China may need to set a budget deficit target at above 3% of gross domestic product next year, as the country strives to improve its economic performance, former Finance Minister Lou Jiwei said.
Tagged By finance
China digital currency: e-CNY wallet borrows Alipay and WeChat Pay’s electronic red packet feature to woo users
While the e-CNY app has been made available for public download for about a year, it continues to be an uphill battle to convince consumers to use it.
US-China business cooperation is prevailing, despite tensions elsewhere
Between China agreeing for its US-listed firms to be audited and the US extending exemptions on trade tariffs, it’s clear both countries can be pragmatic when needed With the Xi-Biden meeting in …
Bright prospects for Chinese economy: China Daily editorial
Now with the flows of production factors gradually becoming smooth, and socioeconomic activities picking up steam, the huge potential of the Chinese market will be further released, and the economy is …
China Banks Rush Traders Back to Office on Covid Disruptions
Some Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel over the past week amid the nation’s massive Covid-19 outbreak start to …
A China ‘spending boom?’ Your guide to emerging market investing in 2023
The iShares MSCI Emerging Markets ETF (EEM) has dropped 22% year to date. That puts the fund on pace for its biggest one-year loss since 2008, when it tumbled 50%. Three key drivers of this…
China Banks Rush Traders Back to Office Amid Covid Disruptions
Some Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel over the past week amid the nation’s massive Covid-19 outbreak start to …
More Covid in China: Economic Turmoil Abounds
Despite signs of strain on China’s medical system and reports of people scrambling for medicine as Covid cases in major cities surge, China’s reported number of deaths has been low. That’s raising …
China’s yuan inches higher, market awaits Dec PMI to gauge COVID impact
China’s yuan crept higher against the dollar in thin holiday trading on Monday, with investors awaiting data due later this week to gauge the economic impact of Beijing’s decision to dismantle its …
China Green Finance with a Cup of Tea Episode 5: China’s Green Equity Market
Caixin Global invited Mr. Ravi Chidambaram, President and Co-Founder of TC Capital, to share his insights on what international investors should know about China’s green equity market.
China’s economy has survived worst moment: official
His views were echoed by Zhu Guangyao, former vice-minister of finance, who said China’s economy will likely improve as a whole in 2023, given the more pro-growth focus of policymakers for next year. …
China Bank thrift unit rolls out digital app
CBS China Bank Savings wants a bigger slice of the country’s vast unbanked population with the launch of mobile app CBS GO, which will allow new clients to easily open a deposit account. The …
China has stopped publishing daily COVID data amid reports of a huge spike in cases
China’s National Health Commission said in a statement it would no longer publish daily data and that “from now on, the Chinese CDC will release relevant COVID information for reference and research.” …
