2024-09-27 09:00:09
Markets
Economy
Business
China’s Stock Market Surge Amid Stimulus Measures
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Politics - South China Morning Post
Politics
Economy
Finance
Xi calls for supporting private sector to revive economy; Hong Kong surpasses Singapore as Asia's top finance hub; China's first known ICBM test in 44 years.
t-online
China's economy weakens: Profits plunge sharply
Economy
Environment
China's industrial profits have shrunk sharply in August, which is attributable to decreased demand and natural disasters such as high temperatures and floods. Profits in the first eight months increased by only 0.5 percent. Declining profits in the automotive and equipment industries further burdened the result. To promote the economic recovery, the Chinese central bank has decided on the strongest economic stimulus measures since the pandemic.
The Guardian
Chinese stocks on track for best week since 2008 after Beijing stimulus – business live
Finance
Politics
Economy
Chinese stocks are poised for their best week since 2008, driven by stimulus measures to revitalize the faltering economy. The CSI 300 index rose 3.5%, aiming for a 15% weekly gain, while Hong Kong’s Hang Seng index increased by 2.7% and is on track for a near-13% weekly rise, its largest since 1998. Additionally, mainland Chinese property stocks surged by 20% this week. Investors are optimistic that measures, including interest rate cuts and property market support, will bolster the economy...
New York Times - Asia Pacific
China Stocks Soar in Biggest Single-Week Jump Since 2008
Finance
Politics
Economy
China's stimulus drove CSI 300 index of big Chinese companies' 14.9% weekly surge, including 3.8% Friday, Hang Seng's 12.9% - biggest since 2008 crisis. Mainland stocks positive in 2024, Hong Kong up 21% - reversing lag vs other Asia, US markets. Gains seek to shore up public confidence, persuade consumers, home buyers to spend amid falling prices, weak retail, housing meltdown.
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