washington — Zhang Ke, not his real name, has been hiding from police in the southern megalopolis of Guangzhou since September. He said he had not committed a crime but was dodging authorities to avoid extortion by police from another city more than 1,400 kilometers away in northern China. In July, Zhang said his life…
According to people involved in policy discussions, that is wishful thinking: A bazooka isn’t coming—at least not this year. Hopes rose for bolder stimulus action when a key Chinese legislative session was postponed until this week. Some investors and analysts viewed it as a sign that Chinese leader Xi Jinping was waiting for U.S. election…
The Standing Committee of the National People’s Congress meets Monday and state media will likely report its decisions Friday. Here’s what to watch: SIZING UP: China-watchers have for months wondered how big the fiscal package will be. Expectations vary but many see stimulus equivalent to roughly $1.4 trillion. Government spending has been much slower than…
Every month, Mint’s Plain Facts section gives you an update on key global data to threads together the big developments worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it could affect India. This…
NEW DELHI : China’s gross domestic product (GDP) in the quarter ended 30 September 2024 grew at the slowest pace since the quarter ended 31 March 2023. The slowdown in the world’s second-largest economy is having knock-on effects around the globe, from the global oil market to Indian exports of spices. The Chinese government announced…
Hong Kong-listed Citic said it would sell its 19.23 per cent stake in Fast Food Holdings to a private-equity unit of its affiliate, Trustar Capital Partners, according to a stock exchange filing on Monday. “The disposal is based on the group’s business development strategy” and “provides a good investment return”, Citic said. It said the…
The Indian stock market is seeing increased foreign capital outflows as the ‘sell India, buy China’ strategy gains momentum. China’s latest stimulus package, unveiled in September and October, includes reductions in reserve requirements, mortgage rate cuts, and liquidity injections. It is aimed at boosting overall economic growth and has drawn substantial investor interest due to…
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…
China’s been an engine of regional growth for the past three decades, but its mounting economic woes have cast a shadow over its neighbors. As China’s top leaders get serious about reviving the economy, Beijing’s next policy steps could determine if it will again be a regional tailwind. For regional economies, it’s not about whether…
Chinese stock markets rallied after the central bank and other government agencies announced steps at the end of September to revive the property sector and prop up financial markets | (Photo: Shutterstock) 2 min read Last Updated : Oct 12 2024 | 11:09 AM IST The Chinese government is looking at additional ways to…