The People’s Bank of China said it would “promote price recovery from low levels and keep prices at reasonable levels.” …
Tagged By finance
China’s Zeekr to begin selling EVs in Singapore in second half of 2024
Zeekr, owned by China’s Geely, has signed an agreement with a Singaporean company to distribute right-hand drive Zeekr 009 MPVs and Zeekr X urban SUVs to customers in the island nation, a Zeekr …
U.S. companies are skittish about investing in China—unless it’s in fast food chains or cappuccinos
Starbucks has invested $220 million in a manufacturing and distribution facility in eastern China, its biggest project outside the U.S. Budrul Chukrut/SOPA Images/LightRocket – Getty Images There’s …
Geopolitical risk forces aircraft leasing companies to rethink exposure to China
Some international lessors have begun to reduce their exposure to the country, industry executives and analysts said. Friction between the US and China, coupled with uncertainty over war risks …
China, AUKUS and Vegemite: Australia through the eyes of the world
Foreign correspondents play a big part in how Australia is viewed in the world, and it’s not all Bondi and barbecues. Here’s how four of them see the posting.
Fast-food market grows in China while most other U.S. companies consider leaving
As some of the world’s biggest brands consider exiting the Chinese market, fast food restaurants are doubling down on their investments.
Russia leans on China and India amid the Ukraine crisis. Inside Putin’s strategic alliances
Since the war broke out in 2022, China has become one of the largest purchasers of Russian oil, funds from which are helping finance the Ukraine invasion. President Vladimir Putin has also secured …
Former China central bank official jailed for 16 years for graft – Caixin
A former Chinese central bank official has been sentenced to 16 years and six months in prison for taking bribes, leaking state secrets and insider trading as the ruling Communist Party tightens its …
The Great China Unwind: Foreign Investors Pull $29B Out Of Chinese Equity Markets In 2023
Nearly 90% of foreign investment into Chinese equity markets in 2023 withdrawn amid growth concerns & losses from real estate sector.
How China’s Property Crisis Blew Up Bets That Couldn’t Lose
Citic said its new fund was as safe as they come because it would invest in real estate. Then the developer defaulted and the projects stalled.
China’s finance minister highlights proactive fiscal policy at symposium
BEIJING, Dec. 28 (Xinhua) — China will continue to implement its proactive fiscal policy to provide financial guarantees for building a modern socialist country in all respects, Minister of Finance …
China’s central bank to step up policy adjustments, drive price rises
CHINA’S central bank said on Thursday (Dec 28) it would step up macroeconomic policy adjustments to support the economy and promote a rebound in prices. Read more at The Business Times.
China will step up implementation of monetary policy, keep liquidity reasonably ample
China will step up the implementation of the monetary policy that has been put in place, the central bank said at a regular meeting on Thursday. The People’s Bank of China (PBOC) will keep liquidity…
