China’s central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up growth and arrest deflation, in the view of a number of Wall Street …
Tagged By finance
Milbank Becomes 14th US Firm to Close Mainland China Office This Year
Milbank has become the 14th U.S. law firm to shutter its mainland China office this year. The firm’s one-partner Beijing office, led by Shepard Liu, is closing as Liu retires and two associates depart …
How China Stands Out As Unique In The COP29 Aftermath
The COP29 environmental conference reached an agreement in which Western nations are expected to pay billions yet China has not committed to pay.
S&P 500 Gains and Losses Today: Synopsys Sinks as China Restrictions Hurt Outlook
The S&P 500 declined 0.2% on Thursday, Dec. 5, as the record-setting stock rally cooled ahead of Friday morning’s jobs report.
Rockefeller Brothers Fund spent past four years pumping cash into Chinese government-linked groups
The primary philanthropic arm of the influential Rockefeller family has given millions of dollars to arms of the Chinese government as well as organizations with strong links to the Chinese Communist …
China Industrial Securities Expands Investment Portfolio
China Industrial Securities International Financial Group Ltd. (HK:6058) has released an update. China Industrial Securities International …
China Industrial Securities Announces Strategic Sale of Notes
China Industrial Securities International Financial Group Ltd. (HK:6058) has released an update. China Industrial Securities International …
Chinese Local Gov’ts Issue USD267.5 Billion of Special Bonds in One Month to Tackle Hidden Debt
On Nov. 8, local governments were granted an additional CNY2 trillion (USD278.3 billion) in special refinancing bonds for the years 2024, 2025 and 2026. Thus, local governments have already completed …
China’s Central Bank Pledges Supportive Policies For Economy
The PBOC will employ a variety of monetary policy tools to strengthen countercyclical adjustments and maintain adequate liquidity.
Losses in China lead to $5B charge for General Motors as it cuts assets value
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
Beijing mulls US engagement options as China-sanctioned Rubio awaits top diplomat post
When Marco Rubio was nominated by US president-elect Donald Trump last month to be the next US secretary of state, one obvious question loomed: how would the Florida senator, who has been sanctioned …
Chinese banks turn on Vladimir Putin and refuse to work with Russian finance
As a result, Russia has relied heavily on its relationship with China. But now, with China facing the threat of secondary sanctions, Beijing banks now look set to steer clear of Russian counterparts.
European firms see declining business prospects in China
Surveys of German and UK firms in China indicated low confidence in the future of their investments in the country, with little hope of improvement on the horizon.