BEIJING China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. | Video
BEIJING Growth in China's real estate investment eased in September and home sales fell for the first time since April, as developers dialled back expansion plans amid economic uncertainties and as additional curbs on speculative investment kicked in.
BEIJING Growth in China's real estate investment eased in September and home sales fell for the first time since April, as developers dialed back expansion plans amid economic uncertainties and as additional curbs on speculative investment kicked in.
* Sept property investment +8.9 pct y/y vs +9.2 pct in
* China economy seen growing 6.6 pct y/y in Q3, vs 6.7 pct
BEIJING, Oct 17 China's new bank loans rebounded
in September after dipping in the two previous months, central
bank data showed, but overall credit conditions stayed tight in
an economy chilled by an ongoing tariff war with the United
* Overall credit conditions remain tight
(Adds details, analyst comment)
BEIJING Beijing is keen to show results after four rounds of policy easing, so China's big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets.
BEIJING At week's end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China's third-quarter growth will slow to its weakest pace since the global financial crisis.
BEIJING, Oct 7 China's central bank on Sunday
announced a steep cut in the level of cash that banks must hold
as reserves, stepping up moves to lower financing costs and spur
growth amid concerns over the economic drag from an escalating
trade dispute with the United States.