China’s factory activity likely expanded at the fastest pace in a year in July, a Reuters poll showed on Friday, as production in COVID-hit manufacturing hubs resumed after emerging from lockdowns …
Tagged By finance
Smart money snaps up China stocks as market rebounds
Elite fund managers have been busy building new positions in Chinese companies as the country’s stock market rebounds from heavy falls.
China’s ‘Zero Covid’ Mess Is Infecting Asia’s Economies
China’s gross domestic product miss is dragging neighbors down, too. ADB just lowered its growth forecast for developing Asia to 4.6% from 5.2% this year largely thanks to slowing Chinese growth. Yet, …
Jack Ma escapes Beijing’s crosshairs by giving up his power
Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he …
China’s ‘common prosperity’ drive slashes pay and perks for investment bankers
HONG KONG, July 29 – China’s well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employ …
Excess Cash Piles Up in China Havens Instead of Flowing Into Real Economy
China’s top leadership is committing to ample liquidity as the nation contends with a slowdown. So far, a lot of that cash is sitting in the financial system instead of being transmitted to the real…
China’s Politburo Signals No Big Stimulus Despite Slowdown
China’s top leadership gave a downbeat assessment of economic growth but didn’t announce new stimulus policies at a key meeting, calling on officials to ensure that housing projects are completed …
Can the West dismantle China’s pan-Asian railway dream?
Fast train plans are a concern for Western nations worried about China’s growing influence in the region. There is something awfully permanent about a train line once it’s in.
Deglobalisation’s China wild card
China had timed its WTO membership bid perfectly, just when the global trade cycle was on a major upswing. While the financial crisis took a brief toll on Chinese export momentum, the interruption was …
Slowdown in China ripples through corporate earnings
Several multinationals in the second quarter have all cited weakness from the Chinese market as a challenge they’ve either been hindered by or have to overcome.
Billionaire Jack Ma to cede control of financial tech giant Ant Group
A regulatory crackdown that scuppered its $37 billion IPO in 2020 led to a forced restructuring of the financial technology behemoth.
Financial Times: Central Bank of China plans to allocate up to $148 billion to rescue the real estate sector
Beijing is trying to mobilize up to 1 trillion … which played a big role in reducing annual growth to just 0.4% in the second quarter, the People’s Bank of China will initially lend about…
Billionaire Jack Ma to cede control of financial tech giant
A regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.
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