China hits out at EU over EV draft findings, warns damage to ties (GT)
2024-08-22
China’s Banks Approve $196 Billion in Loans to Support New Home Delivery (Caixin)
2024-08-22
Chinese banks have committed 1.4 trillion yuan ($196 billion) in loans to support more than 5,000 real estate projects that qualify for a financing support program aimed at reviving the struggling housing sector. The funding was approved under a financing coordination mechanism launched in January, designed to ensure viable projects can secure the finance needed to complete construction and deliver new homes to their owners. A total of 5,391 projects have been selected by local authorities for a whitelist to access this support, Liao Yuanyuan, a senior official at the National Financial Regulatory Administration (NFRA), said at a briefing on Wednesday. In January, the NFRA and the Ministry of Housing and Urban-Rural Development (MHURD) established a coordinated financing mechanism for the property sector. Under it, local governments and banks assess individual housing projects, rather than the developers behind them, and approve a whitelist of projects eligible for targeted support.
China opens tit-for-tat trade probe into EU dairy products day after bloc’s EV tariff move (SCMP)
2024-08-21
Offshore yuan strengthens against dollar as economy stays resilient (GT)
2024-08-21
China approves record 5 major nuclear power projects, speeding green transition (GT)
2024-08-20
Warnings of overcapacity in China’s ride-hailing sector spread amid weak demand (SCMP)
2024-08-19
China’s summer box office revenue tops 10b yuan; cultural, tourism consumption continuing to boost Q3 economic growth (GT)
2024-08-18
China puts private sector policy on the front burner after July data disappoints (SCMP)
2024-08-18
China’s top market regulator issues draft rule on penalties for monopolistic practices (GT)
2024-08-16 ^ top ^ |
