China’s central bank cut the lower limit on mortgage rates for first-home buyers, a move that could revive the property market and support the cooling economy.
Tagged By financials
China’s April Coal Output Leaps 11% on Year, but Demand Downturn Looms
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply, but the volume …
China’s economic data disappoint in April as Covid controls weigh
China reported a drop in retail sales and industrial production in April — far worse than analysts had expected.
Yields, S&P 500 Futures hold onto recovery moves amid Fed, China concerns
Furthermore, hopes of easing the virus spread in China spread optimism in Asia as the latest covid update from Reuters suggests softer numbers from Shanghai. “Chinese financial hub Shanghai reported …
Expect jobless rate to worsen in Hong Kong, finance chief warns, while also cautioning against excessive pessimism
But jobless rate expected to top out and gradually improve as long as pandemic continues to stabilise, financial secretary Paul Chan says.
China to cut lower limit for interest rates on first-home loans
China’s financial authorities on Sunday said that the lower limit for interest rates on first-home purchase loans will be cut. The lower limit for interest rates on first-home loans at the national …
China’s struggle delights some – but should make us all nervous
Covid has amplified the threats that accompany the country’s role as an economic superpower …
China Adds Support to Property Market as Shanghai Reopens Shops
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WRAPUP 1-Shanghai aims to reopen more COVID-shut businesses, Beijing battles on
SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in …
IMF win for China as yuan granted higher weight in special drawing rights
China’s will for opening up is unshakeable, central bank says, responding to doubts over dual circulation and zero-Covid strategies.
China’s new yuan loans contract in April as COVID hits
China’s new yuan-denominated loans totaled 645.4 billion yuan (about $95.05 billion) in April, central bank data showed Friday, 823.1 billion yuan shorter than the same month last year. The April …
Angel Koo Amps Up Sustainable Directives with China Financial Development
TAIPEI, TAIWAN / ACCESSWIRE / May 14, 2022 / China Development Financial (CDF) (TWSE:2883) has ambitiously been the first financial institution in Taiwan to announce a net-zero emissions target by …
Nairobi tollway an example of China’s new belt and road financing approach in Africa
The expressway opening in Kenya’s capital is part of a shift by China’s Belt and Road Initiative away from debt financing toward public-private partnerships.