China’s Central Bank Lowers Mortgage Rates to Boost Housing Market
China’s central bank announces a significant cut in mortgage rates for existing home loans, aiming to boost the housing market and ease financial pressure on homeowners.
Economic Policy
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Fed Lowers Interest Rates by 50 Basis Points; Former Vice Chair Calls for Continued Cuts
The U.S. Federal Reserve has lowered interest rates by 50 basis points amid signs of moderating inflation and a weakening labor market. Former Vice Chairman Donald Kohn stresses the importance of continued cuts.
Americans Brace for First Interest Rate Cut Since March 2022
Americans are preparing for a potential interest rate cut when the Federal Reserve meets in September, signaling a possible shift in monetary strategy. This would be the first cut since March 2022.
China Eliminates Foreign Investment Restrictions in Manufacturing
China announced it will lift all foreign investment restrictions in manufacturing with the 2024 negative list, reducing restrictions from 31 to 29 and eliminating barriers for foreign investors.
China Removes Foreign Investment Restrictions in Manufacturing
China will lift restrictions on foreign investment in the manufacturing sector with the release of the 2024 negative list, aiming to attract more foreign capital and optimize investment structures.
China’s Deepening Reforms: Paving the Way for Modernization
China’s Third Plenary Session of the 20th CPC Central Committee has adopted a landmark resolution to deepen reforms and advance modernization over the next decade.
Reevaluating the U.S. Market Economy: A Shift in Practices?
Recent shifts in U.S. policies raise questions about its standing as a market economy. Explore the evolving dynamics and what they mean for global markets.
Daryl Guppy Urges Serious Examination of Troubling U.S. Debt Issue
Daryl Guppy, CEO of Guppytraders.com, urges a serious examination of the U.S. debt issue, calling current debt ceiling discussions mere political maneuvering that ignores troubling underlying problems.
CPC Leadership Outlines Economic Priorities for Second Half of 2024
At a recent meeting, the Communist Party of China (CPC) leadership analyzed the current economic situation and set priorities for the second half of 2024, emphasizing stability and progress amid global challenges.
Major Chinese Banks Lower RMB Deposit Rates in First 2023 Reduction
Six of China’s largest banks have lowered RMB deposit rates for the first time this year, marking the fifth reduction since September 2022, affecting demand and fixed deposits across various terms.
China Bolsters Private Sector Confidence with New Measures
China is boosting confidence in its private sector with new policies and measures, promoting high-quality development and strengthening the economy.
Indonesia Reassures Import Tariffs Not Targeted at China or Any Country
Indonesia’s Coordinating Minister Luhut Pandjaitan has clarified that the country’s proposed import tariffs are not targeted at China or any nation, emphasizing that measures are based on national interest.
Jeffrey Sachs Warns U.S. Against Severing China Supply Chains
Economist Jeffrey Sachs warns that U.S. efforts to sever supply chain ties with the Chinese mainland are disrupting global efficiency and could harm both economies.
Deepening Reforms Central to CPC’s 3rd Plenary Session, Says Tsinghua Dean
Deepening reforms will be the primary focus of the CPC’s upcoming third plenary session, according to Tsinghua University’s dean Xue Lan.
Kenyan Parliament Approves Controversial Finance Bill Amid Nationwide Protests
Kenya’s parliament has approved a contentious finance bill, advancing it to a third reading as thousands protest nationwide against proposed tax increases and economic measures.
China Introduces New Regulations for Fair Competition Reviews
Chinese Premier Li Qiang signs new regulations for fair competition reviews, mandating agencies to ensure policies promote open and unbiased business practices, effective from August 1.
China Eases International Cruise Docking Rules as Tourism Rebounds
China will implement a new policy from June 1 to encourage international cruise ships to dock at its ports, aiming to revitalize its cruise tourism industry as passenger volumes rebound significantly.
Lai Ching-te’s Economic Policies Signal Shift in Taiwan’s Cross-Strait Relations
Lai Ching-te’s inauguration as the new leader of the Taiwan region marks a shift in economic policy that could impact cross-strait relations with the Chinese mainland and reshape regional economic dynamics.
China’s Historic Real Estate Policies Expected to Revitalize Housing Market
China announces historic real estate policies aimed at boosting the housing market and fostering sustainable industry growth, including reduced down payments and lower mortgage rates.
China’s Manufacturing Profits Jump in Q1 2024 Driven by Policy Tailwinds
China’s manufacturing sector reports a 7.9% profit surge in Q1 2024, driven by supportive policies and robust demand, signaling strong economic momentum.