China Moves to Ease Debt Concerns but Again Holds Off on Stimulus Measures

China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures

Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.

World - The Wall Street Journal - November 8

China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures

The People's Bank of China said it would keep the one-year loan prime rate at 3.1%, while holding the five-year LPR at 3.6%.

Business - CNBC - 3 days ago

Market responds negatively to latest China stimulus moves

Futures on Hong Kong-listed stocks slumped on Friday after the country unveiled its stimulus program.

Business - MarketWatch - November 8

Mixed news on China’s stimulus

And regional banks as a Trump trade

World - Financial Times - November 11

N.C. senator's office allegedly told woman to 'move to China' after she expressed abortion concerns

A North Carolina lawmaker is going viral on TikTok after his office allegedly told a female constituent in an email to “move to China” after she raised concerns about the state’s abortion policy.

Yin Ruoning shoots 65 to win in Malaysia. She holds off Jeeno Thitikul, who finishes runner-up again

Starting her final round in a three-way tie for the lead, Yin Ruoning shot a 7-under 65 to win the LPGA Tour’s Maybank Championship in Malaysia by one stroke for her second title this month

Sports - ABC News - October 27

China Isn't Planning a 'Bazooka' Stimulus---at Least Not This Year

Hopes that China is awaiting the results of the U.S. election to unveil a huge stimulus package are unikely to be fulfilled, though a smaller package is expected soon.

World - The Wall Street Journal - November 4

China approves $840B plan to refinance local government debt, boost slowing economy

China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economy

World - ABC News - November 8

Oil ends down on the day, up for the week on conflicting supply-demand prospects

Oil futures finished lower on Friday, with China’s latest round of stimulus measures failing to lift expectations for energy demand in the face of President-elect Donald Trump’s support for more ...

Business - MarketWatch - November 8

Young adults are holding off on moving out of their parents' house — here's what's behind the trend

About 1 in 3 adults ages 18 to 34 in the U.S. are living with at least one of their parents as a way of saving money.

Business - CNBC - 5 days ago

Economist on whether the national debt is cause for concern

The national debt has reached a staggering $35 trillion, yet some economists argue it's not a problem. Stephanie Kelton, author of "The Deficit Myth," joins "CBS Mornings Plus" to explain how ...

Western consumer groups unconvinced by China’s economic stimulus efforts

Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidence

Business - Financial Times - October 31

China’s lawmakers gather to approve long-awaited fiscal stimulus

Local governments have been weighed down by trillions of dollars of debt

World - Financial Times - November 4

Trump win and threat of more tariffs raises expectations for more China stimulus

Donald Trump's presidential win has raised the bar for Beijing's fiscal stimulus plans, expected Friday.

Business - CNBC - November 7

BHP chief sees signs of recovery in China after September stimulus

Mike Henry says ‘green shoots’ in property, where miner’s iron ore and copper fuel construction

World - Financial Times - November 7

China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

Business - CNBC - November 8

Hong Kong stocks fall as China’s stimulus package disappoints

Hang Seng index down 1.5% after Beijing unveils $1.4tn plan to restructure local government debt but no consumer support

Business - Financial Times - November 11

U.S. oil benchmark settles below $70 a barrel on China stimulus disappointment

Oil futures settled at their lowest in nearly two weeks Monday following disappointing economic data from China, the world’s largest crude importer, and expectations for higher U.S. production once ...

Business - MarketWatch - November 11

Can Trump's Hardball Tactics on China Ease America's Fentanyl Crisis?

The president-elect says he will punish China if it doesn’t choke off the flow of ingredients, but Beijing could balk if relations between the countries sour.

World - The Wall Street Journal - 4 days ago

Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases

Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.

Business - MarketWatch - November 14

AstraZeneca Probe in China Adds to Concerns for Foreign Businesses

An investigation involving the drugmaker’s China president is the latest crackdown to trigger uncertainty in the industry about Beijing’s intentions.

Business - The Wall Street Journal - October 31

What is and isn’t concerning about China’s AI surprise

If we can avoid policy missteps at this critical moment, the AI race is ours to win.

Politics - The Hill - November 14

UK’s Starmer to hold talks with China’s Xi

Prime minister intent on strengthening relations with Beijing despite tensions over security and human rights

World - Financial Times - 5 days ago

China unveils 10tn yuan support for debt-stricken local government

Cash stops short of hoped-for ‘bazooka option’, with critics calling it ‘an accounting exercise’ that will not bolster growth. China has announced 10tn yuan in debt support for local governments ...

World - The Guardian - November 8

3 important credit card debt relief moves to make this November

Dealing with credit card debt issues? You may want to take these steps toward debt relief this month.

Biden makes moves to cancel Ukraine’s debts ahead of Trump’s inauguration

The Biden administration is seeking to cancel $4.65 billion worth of debts owed to the U.S. by Ukraine ahead of Donald Trump’s inauguration on January 20 2025.

Business - MarketWatch - 2 days ago

China gears up for a big week as markets await U.S. elections and stimulus details

The size of China's highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts say.

Business - CNBC - November 3

China's vice premier vows to boost Hong Kong competitiveness, says stimulus push has 'benefited' the city

Chinese Vice Premier He Lifeng and several top financial policymakers have gathered at the third Global Financial Leaders Investment Summit.

Business - CNBC - 4 days ago

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - October 30

China consumer slowdown weighs on U.S. earnings again

From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.

Business - CNBC - November 5

What happens when a credit card charge-off is sold to a debt collector?

Has your charged-off debt been sold to a debt collector? Here's what you can expect to happen next.

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