China’s major commercial banks have cut their deposit rates for a second time this year, a move that could help ease pressure on lenders’ profits after officials lowered mortgage and lending rates as part of efforts to boost the economy. Industrial & Commercial Bank of China and China Construction Bank Corp. and other big lenders…
After a rare week-long stock rally fueled by Beijing’s aggressive policy measures to stimulate the economy, an economist warned that a more cautious outlook is necessary as fears of a potential stock market crash grow. Emerging market investors, who previously gained from the ‘Buy India, Sell China’ strategy, are rethinking their approach as Beijing rolled…
China’s over $100 billion push to bolster its stock markets has stirred optimism, but begs the question of whether investors and businesses will take the bait amid lingering doubts about the economy’s underlying weakness. In an unprecedented move, the People’s Bank of China vowed to invest 800 billion yuan of liquidity, equivalent to $113.77 billion,…