Much has been made about the plight of China’s private businesses, which have been angling for help for years and find the post-Covid environment difficult to thrive in, prompting Beijing to respond.
Tagged By financials
China’s economic stress deepen with property market slump: Report
Official data on Tuesday will likely show modest gains in industrial output, retail sales, fixed-assets investment in July from year ago, although growth rates are still well below pre-pandemic level …
A Top China Fund Manager Boosts LGFV Holdings After Policy Vows
One of China’s best-performing bond fund managers boosted holdings of local government financing vehicles after a key economic policy meeting last month fueled optimism in the debt-laden sector.Most R …
China’s fledgling Wealth Connect plan is stunted as the devil in 3 disparate systems stymies Greater Bay Area strategy for banks, brokers, insurers
The wealth connect scheme reports paltry inflows relative to its predecessors stock connect and bond connect Almost two years on, the scheme has attracted investments worth only 1 per cent of its 300 …
China debt: these 3 regions have the most daunting debt piles. So what can be done about it?
China to hasten infrastructure push to aid growth amid call … In 2021, the government of Tianjin introduced measures to improve the financial health of its indebted state firms following a series of …
China’s July new bank loans tumble to 345.9 bln yuan, well below forecasts
BEIJING, Aug 11 (Reuters) – Chinese banks extended 345.9 billion … after record lending in the first half as the central bank tried to underpin a faltering economic recovery. Broad M2 money supply …
China bank lending slumps in July against weakening economy, credit backdrop
China’s new bank loans in July sank to the lowest level since late 2009 against a backdrop of weaker credit even as the nation’s policymakers trimmed interest rates and pledged more support for the …
Biden rips China’s leadership as ‘bad folks’ and labels its economy a ‘ticking time bomb’ in error-riddled campaign appearance
Josef Gregory Mahoney, a politics and international relations professor at Shanghai’s East China Normal University, said Beijing was unlikely to be “baited” into responding to Biden’s latest barbs.
Nio and Alibaba shares sink, weighed down by Country Garden’s financial woes and downbeat China data
U.S.-listed shares of China-based companies traded lower Friday as property developer Country Garden Holdings’ financial troubles cast a pall on the group.
China detains military industrial worker accused of espionage for CIA
The CCP alleges the U.S. official offered to help Zeng and his family emigrate from China to the United States in addition to the financial payouts. The accusations are only the latest in an escalating…
UPDATE 1-Biden calls China economy a ‘ticking time bomb,’ misstates GDP growth
U.S. President Joe Biden on Thursday called China a “ticking time bomb” because of economic challenges including weak growth, but misquoted the country’s growth rate. Biden said on Thursday he did not …
China Lifted a Ban on Group Travel. These Stocks are Set to Benefit.
China’s decision to lift a ban on group tours traveling to the U.S., Japan, South Korea and parts of Europe is great news for luxury stocks.
China to replace $140 bln LGFV debt with local bonds – Bloomberg News
China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, Bloomberg News reported on Friday.
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