There is still room for China’s central bank to take steps to support the economy, but efforts are needed to prevent cash from sloshing around the banking system as real credit demand weakens, senior …
Tagged By financials
China unloads more US Treasury bills as odds of Fed rate cuts grow slim
China has continued to sell its holdings in US debt as the likelihood of expected interest rate cuts grows more remote and Beijing looks to widen the diversity of its foreign asset pool.
China’s c.bank warns against ‘one-sided’ pursuit of credit expansion
China’s central bank cautioned on Thursday against a “one-sided” pursuit of credit expansion after data showed a slowdown in bank lending, vowing to prioritise the quality of credit over size and move …
Is China’s Economic Rebound Genuine or a Mirage? Explore ETFs
Outpacing expectations, China’s economy grew 5.3% compared to a year ago in the first quarter of 2024, as the country’s factories ramped up production. According to CNBC, China’s economy performed …
French finance minister says Europe must defend industrial interests against China
French Finance Minister Bruno Le Maire said on Wednesday that Europe needs to “show its teeth” in defending its industrial and trade interests against China’s subsidized production, but said he did …
China, US boost exchanges in military, finance
BEIJING: China and the US have recently engaged in intensive dialogues and communications across multiple fields, involving military, financial and economic aspects.Observers believe the current f …
China’s Top Banks Deal Painful Blow to Russia
The world’s third-largest bank by market capitalization, the Industrial and Commercial Bank of China (ICBC), and three other top lenders have stopped accepting virtually all payments from Russia in order to dodge U.S. punishment for…
China’s economy seeing ‘seismic shifts’ and imbalances like nothing Beijing predicted, senior economist says
Prominent government adviser Liu Yuanchun says the immediate future will be marked by disequilibrium, and more non-economic risks are emerging than economic ones, after first-quarter GDP growth …
IMF Says US, China Debt Pose Risks for Global Public Finances
The world’s two great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by…
Biden’s Push for World Bank Funds to Compete With China Stalls
A US plan to raise billions of dollars in additional resources for the World Bank to counter China’s lending to the developing world has stalled less than nine months after President Joe Biden made it…
WRAPUP 3-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
(Adds Asia investment banking outlook in the 6th and 7th paragraphs; and China IPO data in the 11th paragraph) HONG KONG, April 17 (Reuters) – Morgan Stanley and HSBC are cutting dozens of investment …
China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a …
Chinese automaker FAW’s auto finance unit launches loan with no down payment
The auto finance arm of China’s state-owned automaker FAW Group has launched a loan programme with no down payment, becoming one of the first providers to make such a move since the removal of …
