China’s just-announced 6.3 percent GDP growth in the second quarter comes with a series of drawbacks. Here’s a primer on the issues with the new numbers from Beijing’s propaganda arm.
Tagged By financials
Yellen says China slowdown risks spillovers but no U.S. recession
Treasury Secretary Janet Yellen said that China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the U.S.
Yellen says China slowdown risks spillovers but no American recession
The United States is on a “good path” to bring inflation down without a major weakening in the labor market, the treasury secretary said.
Thanks to communism, China’s economy may never outpace American dominance
Despite the Biden administration’s humiliating displays of homage to the bureaucrats in Beijing, the Chinese Communist Party may very well need the grace and favor of the West, and the United States …
China Evergrande liabilities fall in 2022, but board sees doubt as ‘going concern’
China Evergrande’s (EGRNF) total assets slid by 13%, outpacing its total liabilities decline of 5.5% in 2022, the debt-hobbled Chinese property developer disclosed in its …
U.S. stock futures struggle for momentum as China data weighs on sentiment
MARKET SNAPSHOT U.S. stock futures were mostly lower Monday after some disappointing news on China’s economy damped risk appetite across global markets.How are stock-index futures trading …
China’s Economy Improves Over Weak Year-Ago Pace but Misses Mark
On the technical side, the GDP deflator, a measure of prices for the broad economy, turned negative in the second quarter. Beijing has set an inflation target of “around 3%” for 2023, but economists …
No Bears Allowed: China’s Latest Round of Economic Censorship
But the latest spate of economic censorship is hardly unusual. In fact, over the past decade, the Chinese Communist Party (CCP) has repeatedly imposed increased restrictions whenever the economy …
China’s PBOC Expands Size of MLF Loans Slightly, More RRR Cuts Are Likely, Experts Say
(Yicai Global) July 17 — The People’s Bank of China expanded the size of its medium-term lending facility by a modest CNY3 billion (USD418.5 million) today, and the small size of the increase could …
Marketmind: China Falls Short and Oil Ebbs but Banks Impress
Big banks made an impressive start to the Q2 earnings season with profit beats for the likes of JPMorgan, Citi and Wells Fargo – but red flags raised about credit and real estate and the…
Janet Yellen following Antony Blinken to Beijing to address ‘areas of concern’ in US-China relations
Treasury Secretary Janet Yellen will meet this week with officials in Beijing to open lines of communication on financial issues. Getty Images Yellen expects to address “areas of concern,” as …
China’s Wealth Management Products Size Shrinks in June But Will Recover in Second Half, Expert Says
The size of China’s wealth management products plunged in June from May. But the decline was a normal seasonal change, and the market has already started recovering this month, according to a chief …
Climate finance: China says 193 green bonds worth US$35 billion meet EU standards, enhancing lure for overseas investors
The stamp of approval expands the pool of investible green bonds for international investors and removes risk of greenwashing accusations, experts say.
