Tag Archives: China’s

China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies

China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources, but also stressed the importance of stronger ... Read More »

China’s top bike-sharing company cycles into London

China’s top bike-sharing company Mobike is pedalling into London with its dockless, GPS-enabled bicycles. The “smart” bikes, whose wheels can be locked anywhere and unlocked using a smartphone app, will arrive in the west London borough of Ealing in September, Mobike announced on Monday. The company plans to start with 750 bicycles and increase that number to meet demand. “We’re committed to ... Read More »

Steel stimulus drive China’s strongest economic growth since 2015

China’s economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 percent was the fastest in six quarters, with forecast-beating March investment, retail sales and exports all suggesting the economy may carry solid momentum into spring. But ... Read More »

China’s Economy Is Set for Steady Growth

A boy holds a toy his father bought for him as they exit a toy store in Beijing on January 18, 2017. China’s growth slipped to its slowest rate in more than a quarter of a century in 2016, an AFP survey has forecast, as analysts see mounting risks for the world’s number two economy with Donald Trump heading for ... Read More »

China’s Xi calls for wide-ranging measures to regulate hot property market

President Xi Jinping said China’s approach to regulating its red-hot property market will include financial, fiscal, tax, land, and regulatory measures as Beijing looks to develop a long-term mechanism for an industry prone to speculation. China’s home prices rose at the fastest pace on record in November. Prices are rising by more than 20 percent annually in many major cities, ... Read More »

China’s November home prices show government curbs starting to cool sharp rally

China’s property market slowed further last month, with average new home prices in the nation’s 70 major cities cooling from October as a raft of government curbs appeared to discourage speculative demand. New home prices rose 0.6 percent month-on-month, slowing from October’s 1.1 percent, according to Reuters calculations from data issued by the National Bureau of Statistics (NBS) on Monday. ... Read More »

HSBC launches special lending facility for start-ups in China’s Pearl River Delta

HSBC (HSBA.L) has launched a $290 million lending facility aimed at technology start-ups and other new industries in China’s Pearl River Delta region, intensifying the battle for a slice of a business that is growing despite a slowing economy. Showered with money from private investors over the last few years, the promising technology start-ups in China, the world’s second-largest economy, ... Read More »

China’s credit binge increases risk of banking crisis, says watchdog

China’s huge credit binge has increased the risk of a banking crisis in the world’s second biggest economy in the next three years, according to global financial watchdog. An early warning of financial overheating – the gap between credit and GDP – hit 30.1 in China in the first quarter of this year, a report from the Bank for International ... Read More »

China’s PSBC launches biggest share sale of the year

Postal Savings Bank of China (PSBC) is looking to raise $8bn (£6bn) by listing its shares in Hong Kong, making it the world’s biggest share sale this year. It is the largest stock market listing since Chinese online retailer Alibaba raised $25bn in New York in 2014. PSBC is China’s fifth largest lender, but the biggest by number of branches. ... Read More »

China’s factories grow less than expected, raising recovery doubts

China’s manufacturing sector expanded less than expected in April, raising doubts about the sustainability of a recent pick-up in the world’s second-largest economy. The official purchasing managers’ index (PMI) was 50.1 in April, easing from March’s 50.2 and barely above the 50-point mark that separates expansion in activity from contraction. Analysts polled by Reuters had predicted the reading would improve ... Read More »