SHANGHAI — China stocks edged down on Friday, dragged by property developers, as homebuyers’ threats to stop mortgage payments on unfinished apartments dented sentiment, despite Beijing’s assurance to ... ( read original story ...)
China growth at two-year low over Covid, property woes
BEIJING: China logged its slowest economic growth since the initial Covid-19 outbreak, official data showed Friday, expanding just 0.4% in the second quarter with lockdowns and property market ... ( read original story ...)
Shanghai steps up pace on readying five ‘new cities’ for investment
Take Shanghai Motor Vehicle Inspection Certification & Tech Innovation Center Co (SMVIC) for instance. It was officially approved in May to establish a measurement and testing center for the city's ... ( read original story ...)
Shanghai’s Economy Shrank Almost 14% as Lockdown Took Toll
Shanghai’s economy shrank almost 14% in the second quarter when a two-month lockdown in the financial and trading hub shuttered factories, curbed consumer spending and disrupted operations at the ... ( read original story ...)
China c.bank keeps medium-term policy rate unchanged for a sixth month
Adds details and comments SHANGHAI, July 15 (Reuters) - China's central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that ... ( read original story ...)
China banks, property stocks slump
SHANGHAI/SINGAPORE: Investors dumped China’s banking and real estate stocks on Thursday, fearing deepening trouble in the property sector would begin to hit the financial system as a wave of ... ( read original story ...)
Why better times may be ahead for China’s stock market
China’s hard line on COVID-19 outbreaks is among the strictest in the world. The lockdown of Shanghai, which began on March 28 and lasted through much of May, provided an extreme example, and the ... ( read original story ...)