File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang) BEIJING, Oct. 25 (Xinhua) — China on Tuesday raised a key parameter in its …
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Britain’s new prime minister will raise hopes in Beijing and concerns in Washington
Less than two months after losing a Conservative Party leadership election, Rishi Sunak is Britain’s new prime minister. Sunak will end Liz Truss’ record-short premiership, which imploded after a …
China’s central bank vows to maintain reasonable credit growth
China’s central bank and the State Administration of Foreign Exchange should maintain a reasonable credit growth and stabilise the macro economy, the People’s Bank of China said in a statement on …
Markets get stark reminder that China is a Communist dictatorship
Global capital fled China en masse Monday in the aftermath of Xi Jinping’s quasi-coronation as the sole power in charge of China. Why it matters: Market moves suggest investors were surprised by the …
China’s fiscal revenue growth speeds up, but land sales earnings slide
China’s fiscal revenue growth picked up pace in September from a month earlier, according to Reuters calculations based on official data on Tuesday, but declining government land sales revenue …
China’s Budget Deficit Nears Record $1 Trillion as Economy Slows
China’s broad fiscal deficit hit an all-time high in the first nine months of the year as Covid outbreaks and a housing market slump continue to erode government income.
The Two Contenders To Be Next Governor Of China’s Central Bank
The ruling party’s twice-a-decade congress didn’t include Governor Yi Gang or Guo Shuqing, party secretary at the central bank, on its leadership list, suggesting changes may be coming. Economists see …
China to impose consumption tax on e-cigarettes from November
China’s Ministry of Finance will impose a consumption tax on e-cigarettes sold in China from Nov. 1, according to a notice published on Tuesday.
China makes it easier for firms to borrow from overseas as yuan drops
China’s central bank and foreign exchange regulator on Tuesday raised the cross-border macro prudential adjustment ratio for corporates and financial institutions, making it easier for domestic firms …
China to promote foreign investment in manufacturing
China said on Tuesday it will promote foreign investment with a focus on manufacturing industries, after President Xi Jinping called in China to “win the battle” in core technologies during the …
China’s third-quarter GDP surprises, casting doubt on an easing of zero-Covid strategy
While ‘notable downward pressures’ continue to thwart a full economic rebound, some say the market may be concerned that the need to rein in China’s disruptive coronavirus-containment measures has …
MCHI: China Stocks Plunge To Near Decade-Plus Lows Following Xi’s Re-Election
Chinese stocks endured their worst day since the COVID Crash on Monday following President Xi’s victory. Read more on the MCHI ETF and how it’s impacted.
U.S.-listed Chinese stocks drop 20% after Beijing’s power reshuffle makes the market ‘uninvestable’
The Invesco Golden Dragon China ETF, which tracks the Nasdaq Goldman Dragon China Index, plunged more than 18% to hit a new 52-week low.
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