China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by locked downs imposed in major…
Tagged By finance
China announces detailed stimulus measures to support virus-hit economy
The stimulus package underscores Beijing’s shift toward growth after Covid control measures pounded the economy and threaten Beijing’s 5.5% growth target for the year …
China Rushes Bond Sales to Spur COVID-Hit Economy, More Seen Needed
China’s cabinet unveiled a raft of policy measures last week to support an economy jolted by stringent COVID-19 curbs, but analysts believe more stimulus will be needed to help sustain a recovery. The …
central bank adds liquidity via reverse repos
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …
central bank adds liquidity via reverse repos
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …
COVID-hit Shanghai to end two-month lockdown on June 1
Shanghai on Monday announced an end to its two-month long COVID-19 lockdown, allowing the vast majority of people in China’s largest city to leave their homes and drive their cars from Wednesday.
Goldman Sachs discusses the stressors in China’s property market
Kenneth Ho of the investment bank weighs in on China’s property sector and its broader economy. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more…
China draws from next year’s budget for local government handouts
China’s finance ministry has dipped into next year’s budget to hand over 400 billion yuan ($59.7 billion) to local governments to cover the cost of tax breaks and fee cuts designed to give businesses …
China’s Curbs on Property and Covid Have Cut Emissions – For Now
(Bloomberg) — China’s carbon emissions have posted their longest sustained drop in a decade due to Beijing’s efforts to rein in the property market, boost clean energy and control the spread …
AIA China approved to begin preparations for new branch opening
AIA China has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) to begin preparations to establish a new branch in Henan province. AIA said the Chinese life …
Congress should remove China’s state-owned companies from U.S. capital markets
On one side are U.S. consumers and defense hawks concerned with China’s rise. On the other side are Wall Street investors and pundits urging wider trade with Beijing. This tension is now coming to a…
China will gift digital yuan to its citizens to boost the economy after the lockdown
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as …
Musk’s optimism about China’s EV market best rebuttal to Western badmouthing against Chinese economy
China’s Ministry of Finance said on Monday that the next step is to implement the fiscal subsidy policy for the NEV industry to promote its high-quality development. While Forbes on Monday claimed …