China’s central bank has backed the government’s plans to absorb the nation’s unsold homes and fix an inventory overhang which a data provider said could take as long as 18 months to work through.
Tagged By financials
China overlooks Milei’s rhetoric, hands Argentina US$35 billion lifeline
Weeks of market turbulence ends as crucial currency swap renewal is agreed, giving Buenos Aires economy room to breathe.
Pakistan’s $7.6 bn defence budget is good news for China. Here’s why
Pakistani finance minister Muhammad Aurangzeb presented the country’s budget in the National Assembly on Wednesday. The budget has allocated Pakistani rupees 2.122 trillion (approximately $7.6 billion) to defence for the fiscal year 2024-25,
China to resolutely safeguard the stability of FX market, regulator says
The remarks, by Zhu Hexin, head of the State Administration of Foreign Exchange (SAFE), were published in an article …
China’s Once-Mighty Credit Cycle Is a Fading Force on World Markets
China’s credit engine, which once powered industries and markets all over the world, is stuck in low gear – and set to stay there.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction …
EU hits Chinese EVs with tariffs, drawing stern words from Beijing
BRUSSELS (Reuters) – The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing …
Inflation in China is Finally Beginning to Stabilize
China’s consumer inflation remains stable, while producer prices show signs of improvement, indicating sluggish demand amid an ongoing property downturn.
China installs toilet TIMERS to broadcast how long subjects are in the loo amid sinister rise of ‘social credit’ system
CHILLING footage has revealed the use of dystopian toilet timers in China – an ominous development in the surveillance-obsessed state. Not only does China’s Yungang Buddhist Grottoes boast …
EU hits Chinese EVs with tariffs, drawing rebuke from Beijing
The European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1% on imported Chinese electric vehicles from next month, a move likely to draw possible …
Central Bank Outlooks, Inflation Churn Asian Stock Markets
Asian stock markets plotted unevenly Wednesday as traders awaited outcomes of policy sessions from the US Federal Reserve and the Bank of Japan, and weighed a May inflation report from Beijing. Hong …
G7 Summit In Italy To Address Concerns Over China’s Overproduction And Export Controls: Report
The Group of Seven nations is anticipated to raise concerns about China’s overproduction and export controls at an upcoming summit in Italy. What Happened: The G7 leaders, including the U.S., Germany, …
Norway just loosened China’s stranglehold on rare minerals critical to the global economy—and it’s a huge win for Europe and the U.S.
China currently processes 90% of the world’s rare elements; breaking that dominance is a top priority for Europe and the U.S.
China’s National Financing Credit Service Platform: Insights and Impact
China has actively developed a National Financing Credit Service Platform to bolster the private sector by enhancing financial support.
