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11 Mar China’s nationalists put water firm Nongfu Spring under fire, dousing private sector’s flickering confidence

Posted at 12:00h in Asia

China’s drinks giant Nongfu Spring, the country’s largest bottled water producer, has become the latest target in a series of attack campaigns from an increasingly vocal constituency of nationalists online, prompting concerns over what effect this group may have on an already fragile private sector.The...

10 Mar China’s ‘two sessions’ 2024: new mandate, party control push central bank beyond ordinary role

Posted at 22:00h in Asia

Rather than take drastic action to silo China from the US and insulate its economy from what already looked like a ticking time bomb, Wang promised his old friend the country would not dump its massive holdings of US treasury bills.Though that news was a...

08 Mar Hong Kong stocks extend gains as dovish central banks inspire rate cut hopes

Posted at 02:46h in Asia

Hong Kong stocks gained, amid expectations global central banks will ease monetary conditions this year, with Fed Chair Powell comments about interest rate cuts following those made by PBOC Governor Pan Gongsheng that there is still room to cut banks’ reserve ratio.The Hang Seng Index...

07 Mar Hong Kong stocks hit by geopolitics with China’s biotech companies in US Senate’s cross hairs

Posted at 02:56h in Asia

Hong Kong stock markets weakened in early trade, led by Wuxi Biologics and Wuxi Apptech, after a US bill proposed restricting business with Chinese biotech companies on national security grounds. Source link ...

06 Mar Hong Kong stocks in firm start lifted by tech sector ahead of JD.com earnings, caution prevails over lack of China stimulus

Posted at 02:53h in Asia

Hong Kong stocks rose, led by the tech sector which was lifted by e-commerce giant JD.com’s sharp gains ahead of its earnings report, but sentiment was cautious as investors were disappointed by the lack of any major stimulus announcement at China’s annual parliamentary meeting.The Hang...

05 Mar China’s ‘two sessions’ 2024: did premier’s speech move the needle for foreign, private business?

Posted at 11:30h in Asia

Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in...

02 Mar China urged by foreign chambers of commerce to take firmer hand with private sector support

Posted at 00:00h in Asia

Foreign chambers of commerce in China have repeated their now-familiar call for action from Beijing to back its pro-business rhetoric – part of a larger effort to rekindle investment – even after the August unveiling of a 24-point plan to support overseas firms.Chambers that took...

01 Mar Chinese province invites overseas investors to link up with strategic supply chains

Posted at 02:00h in Asia

China’s eastern economic powerhouse of Jiangsu has become the first province to invite foreign businesses to take part in its strategic industrial chains, part of a national effort to retain and attract foreign investors.But analysts expressed concerns over the strategy’s long-term viability as geopolitical tensions...

25 Feb Chinese investors struggle to hold on to property abroad as soaring rates, weak domestic economy make mortgages unaffordable

Posted at 02:00h in Asia

These dynamics seem to be playing out for a number of Chinese home owners in Australia, where the central bank has hiked interest rates on 13 occasions since 2022. 10:45Chinese investors offloading overseas properties Chinese investors offloading overseas properties In the popular Sydney suburb of Bondi,...

23 Feb China’s home prices fall at a slower pace as Beijing steps in to resuscitate property sector

Posted at 07:26h in Asia

Home prices in mainland China fell in January, but the pace of decline slowed for both new and lived-in units amid persistent weakness in consumer sentiment, according to official data.Prices of newly built homes in 70 large and medium cities fell 0.37 per cent last...

China economy Tag