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Lusha Zhang

China unveils rate reform to steer funding costs lower for firms

Aug 17 2019

BEIJING China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United States.

Trade war keeps China's factories in reverse gear for third month

Jul 31 2019

BEIJING China's factory activity shrank for the third month in a row in July, an official survey showed, underlining the growing strains on the world's second-biggest economy as the Sino-U.S. trade war hits business profits, confidence and investment.

Profit growth at China's central government-owned firms drops to single digits

Jul 16 2019

BEIJING Profit growth at firms directly owned by China's central government slowed to the low single digits in the second quarter, hit by a cooling economy and sputtering global trade.

Property speculators hope for investment paradise in southwest China

Jul 12 2019

XISHUANGBANNA, China A bus came to a halt amid a tropical rainforest not far from China's border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow.

China's 2019 growth seen slowing to 6.2% as trade war weighs

Jul 10 2019

BEIJING China's economic growth is expected to slow to a near 30-year low of 6.2% this year, a Reuters poll showed on Wednesday, despite a flurry of support measures to spur domestic demand amid a bruising trade war with the United States.

China bank loans rebound, more policy easing may be needed

Jun 12 2019

BEIJING Chinese banks doled out more loans in May to support the slowing economy hurt by a trade war with the United States, with further policy easing likely even amid accelerating consumer inflation.

UPDATE 1-China May loans rebound, credit growth picks up on policy support

Jun 12 2019

* May new loans at 1.18 trln yuan vs forecast 1.225 trln yuan

China hikes tariffs on U.S. goods after Trump warning

May 13 2019

BEIJING China said on Monday it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, hitting back at a tariff hike by Washington on $200 billion of Chinese goods in a further escalation of a bitter trade war.

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