China’s economic growth in 2022 slumped to one of its worst in nearly half a century as the fourth quarter was hit hard by stringent COVID curbs and a property market slump, raising pressure on…
Tagged By finance
China’s Economy Fails To Meet Government Target, Expanding 3% In 2022
China’s economy grew just 3% last year, well below the government’s previous target of around 5.5% as headwinds including stringent Covid restrictions and a crackdown on the real estate sector took a …
China bad-debt firms plan property support of up to $31 billion
Measures are being stifled by large-scale coronavirus outbreaks after Beijing suddenly abandoned its Covid Zero policy. Read more at straitstimes.com.
China’s Overwhelming Debt Burden Points To Still Deeper Problems
Such measures may offer temporary relief, but they cannot address China’s deeper economic troubles and their reflection in financial markets. The size of China’s debt problem is truly staggering. At …
Janet Yellen to meet Chinese finance minister in Zurich this week
US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, in a surprise move that signals Washington and Beijing’s commitment to improving ties between the two …
Traditional bank stands to gain as it embraces the digital needs of young millennials disrupting the industry
HSBC extends its lead by embracing the market disruption caused by young millennials, who seek seamless digital services, a personal banking experience and a strong performance record from their bank.
China Bad-Debt Firms Plan Property Support of Up to $24 Billion
Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the …
China pledges increasing spending on COVID containment -finance ministry
China will also support the use of special local government bonds on building qualified health care projects, as the country is seeing a surge in COVID infections after Beijing abruptly removed string …
Foreigners Return to China Bluechips as Stocks Near Bull Market
Global investors are snapping up Chinese bluechips from large consumer staples to financial firms again as the nation’s stocks rally on optimism about a reopening from Covid curbs.
China Injects Less Cash Than Expected Before Lunar Holidays
China’s central bank added less cash than expected into the banking system via policy loans while keeping the rate unchanged this month even with funding demand on the rise into Lunar New Year …
Biden’s classified documents found in think tank for UPenn, which has financial ties to China
Biden’s lawyers found classified documents in the former office of his Washington D.C. think tank in early November, CBS News first reported last Monday. The first set of documents from Biden’s time …
China c.bank injects fresh funds through medium-term policy loan, rate unchanged
China’s central bank rolled over maturing medium-term policy loan and injected fresh funds into the banking system on Monday, while keeping the interest rate unchanged for the fifth straight month, …
China’s PBOC Leaves Key Policy Rates Unchanged
China’s central bank kept its key policy rates unchanged on Monday, which may suggest a hold on benchmark lending rates later this month. The People’s Bank of China injected 779 billion yuan ($116.22 …