Asian stocks climbed, buoyed by renewed optimism over China’s economy and US data that eased recession concerns. Japanese equity benchmarks outperformed with gains topping 1%, while shares in Australia and South Korea also advanced. Futures showed Hong Kong’s benchmark may open more than 2% higher on Tuesday. That’s after US stocks climbed for a second … Read more
A man walks near red flags on Tiananmen Square during a preparatory session meeting of China’s National People’s Congress in Beijing, China on March 4, 2025. | Photo Credit: AP The annual meeting of the Chinese parliament ended with rumours swirling around the absence of its chairman Zhao Leji and concerns over the slowing economy … Read more
President Xi Jinping has shifted focus towards private sector giants such as BYD, Huawei, and Alibaba to boost China’s technological self-reliance amidst the ongoing technology war with the U.S. This move highlights a significant change in the Chinese leadership’s perception of the private sector’s role in economic growth. Source link
The thesis for investing in China is improving underpinned by a combination of market performance and tailwinds from DeepSeek‘s AI breakthrough to better-than-expected U.S. relations, according to analysts at Bank of America Securities. Under the sub-heading “From ‘tradable’ to ‘investable’” the investment bank’s China equity analysts noted that long-term reforms such as rising dividend payments … Read more
China will expand consumption subsidies to cover smartphones and other electronics, in a step to promote domestic spending as external headwinds pick up. ET Year-end Special Reads A national trade-in programme that currently applies to home appliances and cars will broaden this year to include personal devices like phones, tablets and smartwatches, officials from the … Read more
QINGDAO, China: Banks in China are foreclosing on a growing number of apartments after homeowners could not pay their mortgages, as the country’s housing crash threatens the financial system. The roster of homes seized and listed for auction leaped 43% last year, according to official data. Numerous Chinese banks have disclosed increases in mortgage defaults … Read more
China’s pledge to nearly double the loan quota for unfinished residential projects to ¥4 trillion ($562 billion) fell short of market expectations, causing property shares to retreat as investors looked for stronger policies. The government set the new year-end target for loans to so-called “white-list” property projects after disbursing ¥2.23 trillion as of Oct 16. … Read more
The recent milestones of the Nifty50 at 26,000 and Sensex at 85,000 were short-lived as headwinds from the Middle East and the shift of FII funds to cheaper Asian markets weighed on investor sentiment. Over the week, these benchmark indices fell by more than 4%, with a broad-based decline across sectors such as auto, banking, … Read more
BEIJING/HONG KONG: China’s stimulus plans to fill consumer pockets to meet its 2024 growth target breaks away from a decades-old policy playbook, but making household demand a sustainable driver of development instead of investment is a long path paved with tough choices. Reuters reported last week that Beijing plans to issue sovereign bonds worth about … Read more
Chinese President Xi Jinping and other top leaders admitted Thursday that the world’s number two economy was facing new “problems” and vowed to resolve a long-running crisis in the housing sector. Beijing has this week unveiled a raft of measures to boost its ailing economy, which it has targeted to grow five percent this year … Read more