The rate cuts and broader stimulus measures announced by the People’s Bank of China Governor Pan Gongsheng yesterday were deeper, more comprehensive, and rolled out earlier than many analysts and
Since it last cut rates in July, financial markets have been anticipating further rate cuts from the People’s Bank of China (PBoC) to address China’s slump in consumer confidence and
The focus of the fifth plenary session of China’s State Council chaired by Premier Li Qiang on Friday, August 16 local time, was to send a strong signal to stabilize
July 26, 2024 At the Third Plenary Session of the 20th CPC Central Committee, China’s President Xi Jinping spoke at length about preparing for a possible return of Trump to the
China’s Central Financial and Economic Affairs Commission (CFEAC) will hold six meetings from late July through the end of August to formulate guidelines for China’s macroeconomic work for H2 2024.
China’s National Bureau of Statistics (NBS ) will hold a press conference to present the country’s regularly scheduled July and Q2 data releases and economic performance over the first half
Beijing has been paying closer attention than usual to this weekend’s European Parliament elections, with a wary eye on an imminent European Union announcement on planned tariffs on Chinese electric
China’s economic planners are pleased with the rebound, or consolidation, in activity in Q1 of 2024, and are confident that Q1 year-on-year GDP will stay above 5.0%, which is of
Two senior officials in Beijing commented on background on the Chinese government’s fiscal and tech policy initiatives, respectively. We have summarized their comments below. As may be expected, the comments
Following five months of a vicious bear market, Chinese shares rebounded sharply this week on reports that President Xi Jinping was to personally meet with officials at the regulatory watchdog
In order “to ensure high-quality economic growth of around 5.0%” this year, Premier Li Qiang and four vice-premiers inspected 17 provinces and held hundreds of symposiums after the Central Economic
A very brief follow-up to our report from Monday on the Taiwan elections this weekend (SGH 1/8/24; “China: Taiwan Elections and Beijing”): From a high level former senior official: The
Taiwan will hold its much anticipated presidential and legislative elections this Saturday, January 13. Since Terry Gou – the billionaire founder of tech giant Foxconn – withdrew his candidacy under
China’s 2023 Central Economic Work Conference (CEWC) was held at Jingxi Hotel in Beijing earlier this week, on December 11-12. President Xi Jinping and Premier Li Qiang made speeches, and
The message from China’s senior economic officials is, perhaps not surprisingly, that the economy is sustaining good recovery momentum with major indicators continuing to improve and overall performance stable. Below
Beijing made a big point to Washington in the run-up to the APEC Summit currently underway in San Francisco that an invitation had to be extended to Hong Kong SAR
Following a preliminary consensus that was reached at the first meeting of the US-China Economic Working Group and the US-China Financial Working Group via video link in late October, US
China’s leadership held its Central Financial Work Conference on Monday and Tuesday of this week in Beijing. The two-day conference, usually convened every five years, has offered a crucial window
Last Tuesday, the US Department of Commerce confirmed news reports that the United States will tighten export restrictions on artificial intelligence related chips and semiconductor manufacturing equipment to China, in
Last week, in another example of the quixotic search by reporters and markets for the “bazooka” stimulus story from China, a major financial news organization ran with a headline report