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BEIJING (dpa-AFX) - Chinese banks extended a record level of loans at the start of the year after the relaxation of pandemic related restrictions boosted demand for credit from the corporate sector
Traders are betting that the reopening rally for Chinese equities has further to run.
The end of Covid zero is threatening a brain drain in the world’s second-largest economy as well as an exodus of billions that will put pressure on its markets.
The end of Covid zero is threatening a brain drain in the world’s second-largest economy as well as an exodus of billions that will put pressure on its markets.
President Xi Jinping’s decision to dismantle COVID travel restrictions is accelerating an exodus by wealthy Chinese, who could fuel billions of dollars in capital outflows as they plough cash into property and assets abroad.