China’s debt crisis is escalating, and it’s something the world should be paying close attention to. As the world’s second-largest economy, China’s financial stability has significant implications for …
Tagged By finance
China’s New Loans Fell in July for First Time in Two Decades
A key measure of lending at Chinese banks contracted for the first time in two decades in July while broad credit growth slowed, as borrowing demand languishes in an economy stuck in deflation.
China’s property investment falls 12% y/y in January-July
Property investment in China declined 12.0% in the first seven months of the year from the same period last year, after dropping 11.2% in the first half, official data showed on Friday.
U.S.-China chip war: How Trump’s Nvidia-AMD deal has redefined Washington’s export control policy
One dismayed Democratic lawmaker said the move signals to China “that American national security principles are negotiable for the right fee.” …
The EU urges China to lift ‘unjustified’ sanctions on Lithuanian banks
The EU’s latest Russia sanctions package, adopted in July and effective August 9, included Heihe Rural Commercial Bank and Heilongjiang Suifenhe Rural Commercial Bank. The bloc accused them of …
Chinese hotels turn to hawking food as guests tighten belts
Every evening, staff at Beiyuan Grand Hotel in Beijing set up street stalls selling freshly-cooked gourmet dishes trying to make up for falling revenue indoors as Chinese consumers and firms cut …
A Double Jolt For Chinese Stocks — Thanks To Trump And Beijing’s Big Bet
U.S.-listed Chinese stocks rallied sharply Wednesday morning, as Beijing’s new stimulus targeting consumer loans and service-sector businesses signaled a deeper commitment to reviving domestic demand …
🏦 Banking blackout — Beijing bans 2 Lithuanian lenders in revenge for EU sanctions on Chinese banks
China has taken strong action against two European Union banks, in a move that signals rising tensions between Beijing and Brussels. The measures were announced by China’s Ministry of Commerce on …
Beijing urged to curb ‘free milk tea’-style cash burn in e-commerce battle
Instant retail has potential to boost domestic demand, but more government policy support needed to end excessive competition, central bank adviser says.
China pledges more financial support for consumption with loan interest subsidy
China plans to boost domestic consumption by offering interest subsidies on loans to households and businesses, aiming to reduce borrowing costs and spur spending, Vice Finance Minister Liao Min said …
China unveils new stimulus plan to subsidize consumption-tailored loans
In China’s latest effort to boost domestic consumption, three government departments announced a plan to provide subsidies on qualified personal consumer loans with a maximum of 3,000 yuan ($417.5) …
UK companies in China buoyed by diplomatic thaw
Warming between London and Beijing encourages expansion by British businesses in world’s second-largest economy …
China seeks to bolster demand by subsidising interest costs on consumer loans
Plan will subsidise one percentage point of the annual interest on loans, capped at half of the contracted loan interest rate.
