After drawing foreign capital into China’s markets for years, President Xi Jinping is now facing the risk of a nasty period of financial de-globalization. Investors point to one main reason why: Xi’s …
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China’s ‘zero COVID policy’ drastically affected country’s economy
China started its zero COVID policy with the intention to curb the spread of Covid-19 with widespread lockdowns and mass quarantines but in reality, it had sl …
China’s Dismal Q2 GDP – Nothing To See Here?
Can China close the gap between the growth forecast and the official target with the same approach to policy stimulus? Read more here.
China growth hopes rest on troubled local government financing vehicles
If the Chinese government is able to reach its economic growth target of 5.5 per cent this year, it will be due in part to retail investors such as Jane Song. In May, Song invested…
China Covid cases climb in new risk to economic activity
China’s daily tally of Covid-19 cases rose to the highest level in more than seven weeks, as infections spread in some central, northwestern and southern provinces. The country reported 450 infections …
China to contribute $50m to World Bank’s pandemic fund
China intends to contribute $50 million to the financial intermediary fund which has been approved by the World Bank for Pandemic Prevention, Preparedness and Response (PPR), China’s Minister of …
China to Step up Implementation of ‘Prudent’ Monetary Policy-Central Bank Chief
China’s economy is facing downward pressure due to COVID-19 and external shocks, and the central bank will “increase implementation of prudent monetary policy” to support the real economy, China’s …
China Issues More Rules For Online Lending to Control Risks
China’s top banking regulator has issued more rules governing online lending by commercial banks and internet platforms as authorities ramp up efforts to control financial risks in the sector. The …
‘Too easy to borrow’: debt plagues young people despite China’s scrutiny of fintech microloans
As Beijing’s tough stance on online credit persuaded Big Tech firms to scale back their services, smaller platforms have proliferated, luring young consumers into borrowing for a lifestyle they can …
China’s GDP Growth Drops to 0.4% in Q2 2022, Plans for $1.1T Infrastructure Spending
China’s GDP increased by 0.4% from a year earlier, marking the worst performance since the first Covid outbreak.
5 unanswered questions about the Henan bank crisis
Customers at four rural banks in Henan province and one in neighbouring Anhui have been cut off from their savings since April, leading to protests and promises from authorities that some of the money …
China’s Central Bank Says 93% of Financial Institutions Are ‘Safe’ After Henan Scandal Erupts in Violence
China’s central bank has issued an assurance that despite a recent scandal of local lenders in Henan province freezing withdrawals, 93% of the more than 4,000 financial institutions it reviewed late …
Significant economic slowdown as China battles COVID
The economic slowdown in China means that the three major economic regions of … Speaking after a meeting this week with the Japanese finance minister Shunichi Suzuki, where the rapid fall of the yen …
