A once-optimistic Chinese middle class is struggling, with many now slipping toward poverty – sad for workers, dangerous for the CCP.
Tagged By finance
Gold Drops as Jobs Data Dash Fed Cut Hopes, China Pauses Buying
Gold fell the most since April as surprise strength in a key US jobs report dashed hopes that the Federal Reserve will be able to start lowering borrowing costs soon.Most Read from BloombergReal …
China more important than IMF? Why Pak PM postponed Budget to visit Beijing
Pakistan’s government reportedly postponed the announcement of its Budget in order to schedule Pakistani Prime Minister Shehbaz Sharif’s five-day visit to China starting June 4, with the ostensible …
A free trade pact could see strongest economic ties yet for China, Japan and South Korea. Can they make it happen?
Talk of a free trade pact among Japan, South Korea and China resurfaced at their recent summit. Analysts say pragmatism must prevail over ideology to close the deal.
ICBC: China’s Banking Leader on the Global Stage
The Industrial and Commercial Bank of China, or ICBC (HK:1398) (IDCBF) was founded in 1984 during a period of significant economic reforms in …
Poly Property’s sales slump as Beijing’s market rescue package produces mixed results
The Chinese state-backed developer saw sales fall by almost a fifth in May, adding to a mixed picture of the impact of Beijing’s historic measures to rescue its crisis-hit real estate segment.
The strange tale of a $457 million deposit, 100 million masks from China, and one tiny bank
A US bank regulator has been asked to look into a 2020 wire transfer that has roped the Republican party’s favorite lender and JPMorgan into a long-running dispute.
China’s Unprecedented Dump of $53 Billion in US Treasuries Rattles US Economy
China’s decision to cut ties with a record number of US treasuries and agency debt bonds, totaling $53.3 billion, is a bold move that underscores the escalating tensions between the world’s two …
The diamond industry is in trouble as it loses its sparkle in China
Diamond prices have sunk by about 30% since 2022. China’s declining marriage rates and embrace of lab-grown diamonds are partly to blame.
China’s Space Pioneer raises $207 million to fund rocket development
Beijing-based rocket developer Space Pioneer said on Thursday that it had completed more than 1.5 billion yuan ($207 million) round of fundraising that will go towards financing the development of its …
China’s Economic Evolution: Navigating Crises and New Horizons
China’s economic response to current crises will have substantial global impacts. Amid domestic real estate challenges, debt pressures, and low foreign investment, companies are diversifying away from …
Govt’s reforms measures started yielding results: PM tells China EXIM Bank chief
The prime minister, talking to Chairman of China Export-Import Bank (EXIM) Dr. Wu Fulin here, highlighted his government’s reform agenda focused on …
PwC’s China woes: Merchants Group unit latest to jump ship as auditor comes under scrutiny
China Merchants Shekou Holdings, the property arm of the state-owned group, said it will hire KPMG, reversing its decision to appoint scandal-plagued PwC.
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