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Goldman Sachs - 3 Maggie Wei - 3 Donald Trump - 1 — - 1 aren't - 1 — they're - 1 Donald Trump's - 1 who's - 1
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Search resuls for: "Maggie Wei"


4 mentions found


☆ Donald Trump scares Chinese investors as much as China's faltering economy, Goldman Sachs says
  + stars: | 2024-02-05 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Chinese investors are worrying about November's presidential election, according to Goldman Sachs. Donald Trump has signaled he'd impose tariffs of more than 60% on Chinese imports if elected. Local investors are also fretting about China's faltering economy, Goldman Sachs found. AdvertisementChinese investors aren't just worried about China's faltering economy — they're also fretting about Donald Trump's potential return to the White House, according to Goldman Sachs. On Sunday, he told Fox News that he'd impose tariffs of more than 60% on Chinese goods.
Persons: Goldman Sachs, Donald Trump, —, aren't, — they're, Donald Trump's, who's, Maggie Wei, Trump, they've, that's, Hong Organizations: Service, White, Republican, Trump, Fox News, Washington Post, CSI Locations: Beijing, China, Hong Kong, Washington
☆ China sets the tone on real estate, local government support at a high-level meeting
  + stars: | 2023-11-01 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
BEIJING — China signaled support for property developers and resolving local government debt problems in a high-level financial meeting that ended Tuesday, according to a state media readout. Such twice-a-decade financial work conferences tend to set long-term policy directions, which then pave the way for more detailed moves. "Policymakers would establish long-term effective mechanism to resolve local government debt and 'optimize the structure of central and local government debt,'" the report said. Beijing began cracking down on property developers' high reliance on debt for growth in 2020. The massive real estate sector has slumped amid developer defaults and falling home sales.
Persons: Goldman Sachs, Maggie Wei Organizations: of, Initiative Locations: Beijing, China, BEIJING — China
☆ Chinese investors are not expecting much stimulus as growth stalls, Goldman Sachs says
  + stars: | 2023-07-06 | by ( Jihye Lee | ) www.cnbc.com   time to read: +3 min
Goldman Sachs' said its clients in mainland China have "low expectations" for further stimulus measures to prop up the economy, the firm's economists wrote in a Wednesday note. "Local clients held low expectations for policy easing and structural reforms this year," Goldman's economists led by Maggie Wei wrote in the note. This comes after the People's Bank of China lowered policy rates last month, which included the medium-term lending facility (MLF) rate and loan prime rates (LPR). "Local clients did not expect major policy easing measures or structural reform measures to be rolled out in the July Politburo meeting," the economists added. Goldman's note added that while its local clients carry a "seemingly less pessimistic view" on China's near-term growth, they remain cautious about a longer-term trajectory for the economy.
Persons: Goldman Sachs, Maggie Wei, it's Organizations: Lujiazui Financial, 5th China, Visual China, Getty, People's Bank of, U.S Locations: SHANGHAI, CHINA, Shanghai, China, People's Bank of China, China's
☆ 'Do not bet': China's central bank warns against yuan speculation
  + stars: | 2022-09-29 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. BEIJING — The People's Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week. "Do not bet on a one-sided appreciation or deprecation of the renminbi exchange rate," the central bank said in a Chinese statement on its website late Wednesday, according to a CNBC translation. That's based on a readout of a speech by vice governor Liu Guoqiang at a video conference meeting on foreign exchange that day. The renminbi, or the yuan, crossed the 7.2 level against the greenback Wednesday, falling to its weakest since 2008.
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