China’s battered economy suffers another blow as Moody’s slashes its credit...
Moody's Investors Service slashed its outlook for Chinese government bonds to negative on Tuesday. The credit-rating agency cited stagnant growth and the country's ongoing property crisis. Beijing has rolled out stimulus packages and ramped up borrowing in a bid to support the embattled Chinese economy in 2023. Loading Something is loading. Thanks for signing up!…
Beijing is reportedly blocking big shareholders from selling stocks in a...
Workers install the nameplate of the Beijing Stock Exchange.Andy Wong/AP Beijing's stock exchange is stopping major shareholders from selling stocks, Reuters reported. Sales are being blocked in a bid to sustain a market rally, sources told the news agency. The exchange's flagship index is up 46% this month, powered higher by pro-market government measures. The…
China’s property stocks fall by the most in nine months as...
China's embattled property stocks have tanked by the most in nine months, according to Bloomberg data. The Bloomberg Intelligence gauge of Chinese developer shares fell almost 7% after Monday's trading. Major developer Evergrande fell by 25% after announcing it was unable to issue new debt. Loading Something is loading. Thanks for signing up! Access your…
BlackRock slashes its rating for Chinese stocks with growth faltering and...
BlackRock cut its rating for Chinese stocks from "overweight" to "neutral" on Monday. The asset manager's strategists cited growth, stimulus, and geopolitical concerns. The downgrade comes as Beijing battles to revitalize China's economy and crisis-hit property sector. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're…
China’s economy is hitting a wall after years of optimism, former...
China's economy is finally hitting a wall after years of optimism about the nation's future, Larry Summers said. According to Summers, US GDP is set to exceed China's for another generation. "No one should conclude that we can be complacent about the Chinese geopolitical challenge," he added. Loading Something is loading. Thanks for signing up!…
These 6 shocking twists show just how bad China’s economy is...
China's economy – the world's second largest – is slumping. Growth is stagnating, stocks have plummeted, and youth unemployment has spiked. Six numbers sum up the economic carnage, according to Bank of America. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download…
China is facing the risk of deflation as demand weakens and...
China's economy risks deflation as demand in the nation continues to weaken. The producer price index fell 4.6% in May from a year ago, marking the eighth consecutive decline. Consumer prices rose, but by an anemic 0.2% year-over-year rate. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed…
