UBS analyst Dennis Geiger joins ‘Squawk Box’ to discuss how analysts believe China will impact business, how Geiger feels about Starbucks’ stock, and more.
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Dollar seesaws ahead of busy central bank week
FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo …
China’s 2022 fiscal revenue growth skids as COVID jolts economy
China’s fiscal revenue rose 0.6 per cent in 2022 from a year earlier, slowing sharply from a 10.7 per cent increase in 2021 due to huge tax rebates for businesses to support the COVID-ravaged economy,…
China 2022 fiscal revenue +9.1% y/y, excluding tax credit rebates
China’s fiscal revenue rose 9.1% in 2022 from a year earlier, after excluding the impact of value-added-tax credit rebates, the finance ministry said on Monday. Fiscal expenditure rose 6.1% in the …
Covid Zero, Property Slump Drive China Into Record Deficit
China’s budget deficit jumped to a record $1.3 trillion last year, showing the strain put on local government finances by the spending needed to implement and offset the ultimately futile Covid Zero …
Pandemic pushes digital banking in China, HK
Over the past 12 months, mobile banking apps and online banking were the most-used channels, across different age groups and asset levels, note two reports published by Bain & Company, namely “How to …
Covid Zero, Property Slump Drives China’s Into Record Deficit
The cost China paid to futilely try and contain the Covid pandemic last year has become clearer, with the budget deficit hitting a record $1.3 trillion.
Bill Gates says the rise of China is good for everyone and that Beijing needs to ‘play a stronger role in world governance’
Bill Gates sees China’s rise as a “huge win for the world.” But he knows that not everyone shares his view. Speaking this week at the Lowy Institute, a think tank based in Sydney, the…
BAIC’s exciting new BEIJING X55 selected as a 2023 COTY finalist
Beijing Automotive Industry Corporation , one of China’s leading automobile manufacturers, is proud to have BEIJING X55 as a COTY finalist …
China’s yuan jumps on signs of economic recovery, market awaits global central bank meetings
SHANGHAI: China’s yuan jumped against the dollar on the first trading day after the week-long Lunar New Year holidays on Monday, as investors cheered signs of economic recovery suggested by robust …
China has a long way to go before it indigenizes semiconductor production capacity, analyst says
Paul Scharre of the Center for a New American Security says the country has been making progress, “but it’s been slow.” …
Intl investment banks, financial institutions upgrade 2023 growth outlook for China
Multiple international investment banks and financial institutions have upgraded their forecast for China’s economic growth rate in 2023, thanks to the country’s reopening policies, rosy statistics, …
China Stocks Set to Enter Bull Market on Return From Holidays
China’s benchmark equity gauge was set to enter a bull market as trading resumed after a week-long Lunar New Year break, with a rebound in consumption reinforcing optimism that the economic outlook is …