Nippon India Hang Seng ETF in focus: China recently introduced a significant stimulus package to boost its economic growth, increasing liquidity in the Chinese stock market and the banking system. This has increased optimism in Asian markets, with investors flocking to funds and equities to lock in profits amid the rally. Notably, the Nippon India…
washington — China’s weeklong celebration of its National Day, from October 1, is known as the “golden week” because it’s the Asian giant’s biggest week for travel, tourism and leisure spending. However, some Chinese who spoke to VOA Mandarin described this year’s National Day as a national day of mourning because of higher costs while…
In the 1990s, at China’s southern port of Xiamen, containers loaded onto ships were declared to customs as holding valuable export goods. At a time when China was striving to expand global trade in a bid to join the World Trade Organization (WTO), Beijing provided substantial tax rebates for logistics companies, turning many into millionaires….
It was presented as a bold stimulus to boost China’s ailing economy — but while it excited stock markets in Asia, Western economists were underwhelmed. At a rare press conference in Beijing on Tuesday, the usually gnomic governor of the People’s Bank of China, Pan Gongsheng, unveiled a range of measures designed to “support the…
China has cut interest rates in a major move that will no doubt put pressure on the RBA. (Source: Getty) With great fanfare, the People’s Bank of China cut mortgage interest rates this week. Markets screamed with happiness, bidding up iron ore miners. There’s only one problem: the cuts are the equivalent of an ant…