Despite the Friday loss, the ASX 200 ended the week up 2.29% on Beijing stimulus measures. The big-found and mining stocks were a drag. Westpac Banking Corp (WBC) and The Commonwealth Bank of …
Tagged By finance
China’s economy has entered ‘new new normal’, leading policy adviser warns in call for systemic reform
More than 14 per cent of China’s population is aged 65 and above, posing a severe challenge to an economy struggling to regain post-Covid confidence Labour force will struggle to match structural …
Gina Raimondo warns China: ‘Until we see action, there can be no trust’
Win McNamee/Getty Images US Commerce Secretary Gina Raimondo said her visit to China produced “a great deal of progress,” though “there can be no trust” unless Beijing takes action in areas such as …
Mastering China: UBS reveals winning strategy amid tensions
With the looming unpredictable clouds over China’s economic landscape, UBS has recently shed some light on how to navigate this turbulent financial storm. Drawing upon their insights and expertise, …
China’s self-driving vehicle ambitions are motoring towards significant legal and financial roadblocks, experts say
In select areas of Shenzhen, the southern tech hub linking Hong Kong to China’s mainland, Beijing’s futuristic vision of an “intelligent connected” road system is taking shape, with “self-driving” …
China ramps up backing for its yuan with housing market
China’s central bank, the People’s Bank of China (PBoC), declared a strategic move to cut the reserve requirement of foreign currency for financial institutions. This not-so-subtle signal of their …
BMW expects higher China sales in 2023, finance chief says
In his first interview since becoming finance chief in May, Walter Mertl told Reuters that BMW had been able to grow 3.7% in China in the first half, faster than the world’s top auto market…
China’s Xi Jinping vows to open service sector to boost cross-border trade and investment
Chinese President Xi Jinping says country will ease market access in areas such as telecoms, tourism, law and vocational exams However, Beijing must bring domestic standards in line with international …
Belt and Road China deal did not bring expected results: Italy Finance Minister
Trade between Italy and China has not improved as expected since Rome joined Beijing’s Belt and Road Initiative four years ago, Italy’s Foreign Minister said on Saturday. Under a previous government, …
Beijing, Shanghai easing of mortgage condition sends positive signal, more cities to follow suit: experts
Beijing and Shanghai on Friday eased mortgage rules to stabilize … According to the notice issued by the People’s Bank of China, the central bank, and the National Administration for Financial …
Taylor: What’s threatening China’s economic future
The Evergrande City Plaza shopping mall in Beijing, outside a residential complex built by indebted property developer Evergrande, is deserted on Aug. 18. Evergrande filed for Chapter 15 bankruptcy …
China’s economic stimulus gathers pace with consumption and property moves, but more needed for drastic reversal
Policies to lower existing mortgage rates and tax cuts for families with children and elderly relatives are some of the most substantial taken And while they have fuelled expectations for further …
China ETFs attempt to book best day in a month after PBOC vows to support weak yuan with forex reserve ratio cut
Exchange-traded funds that invest in Chinese stocks are on track for their best day in a month after People’s Bank of China said that it will lower …
