But the fact that Beijing is moving more cautiously rather than rushing with stimulus measures may mean officials are confident that the full-year target is achievable. Market views turned from gloomy about “zero Covid” to rosy with its sudden lift. Now they have turned gloomy again as the post-Covid launch fell short of expectations. Investors’…
When janet yellen visited Beijing this month, she contributed to the local restaurant trade. The US Treasury Secretary dined with her team at an establishment known for Yunnanese cuisine, which then unveiled a “God of Wealth” menu in her honor. She also organized a lunch with female entrepreneurs and economists (including a representative of The…
(Bloomberg) — China’s economic recovery lost momentum in the second quarter, jeopardizing Beijing’s growth target for the year and raising concerns about a slowdown in the global economy. Most read from Bloomberg Gross domestic product grew at a slower than expected pace of 6.3% in the second quarter compared to a year earlier when dozens…
Hong-Kong CNN — China’s economic recovery continued to lose momentum in the second quarter of 2023, leading Beijing to urgently call for more stimulus. The world’s second-largest economy grew 6.3% in the months of April to June from a low a year ago, according to data released Monday by the National Bureau of Statistics (NBS)….
BEIJING, Jul 16 (Reuters) – A deluge of economic data out of China on Monday is expected to show that the post-pandemic rebound is rapidly fading, raising expectations that Beijing may soon need to unveil more stimulus measures to ease activity and shaky consumer confidence. to support . After a strong start to the year…
During the 2008 global financial crisis, China’s then-premier Wen Jiabao stated, “In the face of economic difficulties, confidence is more important than gold and currency.” Consequently, a Chinese economic stimulus worth 4 trillion Chinese yuan ($586 billion) was issued that year to support the economy. This economic measure was Beijing’s biggest step in responding to…
China’s economy likely recovered in the second quarter, according to a private survey of more than 4,600 respondents conducted by China Beige Book between mid-April and mid-April 2023. Sopa Images | Rocket | Getty Images China’s monetary stimulus last year did little to boost loan demand in the second quarter — even though corporate borrowing…
How China’s Light Touch Stimulus Affects AUD and Copper Prices The People’s Bank of China voted to cut benchmark interest rates by a measly 10 basis points as the nation’s emergence from lockdowns has not gone according to plan Copper is widely regarded as a leading indicator of economic health as warning signs reappear. Death…
TThe dry bulk market could be further supported by China’s indication that it will provide more support to the economic recovery. In its latest weekly report, shipbroker Xclusiv noted that “it remains to be seen whether the actions of the Chinese government will stimulate the dry bulk market. The dry bulk market has shown a…
TOKYO, June 14 (Reuters Breakingviews) – The central bank cut the rate on its seven-day reverse repurchase agreement from 2% to 1.9% on Tuesday, a move widely expected given persistent weaknesses in the post-pandemic recovery. The revival in the critical real estate sector appears to have stalled, with house prices falling slightly month-on-month in May…
Resume May new loans 1.36 trillion yuan versus forecast 1.6 trillion yuan May M2 money supply +11.6% y/y, versus forecast of +12.1% May TSF 1.56 trillion yuan, against forecast 2 trillion yuan C.bank promises to strengthen “counter-cyclical” policy adjustments BEIJING, Jun 13 (Reuters) – China’s new bank lending picked up in May from the previous…
BEIJING, Jun 7 (Reuters) – China’s bailout measures for its beleaguered real estate market will take “some time” to take effect, a state newspaper warned on Wednesday, as investors bet on short-term stimulus to revive the sector . The comments from Economic Daily, which is backed by the cabinet, came as investors in real estate…