U.S. stocks finish lower on Monday as the dollar rises 0.8% on concerns about China’s latest round of COVID restrictions …
Tagged By finance
Excessive Debt Will Be China’s Biggest Challenge
The IMF and World Bank have already downgraded their forecasts for China’s GGDP growth, and a mounting debt could exacerbate the country’s economic problems …
China And Covid Fears Affect Financial Markets
Save it to your desktop, read it on your tablet, or email to your colleagues Financial markets have caught a cold amid worries that mounting Covid cases in China and a fresh tightening of restrictions…
Dow attempts to bounce back as U.S. stocks trade mostly lower and China COVID-19 fears resurface
U.S. stocks are mostly lower Monday as the dollar rises on concerns about China’s latest round of COVID restrictions …
US, EU Aim to Hit Back at Non-Market Policies With Eye on China
The U.S. and the European Union aim to work together to counter what they call non-market policies, including in China, according to a draft statement ahead of high-level talks due in Washington next …
China to provide 200 billion yuan in loans to commercial banks for housing completions
The Chinese central bank will provide 200 billion yuan ($27.92 billion) in loans to six commercial banks for housing completions, deputy central bank governor Pan Gongsheng was quoted as saying by …
China Calls on Banks to Stabilize Lending to Property Sector
China’s financial regulators have asked banks to stabilize lending to property developers and construction firms, the latest effort by policymakers to turn around the real-estate crisis and bolster …
China’s Vaunted Belt And Road Initiative Seems To Have Come A-Cropper
China’s BRI was always something of a Mafia-like enterprise. Beijing would approach poorer countries in Asia, Africa, Latin America, the Middle East, and the periphery of Europe and offer loans for …
Chinese market welcomes qualified foreign financial institutions: official
BEIJING – China’s financial sector has entered a new phase featuring high-standard opening-up, the head of the country’s top banking and insurance regulator said on Monday. Since 2017, the assets of …
China’s forex market shows growing resilience: official
Pan, also the deputy governor of China’s central bank, attributed the forex market’s resilience to the renminbi’s strengthening two-way fluctuation and flexibility, a surplus in the basic …
US stocks trade mixed as new COVID deaths in China raise growth fears again
Shares of Disney soared on the return of Bob Iger as chief executive, lifting the Dow Jones Industrial Average.
China COVID Deaths Rattle Asian Equities
Asian equities moved lower in Monday trading as investors were rattled by reports over the weekend of the first COVID deaths in mainland China since May. The deaths sparked concern that China will …
Five financial experimental zones set up in China’s Yangtze River Delta region to inspire tech innovation: central bank
The People’s Bank of China (PBC), the central bank, and other seven government departments co-issued a document on Monday on setting up five financial experimental zones for technological innovation …
