A man with an umbrella passes by China’s central bank also known as People’s Bank of China, in Beijing. (Picture credit: AP) China’s central bank rolled out major monetary easing measures on Wednesday, slashing a key interest rate and lowering the reserve requirement for banks as the economy reels under the pressure of renewed US tariffs and domestic weakness.The People’s …
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Traders may want to limit China exposure in their portfolios as they position for 2025. (Representative picture) Chinese stocks posted their worst start to a year in nearly a decade as investors braced for economic uncertainties with weaker-than-expected manufacturing data and an anticipated hike in tariffs.The CSI 300 Index closed down 2.9% on Thursday, its steepest drop on a year’s …
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Xi signaled that support for the economy will continue into 2025. China’s gross domestic product is expected to expand around 5% for the full year of 2024, President Xi Jinping said, signaling the world’s second-largest economy is on track to meet its official target.China’s economy was “overall stable and progressing amid stability,” Xi said at a new year event on …
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