Qilai Shen—Bloomberg via Getty Images China’s video gaming industry thought it had made it through Beijing’s government crackdown. Regulators have taken a more friendly approach to the industry over …
Tagged By finance
China’s biggest banks lower deposit rates for third time in 2023 with eye on improving profitability
Lower deposit rates should help alleviate pressures on banks’ margins and lay the groundwork for the People’s Bank of China to cut its policy lending rates in January, Nomura analysts say The average …
China central bank: will optimize central, local governments’ debt structure
China’s central bank will optimize the debt structure between the central government and local governments, it said in its 2023 Financial Stability Report on Friday. China will meet the reasonable …
China will implement proactive fiscal policy in 2024: finance ministry
China will implement proactive fiscal policy next year and step up efforts to resolve existing hidden debt, according to a Friday statement of the national fiscal work conference for 2024, held in …
China’s finance ministry: We will continue to strengthen counter-cyclical and cross-cyclical macro policy adjustments.
Head-of-state diplomacy leads the way in which China pursues peaceful development and advances the building of a community with a shared future for mankind. China Daily presents a …
Nike shares dive in after-hours trading after it warns of ‘increased macro headwinds’ in Greater China and EMEA
Chief financial officer Matthew Friend blamed the drop on “increased macro headwinds particularly in Greater China and EMEA”. Nike’s Greater China sales rose 4% on-year in the latest quarter, still …
Beijing risks fiddling while China’s economy sinks further into deflation
China is in danger of making the same mistake as Japan in treating the symptoms of the economy’s descent into deflation, rather than the causes The extreme focus on the US Federal Reserve is …
China’s Financial Stress Is Mounting. Beijing Faces a Painful Decision.
Ratings firm Moody’s put China’s debt on a negative outlook. Property developer defaults are just a piece of the problem.
China’s Big Banks Cut Deposit Rates as Growth Plateaus
China’s biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth.
China stocks rise after five banks cut interest rates; HK down on gaming rules
Five of China’s largest state banks, including Agricultural Bank of China and China Construction Bank, cut interest rates on some deposits from Friday, providing room to reduce lending costs as the …
After bumpy recovery, China’s economy faces serious headwinds in 2024
The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues.
Bank of China, Agricultural Bank cut interest rates on some deposits
Bank of China and the Agricultural Bank of China have cut interest rates on some deposits from Friday, according to the banks’ websites.Rates for 1-year and 2-year time deposits were cut by 10 basis …
China and Russia have almost completely abandoned the US dollar in bilateral trade as the push to de-dollarize intensifies
China and Russia have more than 90% de-dollarized their bilateral trade, according to Russia’s prime minister.
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