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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending
Posted inBank of China Banking and Financial Institutions Beijing (China) China Consumer Behavior Industrial and Commercial Bank of China Ministry of Commerce (China) People's Bank of China Peoples United Financial Inc

China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.
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Posted by By Daisuke Wakabayashi
Hong Kong Asks Court to Stop Protest Anthem From Circulating Online
Posted inCensorship China Google Inc Hong Kong Hong Kong Protests (2019) Politics and Government Social Media

Hong Kong Asks Court to Stop Protest Anthem From Circulating Online

Efforts to ban “Glory to Hong Kong,” a song popularized during pro-democracy protests in 2019, could set up a legal battle between tech giants and Hong Kong.
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Posted by By Chang Che
World Bank Projects Weak Global Growth Amid Rising Interest Rates
Posted inBanking and Financial Institutions China Coronavirus (2019-nCoV) Credit and Debt Developing Countries Economic Conditions and Trends Europe Inflation (Economics) Interest Rates International Trade and World Market Poverty Recession and Depression United States United States Economy World Bank

World Bank Projects Weak Global Growth Amid Rising Interest Rates

A new report projects that economic growth will slow this year and remain weak in 2024.
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Posted by By Alan Rappeport
Investors Sour on China’s Stocks, Renewing Fears About Economy
Posted inChina Economic Conditions and Trends Hong Kong Stocks and Bonds

Investors Sour on China’s Stocks, Renewing Fears About Economy

They initially reacted enthusiastically to China’s reversal of pandemic restrictions but have since taken a dimmer view of the country’s recovery.
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Posted by By Vivek Shankar

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