BEIJING — Wall Street futures slid Tuesday after new data showed sharp declines in Chinese exports and Moody’s downgraded the credit ratings of a number of smaller U.S. lenders. Futures for the S&P …
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Stocks slide, weighed down by worries about banks and China: Stock market news today
Stocks sank on Tuesday, set to open in the red after surprisingly weak Chinese trade data and a warning about US bank health sent shivers through markets.
China’s Largest Surviving Developer Hits Debt Crisis
Country Garden Holdings, once lauded by China’s authorities as a model for others, missed interest payments on two U.S. dollar bonds.
China allocates 732 million yuan to agriculture disaster relief work
China on Tuesday allocated disaster relief funds totaling 732 million yuan about 1023 million US dollars to support the recover …
China’s Real Consumer Lending Rates Fall to as Low as 3% as Banks Vie for Clients
Lending rates at several large state-owned banks and joint-stock banks in Beijing have fallen along with China’s benchmark loan prime rate, and the minimum consumer lending rate is generally between 3 …
China’s central bank conducts 6b yuan reverse repos
BEIJING – China’s central bank conducted 6 billion yuan ($838.4 million) of seven-day reverse repos at an interest rate of 1.9 percent Tuesday. The move is aimed at keeping liquidity reasonable and …
Shanghai homebuyers warn of mortgage boycott as property crisis spreads to mainland China’s financial and commercial hub
Homebuyers in Shanghai have threatened to stop repaying mortgages as they protest against a developer’s delay in handing over flats These boycott warnings come at a time when property sales are …
China’s Jiangxi Province Used Most of Last Year’s Special Bonds to Fund New Projects, Report Says
Jiangxi province had issued CNY681.6 billion (USD94.5 billion) of special debt as of the end of last year, ranking 14th in the country. Its total debt balance was CNY1 trillion (USSD150.5 billion), …
Can China’s second-gen factory owners give ‘made in China’ a second chance in crisis?
Like young monarchs, suddenly thrust at the helm of their family’s legacy, China’s Gen Z and millennials are returning home to oversee decades of business growth in difficult times.
China’s central bank conducts 6-bln-yuan reverse repos
BEIJING, Aug. 8 (Xinhua) — China’s central bank conducted 6 billion yuan (838.4 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Tuesday. The move is aimed at …
China’s central bank conducts 3b yuan reverse repos
BEIJING – China’s central bank conducted 3 billion yuan ($420.29 million) of seven-day reverse repos at an interest rate of 1.9 percent Monday. The move is aimed at keeping liquidity reasonable and …
Don’t buy HSBC executive’s fake apology over China propaganda boosting
The head of public affairs for Britain’s multinational HSBC bank has sparked controversy by claiming that London was “weak” for supporting U.S.-led measures to restrict certain trade with China.
“Economic long COVID” could mean China’s economy is weaker than it looks
The Chinese economy is in worse long-term shape than is widely understood, a prominent American economist is arguing, in ways that cannot be easily fixed. It is “economic long COVID,” featuring a …
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