Elsewhere, China’s sudden re-opening paves the way for a rapid rebound in activity. And global financial conditions have improved as inflation pressures started to abate. This, and a weakening of the …
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Who will take on China’s biggest economic challenges? A guide to the power players
As China reopens, it faces a rocky road to a sustainable recovery, with economic officials confronting the daunting tasks of reviving market confidence, propping up the real estate sector and …
China’s debt-based interest payments top a trillion yuan for first time, raising concerns about financial risks
Total interest paid on bonds at local levels in China last year increased by nearly 21 per cent from 2021 as Beijing ramped up efforts to stabilise the nation’s economy Analysts expect local …
Beijing’s leaders put Haidian district in spotlight
Beijing’s top officials highlighted the city’s Haidian district in economic and scientific development during inspection tours conducted after the Chinese New Year holiday. Yin Li, Party chief of …
We expect positive commentary from Starbucks on China, says UBS analyst Dennis Geiger
UBS analyst Dennis Geiger joins ‘Squawk Box’ to discuss how analysts believe China will impact business, how Geiger feels about Starbucks’ stock, and more.
Dollar seesaws ahead of busy central bank week
FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo …
China’s 2022 fiscal revenue growth skids as COVID jolts economy
China’s fiscal revenue rose 0.6 per cent in 2022 from a year earlier, slowing sharply from a 10.7 per cent increase in 2021 due to huge tax rebates for businesses to support the COVID-ravaged economy,…
China 2022 fiscal revenue +9.1% y/y, excluding tax credit rebates
China’s fiscal revenue rose 9.1% in 2022 from a year earlier, after excluding the impact of value-added-tax credit rebates, the finance ministry said on Monday. Fiscal expenditure rose 6.1% in the …
Covid Zero, Property Slump Drive China Into Record Deficit
China’s budget deficit jumped to a record $1.3 trillion last year, showing the strain put on local government finances by the spending needed to implement and offset the ultimately futile Covid Zero …
Pandemic pushes digital banking in China, HK
Over the past 12 months, mobile banking apps and online banking were the most-used channels, across different age groups and asset levels, note two reports published by Bain & Company, namely “How to …
Covid Zero, Property Slump Drives China’s Into Record Deficit
The cost China paid to futilely try and contain the Covid pandemic last year has become clearer, with the budget deficit hitting a record $1.3 trillion.
Bill Gates says the rise of China is good for everyone and that Beijing needs to ‘play a stronger role in world governance’
Bill Gates sees China’s rise as a “huge win for the world.” But he knows that not everyone shares his view. Speaking this week at the Lowy Institute, a think tank based in Sydney, the…
BAIC’s exciting new BEIJING X55 selected as a 2023 COTY finalist
Beijing Automotive Industry Corporation , one of China’s leading automobile manufacturers, is proud to have BEIJING X55 as a COTY finalist …
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