BEIJING/HONG KONG: China’s stimulus plans to fill consumer pockets to meet its 2024 growth target breaks away from a decades-old policy playbook, but making household demand a sustainable driver of development instead of investment is a long path paved with tough choices. Reuters reported last week that Beijing plans to issue sovereign bonds worth about … Read more
Chinese President Xi Jinping and other top leaders admitted Thursday that the world’s number two economy was facing new “problems” and vowed to resolve a long-running crisis in the housing sector. Beijing has this week unveiled a raft of measures to boost its ailing economy, which it has targeted to grow five percent this year … Read more
BEIJING: Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures. Official data showed the world’s second-largest economy slowed broadly in August, fuelling expectations for more stimulus. … Read more
Bridgewater Associates founder Ray Dalio shared that a small part of his family office’s money is still invested in China, however warned that China is facing serious economic problems as its economy slows down, according to a Bloomberg report. In an interview with Bloomberg Television, Dalio said China’s situation has become more challenging in recent … Read more
Asian stocks were steady early Tuesday following a mixed session on Wall Street where traders boosted bets the Federal Reserve will this week deliver a half-point rate cut. Equities in Sydney and Tokyo fluctuated. Futures for US stocks were little changed after the S&P 500 closed 0.1% higher and the Nasdaq 100 slid 0.5%, with … Read more
Adrian Mowat, EM-Equity Strategist, says the Fed moving policy rates slowly going back to neutral, arguably gives a weakening dollar. For emerging markets to have a combination of an end of a strong dollar and the Fed beginning to move to a more neutral policy takes away some significant headwinds, perhaps even giving some tailwinds. … Read more
BEIJING/HONG KONG: China’s local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure investment, fuelling talk that such funds could be used in other areas to stimulate growth back towards target. Investment at a municipal level has for years been one of the most efficient tools to stabilise … Read more
Peter Cardillo of Spartan Capital Securities LLC, says there is a very good possibility that with the weakness coming out of the Chinese economy, which will eventually hurt the global economy, we might get a surprise move by the Fed in September by half a percent rather than a quarter of a percent. And I … Read more
China’s ruling Communist Party started a four-day meeting Monday that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology. While the meeting typically focuses on such long-term issues, business owners and investors will also be watching to see … Read more
The international funds gave an average return of around 22.58% in the last one year, an analysis by ETMutualFunds showed. There were around 61 schemes in the international fund category that have completed one year of existence. The toppers were from Mirae Asset Mutual Fund. Mirae Asset NYSE FANG+ETF FoF and Mirae Asset S&P 500 … Read more
