"The Damage Could Be Huge": Chinese Banks Tumble, Swept Up In Mortgage Nonpayment Scandal As Borrowers Revolt
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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Services sector expands in June
Figures indicate robust recovery in business conditions
Source: chinadaily.com.cn
China adds $45bn to stimulus to pay for infrastructure projects
China announced another stimulus measure to finance infrastructure projects, part of its push to drive investment and increase employment in the second half of
Source: gulf-times.com
Expansion in air as June PMI back to black
China's factory activity expanded in June for the first time in four months as new orders and production improved, suggesting the country's economic recovery is gathering pace amid better containment of the COVID-19 pandemic and more substantial policy support, officials and experts said on Thursday.
Source: ecns.cn
China plans infrastructure stimulus
China has announced another stimulus measure to finance infrastructure projects, part of its push to drive investment and increase employment in the second half of this year as the economy starts to recover from the effects of COVID-19 lockdowns. The government will raise 300 billion yuan (US$44.8 billion) to finance infrastructure projects by selling financial bonds and other methods, the State Council chaired by Chinese Premier Li Keqiang (李克強) decided on Wednesday, according to a report by Xinhua news agency. Those bonds are usually sold by policy banks. The money will be used to repl...
Source: taipeitimes.com