The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays, reports Bloomberg. The central bank injected a total of RMB 600 billion ($86.4 billion) via 14-day repurchase agreements late last week, ending a two-month hiatus for such operations. Industrial […]
Category: Economics & Policy
For nearly a year, two ports, one on either end of the Panama Canal, have been the center of a fascinating geopolitical tussle. Last March, the owner and operator of the ports, Hong Kong’s CK Hutchison, announced it would sell them along with lots of other ports it owns around the world to a US […]
China Vanke warned that its net loss for 2025 widened 65.7% year-on-year to approximately RMB 82 billion ($11.8 billion), reports Caixin. The deepening red ink at the state-backed giant underscores the severity of China’s property crisis, which has left Vanke with an estimated RMB 131.5 billion in losses over the past two years. The acceleration of […]
China Vanke said its largest shareholder is providing a RMB 2.36 billion ($339 million) loan to help it meet near-term debt repayment obligations, reports Caixin. This comes as it struggles to manage ongoing debts amid China’s prolonged property slump. State-owned Shenzhen Metro Group is providing the three-year loan at an interest rate of 2.34%, according to […]
16 of China’s 31 provinces failed to meet their economic growth targets for 2025, reports Caixin. The figures demonstrate widening regional disparities even as the national economy expanded at a steady pace. Guangdong, China’s largest provincial economy, grew 3.9% last year, missing its target of about 5%. In contrast, Jiangsu narrowed the gap with Guangdong, expanding 5.3% to […]