China had timed its WTO membership bid perfectly, just when the global trade cycle was on a major upswing. While the financial crisis took a brief toll on Chinese export momentum, the interruption was …
Tagged By financials
Slowdown in China ripples through corporate earnings
Several multinationals in the second quarter have all cited weakness from the Chinese market as a challenge they’ve either been hindered by or have to overcome.
Billionaire Jack Ma to cede control of financial tech giant Ant Group
A regulatory crackdown that scuppered its $37 billion IPO in 2020 led to a forced restructuring of the financial technology behemoth.
Financial Times: Central Bank of China plans to allocate up to $148 billion to rescue the real estate sector
Beijing is trying to mobilize up to 1 trillion … which played a big role in reducing annual growth to just 0.4% in the second quarter, the People’s Bank of China will initially lend about…
Billionaire Jack Ma to cede control of financial tech giant
A regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.
China Bank H1 earnings jump 39% on record Q2
China Banking Corp. boosted its earnings by 39 percent to P10.1 billion in the first half, from P7.3 billion in the same period last year, after hitting a record P5 billion in the second quarter.
Iron ore price hits 4-week high boosted by rebounding steel margins in China
Twelve blast furnaces in China have resumed operations as margins improved, Chinese metals information provider SMM reported.
China Targets $148 Billion in Financing for Cash-Strapped Developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector …
Asia credit investors feel the pain of China property exposure
China’s crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their returns …
China Economic Review Jul. 28
Recently, China released the New Urbanization Implementation Plan during the 14th Five-Year Plan period (2021-25), which comprehensively deployed the goals, tasks, policies and measures to promote new …
China’s central bank seeks to mobilise $148bn bailout for real estate projects
Beijing is seeking to mobilise up to Rmb1tn ($148bn) of loans for stalled property developments, in its most ambitious attempt to revive the debt-stricken sector and mollify home buyers who are …
China’s central bank targets $148 billion in financing for cash-strapped developers – FT
A key pillar of the world’s second-largest economy, China’s property sector has been lurching from one crisis to another, and has been a major drag on growth over the past year. A revolt by homebuyers…
China Banks Rush to Raise Record Debt as Credit Losses Mount
Chinese banks are rushing to boost capital as they prepare for a potential spike in bad loans due to the economic slowdown and spreading housing crisis. Most Read from BloombergRockstar Games Cleaned …
ADVERTISEMENT
