GDP growth rate plunges down to levels not seen since the height of the pandemic. Many factors are contributing to slower growth and instability.
Tagged By finance
U.S. Commercial Real Estate Seems Safe From China’s Troubles. That Could Change Fast
Some have even speculated that the companies’ liquidity problems constitute a “Lehman moment” for China — a reference to U.S. banking giant Lehman Brothers’ September 2008 bankruptcy filing that …
UBS says sell Volkswagen and Renault shares — China will crush them
Shares of Renault and Volkswagen are falling in Europe, after UBS downgraded both to sell, citing the seriousness of China’s competition.
China’s Central Bank Tries to Ease Pressure on Currency
China’s central bank has cut the amount of foreign currency banks need to hold in reserve. The move is an attempt to boost the yuan, which has tumbled this year as the economy has faltered…
China tries again to support its battered economy, bringing in new measures to boost the yuan
The renminbi has plummeted against the dollar this year, with growth stagnating and China battling a property crisis.
Factbox-China’s Measures to Shore up a Faltering Economy, More Support Expected
July 24- China’s top leaders, at a Politburo meeting, pledged to step up support for the economy, signalling more stimulus steps. A rare omission of “housing for living, not for speculation” in the …
China’s Aug factory activity picks up unexpectedly – Caixin PMI
China’s factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to …
Top China banks slash deposit rates – Will it help though?
In a desperate attempt to buffer their diminishing margins, five of China’s premier banks recently cut deposit rates. This seemingly coordinated effort appears to be a move towards reviving a …
Super Typhoon Saola sweeps towards southern China megacities
Southern China hunkered down Friday as Super Typhoon Saola barrelled towards finance hub Hong Kong and neighbouring Guangdong province – Copyright AFP Mladen ANTONOVTens of millions of people across …
Inside the downfall of embattled property developer China Evergrande
By Engen Tham, Julie Zhu and Clare Jim SHANGHAI/HONG KONG – In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use…
Japan Capex Growth Slows Amid Fears of China’s Slowdown, Tame Consumption
TOKYO (Reuters) – Japanese companies raised spending on plants and equipment in April-June but the pace of annual gains slowed to the lowest in five quarters, the Ministry of Finance (MOF) said on …
China to cut banks’ FX reserve ratio to rein in yuan weakness
China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen aimed at slowing the pace…
China’s state banks face profit squeeze as they comply with Beijing’s call for mortgage-rate cuts to aid property market
China’s biggest state-owned banks, mired in bad property loans, now face further downward pressure on profit as they prepare to respond to Beijing’s call to cut mortgage rates and revive the country’s …
