BEIJING โ China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems, while signaling more economic support would come next year.Minister of Finance Lan Fo'an told reporters Friday that authorities planned to "actively use" the available deficit space that can be...
Category: Finance
Trump win and threat of more tariffs raises expectations for more China stimulus
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersBEIJING โ Donald Trump's 2024 presidential win has raised the bar for China's fiscal stimulus plans, expected Friday.On the campaign trial, Trump threatened to...
BlackRock launches ETF that expands beyond the ‘Magnificent Seven’
BlackRock's iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven.The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn't just hold the Magnificent Seven โ Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia and Tesla. It's made up of...
Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024.China News Service | China News Service | Getty ImagesBEIJING โ Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise...
Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys.Nurphoto | Nurphoto | Getty ImagesBEIJING โ Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the...