China set to further leverage monetary policy2021-10-18
Despite factory-gate inflationary pressure, China is expected to further leverage its monetary policy in the rest of the year by reducing the cash that banks must hold in reserve to bolster the economy, experts said on Thursday.
Greater Bay Area business confidence index slips in third quarter2021-10-18
The Standard Chartered GBA Business Confidence Index saw the first quarterly decline since its launch in the second quarter of 2020, due to the resurgence of the COVID-19 pandemic. Analysts said that although there may be downside risks to the index, they believed the central government will introduce measures to contain the situation.
Arrows exist in quiver to help manage systemic risk2021-10-18
China has policy space to manage systemic risk exacerbated by liquidity stress among real estate developers, and regulations on their financing activities will slow down housing price growth amid deleveraging efforts, according to a national financial think tank.
New fund to spur Yangtze SOE reform2021-10-18
China launched a 73.75 billion yuan ($11.45 billion) fund in Wuxi, Jiangsu province, on Thursday to facilitate cutting-edge technology innovation and mixed-ownership reform at its State-owned enterprises in the Yangtze River Delta region, its operator said.
Bay Area ports see strong comeback2021-10-18
Ports in the Guangdong-Hong Kong-Macao Greater Bay Area saw a speedy recovery in cargo handling in the first half of 2021, with some achieving a surge over 36 percent.
Economic rebound expected to revive in Q42021-10-18
China's economic recovery is expected to regain momentum in the last quarter of the year as monetary supports strengthen and are set to alleviate the cost pressures smaller firms are experiencing and bolster credit expansion, experts said on Friday.
WB raises forecast of nation's GDP growth2021-10-18
The World Bank has revised its projection higher for China's GDP growth. It is expected to expand by 8.5 percent year-on-year in 2021, compared with a forecast of 8.1 percent in April.