(Reuters) – Asia’s largest manufacturing economies stepped up activity in November, with China’s factories extending their recovery driven in part by Beijing’s stimulus and a rush to export, though weak patches in other parts of the region pointed to some challenges. Risks to global trade from a second Donald Trump presidency loomed large over factories…
BEIJING (Reuters) -China’s factory activity expanded modestly for a second straight month in November, an official survey showed on Saturday, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world’s second-largest economy. The National Bureau of Statistics purchasing managers’ index (PMI) on Saturday rose to 50.3 –…
HONG KONG — Chinese internet giant Baidu reported its biggest quarterly sales contraction in two years as online ad sales, the company’s core revenue source, fell short of expectations. In an earnings call, interim Chief Financial Officer He Junjie said he has not seen “notable improvement” in advertising spending from key clients despite Beijing’s recent…
Yield for China’s benchmark 10-year bonds have slid to their lowest in over a month after the government announced its 10 trillion yuan or $1.4 billion worth debt refinancing programme, Bloomberg reported. This mostly came as traders were disappointed with the measures and are awaiting more stimulus amid China’s wait-and-watch approach to Donald Trump‘s re-election…
BEIJING (Reuters) – China’s stimulus efforts could come with a cost and they must be carried out alongside reforms to ensure sustainable economic growth, Liu Shijin, a former central bank adviser, said in remarks published on Wednesday. “Stimulus could come with a cost and we should combine stimulus with reforms,” Chinese media outlet Yicai quoted…
US Treasury Secretary Janet Yellen and China’s deputy finance minister Liao Min met in Washington on Friday to discuss macroeconomic policy developments, including Beijing’s most ambitious stimulus measures since the coronavirus pandemic. China reported third quarter growth of 4.6 per cent, the lowest figure since the same period last year. Beijing has recently announced a…
China is expected to announce extra fiscal policy support on Saturday. Analysts expect $283 billion worth of stimulus to be pledged, Bloomberg reported. The lack of consumer support in China’s last stimulus package disappointed investors. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
Chinese stocks are poised for a huge run-up in the next year, according to Renaissance Macro’s Jeff deGraaf. The research firm CEO said perfect conditions are aligning for additional gains exceeding 50%. Other notable investors have been looking to buy the dip in Chinese stocks amid continued stimulus efforts. Thanks for signing up! Access your…
NEW YORK — Major U.S.-listed Chinese stocks tumbled Tuesday following dampened enthusiasm for Beijing’s fiscal support plan that had been fueling a recent rally. The Nasdaq Golden Dragon China Index, which tracks Chinese companies listed in the U.S., was down 6.54% in midday trading, while overall U.S. markets were trading slightly up. Source link
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