The Shanghai Stock Exchange is making efforts to facilitate the financing of Chinese property developers by spearheading a call between five homebuilders and investors, after Greenland Holdings became the first….
Chinese industrial companies made a profit of 2.66 trillion yuan in January – April, an increase of 3.5% from the same period last year, slowing from the 8.5% growth for the first three months of the year, according to the National Bureau of Statistics.
Steel prices in China have been falling as sluggish demand amid the slowing economy drives inventories at major mills to the highest level in two years. The most-traded steel rebar….
Chinese e-commerce giant Alibaba Group’s revenue for the March quarter grew at the slowest rate on record amid Covid-19 lockdowns and a slowing economy, although it beat expectations as growing demand for some of its niche online shopping service offset weakness at its main marketplaces.
China’s technology hub of Shenzhen on Thursday unveiled a package of subsidies to encourage spending on vehicles, home appliances and digital products, as part of its efforts to boost consumption and shore up the slowing economy.
China’s State Council on Wednesday held a crucial meeting on stabilizing the macro economy amid mounting downward pressure. China’s economy is facing the risk of “sliding out of a reasonable….
China issued guidelines to expand infrastructure investment by freeing up capital locked in existing projects and encourage using tools such as real estate investment trusts (REITs), as part of its efforts to support the sluggish economy hit by the Covid-19 outbreaks.
The People’s Bank of China (PBOC) on Monday held a meeting with 24 major financial institutions, calling for stronger support for the real economy to tackle growing downward pressure, according….
China’s home inventories have been climbing amid the ongoing down cycle in the housing market, with lower-tier cities seeing particularly higher pressure. That has prompted some local government to restrict….
China on Monday rolled out a broad package of measures to support businesses and boost consumption in an effort to push the economy back onto a normal track and maintain the economic operations within a reasonable range.
China’s State Council, the cabinet, on Monday rolled out a package of “targeted, forceful and effective measures” in the latest move to bring its economic operations back onto a normal track.
A number of Chinese cities, including the four tier-one cities have moved to lower home mortgage rates after the central bank lowered five-year benchmark lending rate last week to support the property market and boost the sluggish economy.
China’s benchmark iron ore futures contract surged more than 6% on Monday boosted by India’s latest move to hike tariffs on iron ore exports.
China’s commercial and financial hub of Shanghai reported a broad decline in its economic activities in April amid a city-wide COVID lockdown which shut factories and kept residents at home…..
China cut its five-year benchmark lending rate by the most since the current interest rate mechanism was adopted in 2019 as Beijing seeks to revive the struggling property sector to….
Chinese smartphone maker Xiaomi Corp’s smartphone shipments declined by more than 20% on year in the first quarter and adjustment net profit dived more than 50% as COVID-19 outbreaks and….
International investors reduced holdings of yuan-denominated bonds for the third straight month in April as Covid-19 lockdowns hit the Chinese yuan and rising US yields lowered appetite for Chinese debt…..
China’s mobile phone shipments declined significantly in March amid economic slowdown and the impacts of the Covid-19 outbreaks and analysts expect a full-year drop in 2022 if the epidemic can’t….
Tencent Holdings reported almost no revenue growth for the first quarter and net profit tumbled more than 50% on year amid regulatory uncertainty surrounding big tech companies and economic headwinds amid….
China’s home prices declined across the board in April, with new home prices recording their first drop in more than six years, as resurgent Covid-19 outbreaks in several major cities….
China’s fiscal revenue tumbled more than 41% in April from a year earlier as the government refund some taxes to help businesses weather the impact of Covid-19 restrictions. Fiscal revenue….
China’s financial and commercial hub of Shanghai is accelerating its pace of recovery from the six-week lockdown imposed to contain the latest wave of Omicron outbreak while some key factories….
Some Chinese developers have been told by regulators to issue onshore bonds backed by credit-risk hedging tools, as the authorities try to help the struggling sector to resume open market financing. Three….
China’s real estate development investment declined on year in the first four months of the year and home sales, land purchases and housing prices continued to set new lows in….
China’s economic activity weakened sharply in April as widening COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, adding to concerns that the world’s second largest economy….
China’s financial regulators have cut the lower-bound range of mortgage interest rates for first-time homebuyers amid persistent weakness in the housing market. China cut the lower limit of home mortgage….
China’s credit growth slowed sharply in April, with new bank loans plummeting 80% from the previous month, as the coronavirus pandemic dampened credit demand, even as the authority vowed to….
Chinese local governments’ fiscal condition has been under increasing pressure due to prolonged Covid-19 lockdowns, slowing economic growth and of a series of tax rebates and cuts. The technology hub….
China’s two largest chipmakers posted strong earnings results for the first quarter of the year, mainly driven by price hikes, but warned of uncertainties ahead amid prolonged Covid-19 lockdown measures….
Cash-strapped Sunac China Holdings, the country’s third-largest property developer by sales, on Thursday admitted that it’s unable to make coupon payment totaling $104 million due on four US dollar-denominated bonds,….
