U.S. Treasury Secretary Janet Yellen told Chinese Vice Premier Liu He in Zurich on Wednesday that the world’s two largest economies share a responsibility to manage their differences and prevent their …
Tagged By finance
China spent billions on fighting Covid-19 over past 3 years: Reports
China has so far spent billions in its fight against the Covid-19 pandemic, which may be the apparent reason for its U-turn from the ‘zero-Covid policy’, reports have suggested.
As Covid rages, China says ‘funding issues’ won’t stand in the way of medical treatment
Ministry of Finance says more money is being made available, particularly for rural areas where resources are exceedingly stretched thin by coronavirus outbreaks Widespread outbreaks amid China’s …
Debt Plagues China’s COVID Patients Amidst Medicine Shortages
China’s recent COVID-19 wave has left patients and their families struggling with medical debt. A Peking University study estimated that as of January 11, 900 million people in China had been infected …
China Driving Dollar More Than Fed Hikes, BofA Strategists Say
While much of the focus in currency markets right now is how the prospect of slowing Federal Reserve rate hikes has helped fuel dollar weakness, the biggest factor may be across the world in China.
China’s economy will continue to struggle, says wealth management firm
Michael Yoshikami of Destination Wealth Management says the country still has “some real fundamental problems” in addition to Covid-19.
China’s big four banks $550m short of meeting loss provision
Expect a flurry of senior non-preferred issuance bonds from the lenders. China’s four biggest banks are still $550m (RMB3.7t) short of meeting the total loss-absorbing capital or TLAC provision in …
Why China’s one-child policy is now backfiring
After three decades of being limited to having one child, Chinese families no longer see the need to have bigger ones as the costs mount up.
China encourages foreign capital to set up R&D centers in the country
China also encourages financial institutions to offer financial support to those centers and will support legal cross-border R&D data flows, said the statement.
Optimism has been returning to China’s economy — but can it last?
Much depends on how quickly the country’s ’tsunami’ of COVID infections lasts, and whether Beijing’s unpredictable virus-control policies hamper or foster growth, analysts say …
FirstFT: China’s population falls in historic shift
Also in today’s newsletter, IMF signals upgrade to forecasts, and lessons in preparing for war on the Korean peninsula …
China just reported atypically weak economic growth for 2022. Here’s how this year will be different.
Pro-growth government measures and pent-up consumer demand could help the economy expand 6% in 2023, experts say.
As China reopens, Davos optimistic about global economy
World Economic Forum speakers at Davos expressed optimism for short-term global economic growth in the wake of China’s reopening following the easing of strict “zero COVID” measures.
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