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Top related persons:
Premier Li Qiang - 1 Li - 1 Tingshu Wang - 1 Economists - 1 Zhiwei Zhang - 1 Qiaoyi Li - 1 Ellen Zhang - 1 Ryan Woo - 1
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China Hong Kong Beijing Rights BEIJING
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Bloomberg News - 1 Bloomberg - 1 China Securities Finance Corp - 1 Huijin Investment Ltd - 1 China's CSI - 1 Premier - 1 REUTERS - 1 Rights - 1

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2 mentions found


☆ China is weighing measures to prop up its stock markets, could reportedly mobilize $278 billion
  + stars: | 2024-01-23 | by ( Shreyashi Sanyal | ) www.cnbc.com   time to read: +1 min
China is considering a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News. The report, citing people familiar with the matter, said Chinese authorities are aiming to get about 2 trillion yuan ($278 billion), primarily through offshore accounts of Chinese state-owned companies to help stabilize the market by purchasing stocks onshore through Hong Kong markets. Hong Kong's Hang Seng index fell nearly 14% in 2023, making it the worst performing major Asian stock market. The Bloomberg report comes a day after Chinese Premier Li Qiang said during a state council meeting the country will be rolling out measures to stabilize its stock markets. "We must take more powerful and effective measures to stabilize the market and confidence," Li said, according to state media.
Persons: Premier Li Qiang, Li Organizations: Bloomberg News, Bloomberg, China Securities Finance Corp, Huijin Investment Ltd, China's CSI, Premier Locations: China, Hong Kong
☆ China's consumer prices stall, factory deflation persists
  + stars: | 2023-10-13 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Tingshu Wang/File photo Acquire Licensing RightsBEIJING, Oct 13 (Reuters) - China's consumer prices faltered and factory-gate prices shrank slightly faster than expected in September, with both indicators showing persistent deflationary pressures in the world's second-largest economy. "The damage from the property sector slowdown on consumer confidence continues to weigh on household demand." Food prices dropped 3.2% from a year earlier, extending a decline by 1.5 percentage points from August and dragging down the CPI. While signs are emerging that China's economy is stabilising, concerns over the sustainability of the recovery persist. China's property sector has yet to emerge from a deep slump despite a raft of policy support measures.
Persons: Tingshu Wang, Economists, Zhiwei Zhang, Qiaoyi Li, Ellen Zhang, Ryan Woo, Sam Holmes Organizations: REUTERS, Rights, National Bureau of Statistics, Reuters Graphics, CPI, IMF, Central Huijin Investment, Thomson Locations: Beijing, China, Rights BEIJING
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