China’s e-commerce giant JD.com Inc , said on Thursday that its chief executive Xu Lei will step down and the chief financial official of the company will take over the position.
Tagged By finance
The meaty mystery at the heart of China’s economic growth
Another article, by Wang Mingyuan, a think-tank researcher, suggests that the barbecue hype is a sign of the end of a decades-long economic cycle. The small cities where most of China’s population dwell have run…
China the Target of New G-7 Push Against ‘Economic Coercion’
Group of Seven nations aim to send a signal to China this month by announcing a joint effort to counter “economic coercion,” even as they struggle to agree on more than a broad statement of…
GLOBAL MARKETS-Asian stocks waver on China deflation worries, mixed Japan earnings
In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1%, reversing gains in the morning session, as fresh worries about weak demand in China weighed on sentiment. China’s consumer prices rose at…
Asia markets mixed as investors digest U.S. consumer prices; China’s inflation eases
Asia-Pacific markets are set for a cautious open after Wall Street saw a tech rally as U.S. consumer price index rose less than expected for April. The consumer price index showed a reading of 4.9%…
China April new bank loans tumble to 718.8 billion yuan, far below forecasts
Chinese banks extended 718.8 billion yuan (US$103.99 billion) in new yuan loans in April, tumbling from March and sharply missing analysts’ estimates.Analysts polled by Reuters had forecast new yuan …
UPDATE 1-China April bank loans tumble more than expected, raise pressure on c.bank
New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy’s post-pandemic recovery is losing steam and putting pressure on the central bank to ease …
Yellen says G7 members looking at how to counter China’s ‘economic coercion’
U.S. Treasury Secretary Janet Yellen on Thursday said many members of the Group of Seven advanced economies shared U.S. concerns about China’s use of “economic coercion” against other countries, and …
China Bonds Rally as Bank Deposit-Rate Cuts Fuel Easing Bets
China’s government bonds extended a rally and bank shares advanced, after the nation asked commercial lenders to cap some deposit rates in a push to support a bumpy economic recovery. Most Read from …
China’s deflation worries deepen as consumer prices grow only 0.1% in April
Deflationary pressure in China is worsening as consumer prices increased at the slowest pace in two years, suggesting weakness in domestic demand and a long road ahead to full economic recovery.
China Got Lion’s Share of World Bank Contracts, US Agency Finds
Businesses in China received almost one third of World Bank-funded international contracts, in dollar terms, over the past decade, more than 10 times the value of those awarded to US companies, …
PREVIEW China and US debt woes may dominate G7 finance chiefs’ talks
China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country — but also try to…
China’s financial overhaul continues with banking veteran Li Yunze named party chief of new regulatory body
Banking veteran Li Yunze has been appointed as the party chief of China’s new financial regulator, the National Financial Regulatory Administration, amid Beijing’s shift to prioritise financial …
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