department’s chief for Indo-Pacific security, expresses “serious concern” in video link with Major General Li Bin of China’s Central Military Commission.
Xi and Putin pledge to develop even closer China-Russia ties in energy and finance
Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.
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