The maturing debt of “most” of these financing platforms had either been extended, restructured or replaced, Pan said, adding that financing costs for local government debt had fallen “significantly”. He also said the number of high-risk small and medium-sized banks had “nearly halved from the peak”. The central bank will aim to guide “reasonable” growth
Four months after the State Council, China’s cabinet, unveiled a nine-point document aimed at restoring investors’ confidence and attracting long-term funds, the market is back in a downward spiral after a relief rally. There are telltale signs of investors shunning stocks: turnover on the Shanghai and Shenzhen exchanges has plunged to a four-year low, the
We recently compiled a list of the 10 Best Asian Stocks To Buy Now. In this article, we are going to take a look at where Mizuho Financial Group (NYSE:MFG) stands against the other Asian stocks. The Economy of Asia Asia the world’s largest and most populous continent has seen remarkable economic growth in recent decades.
Although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe. ADVERTISEMENT S&P Global released its Eurozone economic outlook for Q3 2024 on Monday morning, highlighting that growth in the Eurozone has
(Bloomberg) — China’s housing slump deepened in May and triggered new calls for the government to pump cash and credit into the economy, while industrial output — which has kept growth on track — fell short of forecasts. Most Read from Bloomberg Among a slew of data published on Monday, analysts latched onto the bad
Ballooning U.S. debt has stirred growing alarm on Wall Street, but economist Paul Krugman isn’t worried and said you shouldn’t be either. In a New York Times op-ed on Thursday, the Nobel laureate wrote that while $34 trillion is a record, debt as a share of GDP roughly matches levels seen at the end of
Chinese banks extended 730 billion yuan ($101 billion) in new yuan loans in April, down sharply from 3.09 trillion yuan in March and falling short of analysts’ expectations, according to bank’s data Photo: Shutterstock Reuters New bank lending in China fell more than expected in April from the previous month while broad credit growth hit