Pakistani Prime Minister Shehbaz Sharif agenda for his maiden visit to China in November is to seek new investments worth billions of dollars and urge Beijing …
Tagged By finance
China’s Currency Is Weakening. It’s Too Easy to Misread Why.
China is increasingly viewed as the other—a result of, and fodder for, strategic competition with the U.S. Many are suspicious that the decline of the yuan will boost China’s trade competitiveness.
‘Depose the traitorous despot’: How China’s ‘Bridge Man’ unleashed a global protest against Xi Jinping
While ‘protest’ and ‘China’ may conjure images of 1989 and Tiananmen Square, recent data paints a different, more nuanced picture.
Yuan Falls to Lowest Since 2008 Global Crisis, Despite State Bank Support
China’s yuan fell on Friday to its weakest level against the dollar since the global financial crisis of 2008, despite attempts by major state-owned banks to stabilise the market. Sources told Reuters …
Mathebula’s SARB logic fails to account for success of China’s Reserve Bank
Professor Joseph Stiglitz said in a recent speech at the Indian Reserve Bank that less independent central banks had done better than all these so-called independent ones.
China’s economy will probably grow less than 3% this year, says economist
Michelle Lam of Societe Generale says the Shanghai lockdown in the second quarter is a significant reason for slowing growth.
Beijing’s Delicate Geopolitical Balancing Act
Chinese President Xi Jinping is facing political risks as he tries to balance competition and cooperation with the West …
Adidas lowers financial outlook again amid continued China, inventory issues
Adidas said if it excluded China, its third quarter revenues in all other regions would have grown in the double digits.
Expanded use of RMB may stabilize global financial market
Liu Ying, a researcher at Renmin University of China’s Chongyang Institute for Financial Studies, said the US dollar’s liquidity has tightened globally after the US Fed’s three consecutive interest …
China’s central bank says it will better implement monetary policy
China’s central bank will better implement its prudent monetary policy and create a sound environment for supporting economic growth and employment, deputy central bank governor Pan Gongsheng said on …
Pacific Rim finance leaders mull ways to curb inflation
Finance ministers of major Pacific Rim economies pledged Thursday to combat inflation and target spending to support sustainable growth at a meeting in Bangkok ahead of a summit next month.
China Leaves Key Lending Rate Unchanged as Yuan Weakens
The People’s Bank of China kept two key lending rates unchanged on Thursday for a second consecutive month, as it grapples with slowing economic growth and a severely weakened yuan. The central bank …
China shares drop, HK stocks hit lowest since financial crisis
China shares fell on Thursday morning, while Hong Kong stocks hit levels last seen during the 2008-09 global financial crisis, as overnight Wall Street losses and a resumed slide in the yuan dented …
