To support the growth of the Chinese economy, China in 2019 will continue to increase debt, analysts at UBS Group predict. The aggregate financing index in China, according to their estimates, will grow this year by 12%, accelerating the pace compared to a 9.8% increase last year. At the same time, the forecast assumes a slowdown in growth of China’s nominal GDP to 8% from 9.7% while maintaining moderate inflation. Thus, the ratio of total debt to GDP in 2019 will again show growth. Despite the positive impact of growing debt on the rise of the economy and the stock market in the short term, this situation may affect investor sentiment. In January, the volume of new loans issued by Chinese banks reached a record level, the data of the People’s Bank of China showed.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...