A return to growth in China’s manufacturing sector and a boom in travel during the annual “Golden Week” holiday is fueling hopes that the economy could be regaining momentum after a major slowdown …
Tagged By finance
World Bank Keeps China 2023 GDP Growth Forecast but Cuts 2024 Outlook
BEIJING (Reuters) – The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its previous estimate in April, but trimmed its prediction for 2024 to 4.4% from 4…
US and China to launch economy and finance working groups to stabilise ties
Move to increase engagement follows Treasury secretary Janet Yellen’s visit to Beijing in July US Treasury secretary Janet Yellen, left, with Chinese vice-premier He Lifeng in Beijing in July. Yellen …
China’s property crisis is testing its too-big-to-fail banks
And pressure is building on those banks as dozens of real estate developers have defaulted or missed payments on overseas bonds, led by China Evergrande, the world’s most indebted developer. The scale …
UPDATE 1-Germany welcomes China’s support for G20 debt restructuring framework
“We welcome the fact that the Chinese side is also committed to this in our Joint Statement, because solutions are inconceivable without China as such an important player in world politics,” German …
Risks China Faces Now That Its Minsky Moment Has Begun
There are significant risks that China will double down as it takes on excessive debt, invests in nonproductive enterprises, and experiences weak economic growth.
China, Germany agree to expand market access
China and Germany agreed on Sunday to expand mutual market access based on a level playing field and strengthen cooperation in the fiscal and financial areas, as strengthening economic ties could be …
China, Germany hold high-level financial dialogue, both sides committed to combatting trade protectionism
China and Germany held the 3rd China-Germany High Level Financial Dialogue in Frankfurt on Sunday, during which both sides reached consensus on 25 items for raised for discussion. The two countries …
Germany backs China’s aid bank despite Canada’s concern
After meeting China’s Vice-Premier He Lifeng in Frankfurt on Sunday, German Finance Minister Christian Lindner pledged to support the Beijing-based Asia Infrastructure Investment Bank (AIIB), the …
Germany welcomes China’s support for G20 debt restructuring framework
BERLIN, Oct 1 (Reuters) – Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries in a joint statement after their financial dialog in Frankfurt …
China, Germany willing to strengthen bilateral relations
Vice Premier He Lifeng (right) shakes hands with Christian Lindner, the federal minister of finance, before the third China-Germany high-level financial dialogue in Frankfurt, Germany, Oct 1, 2023.
Open up to Chinese EVs and 5G tech, Beijing’s envoy urges Berlin and Brussels
Ambassador Wu Ken says Europe should show more ‘self-confidence’ about Chinese electric vehicles and Huawei’s components.
China Development Bank steps up loan support for transport
BEIJING, Oct. 1 (Xinhua) — The China Development Bank, one of China’s policy banks, has stepped up financial support for infrastructure construction and green development of the country’s transport …
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