China Economic ReviewAlmost certainly next week we will have the GDP growth rate for 2023 announced by China’s National Bureau of Statistics. The estimate from the International Monetary Funds, reflecting many other estimates by financial and other organizations is that the reported growth rate will be 5.4%. Caixin did a survey of economists at 16 domestic and […]
New stock offerings in Hong Kong are expected to generate more than double the amount of funds for companies this year, making the city’s stock exchange one of the five busiest venues globally, according to KPMG, reports the South China Morning Post. The firm expects 90 initial public offerings (IPOs) to raise HK$100 billion ($12.8 […]
China’s exports likely grew more quickly and for a second month in December, a Reuters poll showed, adding to signs global trade is starting to recover thanks to an upturn in the electronics industry and expectations of lower borrowing costs in 2024, reports Reuters. Outbound shipments from the world’s second-largest economy are expected to have […]
Chinese companies are resorting to chips repurposed from standard PC gaming products to develop artificial intelligence tools, after Washington blocked US exports of high-performance processors, reports the Financial Times. Thousands of Nvidia gaming graphics cards are being stripped of their core components in factories and workshops every month, before being installed on new circuit boards, […]
China’s central bank added RMB 500 billion ($70 billion) worth of low-cost loan quota for policy-oriented banks in 2023 to ramp up financing for housing and infrastructure projects and bolster the economy, according to a report by the People’s Bank of China, reports Caixin. By the end of December, the outstanding amount of the PBOC’s Pledged Supplemental […]