Page 2 - Lu Ting News Today

China’s consumer price index (CPI) turned positive for the first time since September, while the producer price index (PPI) fell for the 17th month in a row.

The liquidation of debt-ridden China Evergrande Group, ordered by a Hong Kong court on Monday, is unlikely to be enforced elsewhere in China, analysts say. “I think it’s extremely unlikely,” David Goodman, director of the China Studies Centre at the University of Sydney in Australia, told VOA in a phone interview on Tuesday. “It's not…

Despite government intervention, China's property crisis has been deepening as shadow bank Zhongzhi Enterprise Group declared bankruptcy on Jan. 5. The bank, which had financed the operations of several Chinese property developers over the years, stated in August 2023 that it was facing a liquidity crisis with many real estate companies defaulting on their debt and interest payment obligations. Colossal Liabilities Zhongzhi Enterprise had assessed its overall obligations to be in the range ...

Analysts say the yield may drop further as traders expect more cuts in lending rates in 2024 amid iffy economic signals.

BEIJING: Five of China's largest state banks lowered interest rates on some deposits on Friday (Dec 22), the third round of such cuts this year, offering the prospect of reduced lending costs at a time when the government is urging banks to support the economy. Industrial and Commercial Bank of China, Agri

Chinas biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth. Five state-owned...

Shanghai Disney Resort on Wednesday opened the world’s first Zootopia-themed land at Shanghai Disneyland, in another major step by the US-based entertainment giant to expand in the Chinese market amid a continuous rise in the nations consumption power.

Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.

Home prices in major Chinese cities fell for the fourth straight month in October, recording the steepest drop in nearly nine years amid slumping demand.

The contraction in China’s home sales and property investment both deepened in October, a steeper downturn that may push the government to do more to shore up the struggling housing market. Investment in property development fell 9.3 percent in the first 10 months of 2023, compared with a 9.1 percent…