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The injection expands an effort to ease the funding pressure that had been building in the market after China kicked off a $1.4 trillion program to help local governments cope with their off-balance
Shenzhen stands as a template for spectacular economic success, but now, deep anxiety looms over the impending Trump presidency
Morgan Stanley downgraded China to slight 'underweight' from 'equal weight' in emerging markets
There is growing evidence of liquidity tightening in the US, Wood said, which raises a near-term risk to equities
Officials estimate swapping hidden for official debt will save 600 billion yuan in interest for local governments over five years. Having money available for principal repayment
China's imports have slowed sharply this year as the world's second-largest economy faces strong deflationary pressures due to weak domestic demand and a long-standing property market crisis
The trip is Cook's second to China this year. His posts on the X-like Weibo social media platform showed he visited an organic farm and toured ancient neighbourhoods
China's export growth slowed sharply in September while imports also decelerated, undershooting forecasts by big margins and suggesting manufacturers are slashing prices
China's economy expanded 4.6 per cent in the third quarter from a year earlier
Authorities last week also launched the country's most aggressive stimulus package since the COVID-19 pandemic
Foreign investors pulled a record amount of money from China in the April-June period
China approved loans worth $4.61 billion to Africa last year, the first annual increase since 2016
July economic data, including a fall in household loans and a slow down in industrial output growth
PwC's China unit has already lost at least two-thirds of its accounting revenues from mainland-listed clients this year since its Evergrande audit failure
A continued property crisis and weak consumption dragged on China's economic recovery in July, according to data released Thursday by the National Bureau of Statistics. Unemployment rose for the first time since February, clocking in at 5.2 per cent, compared to 5 per cent in June. Industrial production also rose more slowly than the previous month, showing a 5.1 per cent year-on-year increase in July, compared to a 5.3 per cent rise in June. Retail sales grew slightly more than analysts had expected, rising 2.7 per cent year-on-year in July, compared to 2 per cent in June. Statistics bureau spokesperson Liu Aihua said the recovery in consumption will be further consolidated given recent government policies to boost consumer spending. Beijing announced plans last month to use 150 billion Yuan (USD 20.9 billion) in government debt to finance trade-ins for consumer goods such as appliances and cars to stimulate spending. Consumption contributed around 60 per cent of China's economi
A total of 220 panelists with $590 billion worth of assets under management (AUM)) participated in a survey conducted by BofA Securities between August 2 and August 8
The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports
Chinese authorities are chasing unpaid taxes from companies and individuals dating back decades, as the government moves to plug massive budget shortfalls and address a mounting debt crisis. More than a dozen listed Chinese companies say they were slapped with millions of dollars in back taxes in a renewed effort to fix local finances that have been wrecked by a downturn in the property market that hit sales of land leases, a main source of revenues. Policies issued after a recent planning meeting of top Communist Party officials called for expanding local tax resources and said localities should expand their tax management authority and improve their debt management." Local government debt is estimated at up to $11 trillion, including what's owed by local government financing entities that are off balance sheet, or not included in official estimates. More than 300 reforms the party has outlined include promises to better monitor and manage local debt, one of the biggest risks in ..
Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October
The official purchasing managers' index (PMI) fell to 49.4 in July from 49.5 in June