As such, in the short term, Fitch’s downgrading of the credit rating outlook will not have a substantial impact on the Chinese economy. Whatever impact it may have will be in terms of emotion and…
Tagged By finance
Is China’s Economy Finally Sprouting Green Shoots?
Hello, this is Allen Wan in Shanghai. I recently arrived back in China’s financial hub after a quick trip over the Qingming holiday to my hometown of New York to pay my respects to deceased…
Uncertainty over China’s debt outlook leads to ratings agency downgrade
China has has its credit rating downgraded after a major ratings agency warned it faces possible uncertainty as it attempts to move away from a reliance on property. US-based Fitch says the sovereign …
China’s policy to boost demand by $700 billion will have a ‘bigger and bigger’ impact, official says
director of the finance ministry’s economic construction department, outlined plans for subsidizing agricultural machinery upgrades and providing tax benefits for water conservation. Fu noted the …
Financial aid backs equipment renewal
China will offer “strong” financial support to promote the large-scale renewal of equipment and the trade-in of consumer goods, and fiscal support from the central government will focus on key areas …
Ray Dalio, Jamie Dimon, Ken Griffin: China, AI, and the global economy
Three heavyweights of global finance have released their latest shareholder updates – we bring you some of the highlights …
UPDATE 1-Biden warns on Beijing’s South China Sea moves in Philippines-Japan summit
Long-simmering tensions between China and its neighbors took center stage on Thursday as leaders of the U.S., Japan and the Philippines gathered at the White House to push back on Beijing’s stepped-up …
Why China’s economic woes should raise concern for the West
The West might be hoping domestic economic strains facing China will curb its appetite for global competition … akin to the spending it delivered to tackle economic downturns in 2015 and the global …
US Urges Action on ‘Generational’ Debt Risks, Calls Out China
The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury …
China’s Moderately Expansive Fiscal Stance Boosts Economic Recovery
On balance, such a moderately expansionary fiscal stance will help drive economic recovery. But given ongoing policy focus on resolving risks associated with the property sector, local government debt …
Top China Banker Steps Down After Brother Becomes Markets Chief
The president of China International Capital Corp. has relinquished his post two months after his brother was named as the head of the country’s top markets regulator.
China’s economy hit by huge new blow as credit rating slashed by major agency
A ratings agency has slashed China’s debt outlook from stable to negative, adding that Beijing will continue to grow its financial woes as the country looks to move away from its dependence on the …
China stocks wobble on weak CPI; Hong Kong snaps 3 days of gains
The sub-index of the Hang Seng tracking energy shares rose 0.9%, while the IT sector climbed 0.07%, the financial sector ended 0.37% lower and the property sector dipped 1.05%. ** Around the region, …
