China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading and …
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China’s floundering economy is a test for Xi Jinping
They showed that the economy grew by 6.3% in the second quarter compared with a year earlier. That looks impressive. But it was slower than expected. And the figure was flattered by a low base…
Morning Bid: Global market outlook bright but China’s clouds darken
Data on Monday showed that the world’s second largest economy grew at a frail pace in the second quarter while China’s Evergrande Group (3333.HK), the world’s most indebted property developer, said it …
S. Korea’s finance chief meets U.S., Chinese counterparts to discuss economic ties
Finance Minister Choo Kyung-ho held separate talks with U.S. Treasury Secretary Janet Yellen and China’s finance chief, Liu Kun, on Monday in Gandhinagar, India, on the sidelines of the G20 Finance …
Analysis: Will China ever get rich? A new era of much slower growth dawns
Zhu Ning, deputy dean at the Shanghai Advanced Institute of Finance, said improving social welfare could make growth rates of 3-4% more sustainable. Koo said China’s problems are more challenging than …
Marketmind: Global market outlook bright but China’s clouds darken
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Another day, another whoosh higher on Wall Street, but the double whammy of gloomy news from China on Monday …
Wall Street firms lower China GDP projections after disappointing Q2 print
In June, China’s central bank lowered a short-term lending rate for the first time in 10 months to help drive its recovery following last year’s Covid lockdowns. “To counteract persistent growth …
China GDP: disappointing second-quarter growth tests Beijing’s ammunition to fix uneven economic recovery
China’s economic growth in the second quarter was below market expectations despite Beijing’s effort to boost the post-coronavirus pandemic recovery.
Global debt dominates G20 finance talks
G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global …
Beijing talks up ailing property market with upbeat assessment after data shows housing demand remains weak
The ongoing clean-up in China’s property sector has rocked the market, but these are temporary setbacks and a resolution could give long-term stability to the industry.
What China’s slump means for the world
It is the flip side of President Xi Jinping’s focus on making China more of an economic and financial island. Compared to other nations, there are few pathways of interdependence through which, say, …
China’s Wealth Assets Are On the Rise Again After June’s Drop, Citic Securities’ Ming Says
The size of wealth management products generally shrinks the last month of a quarter from the previous month because of factors such as end-of-quarter assessments and maturity settings, Ming Ming, …
China growth slump, and what it means for the U.S.
China’s post-pandemic reopening isn’t going so well. But the economic implications for the rest of the world, and especially the United States, are more limited — and two-sided — than they may seem.
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