Tag: finance
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China’s “too big to fail” property giant is facing serious challenges
Author: Marián Šeliga, Head of China desk at J&T Bank The Chinese property developer Vanke* is facing the most challenging period in its history. Since the onset of the COVID-19 pandemic, strict deleveraging measures introduced under President Xi Jinping, together with a steep fall in apartment sales, have placed many Chinese property developers under severe…
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Anticipated Trends in China’s Economy for 2024: Insights from a Press Conference on March 6, Featuring Prominent Chinese Speakers
Image: By Xinhua On the afternoon of March 6, the second session of the 14th National People’s Congress held an economic-themed press conference. Director of the National Development and Reform Commission Zheng Shanjie, Minister of Finance Lan Fo’an, Minister of Commerce Wang Wentao, Governor of the People’s Bank of China Pan Gongsheng, and Chairman of…
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Navigating China’s Economic Outlook: Anticipating a Downturn or a Renewed Market Confidence?
Written by: Marián Šeliga As the Lunar New Year in China officially starts today (February 10), we would like to undertake a comprehensive summarization of China’s economic performance in 2023. Additionally, forecasting for the upcoming year is essential. This analysis gains heightened significance in light of the escalating scepticism towards China’s economy. Contents: 1. China’s…
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