Premier Li Keqiang has called for the financial system to keep bolstering its level of services to the real economy and beef up its support for efforts to expand domestic demand and optimize the …
Tagged By finance
Chinese premier stresses enhancing role of finance in stabilizing macroeconomy
Chinese Premier Li Keqiang has stressed enhancing the role of finance in stabilizing the macroeconomy and improving financial services to keep the economy performing within a reasonable range. Li made …
A U.S. Crackdown on Huawei Would Pressure Qualcomm and Intel’s China Businesses
The Biden administration is considering cutting off Huawei from American suppliers over national security concerns, according to reports.
Mao’s former barefoot doctor recalls sole foreign takeover of Chinese bank
Opportunity to buy control of a bank in China, home to the fast economic growth in the world, was certainly appealing, Shan Weijian says in new book Money Machine Jiang Zemin and his government …
China’s factory, services bounced back amid ‘rapid rebound in economic activity’, but ‘not all smiles’
China’s official manufacturing purchasing managers’ index (PMI) rose to 50.1 in January, while the non-manufacturing gauge rebounded to 54.4 But profits at China’s industrial firms fell by 4 per cent …
China’s central bank continues to add liquidity via reverse repos
China’s central bank continued to inject funds into the financial system through open market operations on Tuesday. The People’s Bank of China said on its website that it has conducted 471 billion …
Beijing seeks stronger ties with Saudi Arabia
Foreign Minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone “as soon as possible”, according to a …
China’s general public budget revenue tops 20t yuan in 2022
China’s general public budget revenue increased 0.6 percent year-on-year to around 20.37 trillion yuan ($3.01 trillion) in 2022, official data showed Monday. Excluding the impact of value-added tax …
Can Chinese stocks rally further? One investment bank thinks so — and names its top stock picks
The recovery in Chinese stocks gained steam on Monday, as China’s benchmark index came within striking distance of a bull market. The CSI 300 Index, which tracks the largest mainland-listed stocks, …
Global Economy to Slow Further Amid Signs of Resilience and China Re-opening
Elsewhere, China’s sudden re-opening paves the way for a rapid rebound in activity. And global financial conditions have improved as inflation pressures started to abate. This, and a weakening of the …
Who will take on China’s biggest economic challenges? A guide to the power players
As China reopens, it faces a rocky road to a sustainable recovery, with economic officials confronting the daunting tasks of reviving market confidence, propping up the real estate sector and …
China’s debt-based interest payments top a trillion yuan for first time, raising concerns about financial risks
Total interest paid on bonds at local levels in China last year increased by nearly 21 per cent from 2021 as Beijing ramped up efforts to stabilise the nation’s economy Analysts expect local …
Beijing’s leaders put Haidian district in spotlight
Beijing’s top officials highlighted the city’s Haidian district in economic and scientific development during inspection tours conducted after the Chinese New Year holiday. Yin Li, Party chief of …
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