Chinese Mainland Banks Cut Mortgage Rates to Support Real Estate
Major banks in the Chinese mainland have reduced existing mortgage rates by an average of 50 basis points, following the central bank’s rate cut to support the real estate sector.
Economy
China’s Tennis Boom Ignites $5.16B Market and Future Growth
China’s tennis scene is booming post-Paris Olympics, with participation expected to hit 23.81 million in 2024 and the industry valued at $5.16 billion.
China Leads BRICS Expansion: Empowering the Global South
China champions BRICS expansion, representing half the world’s population and driving Global South unity through key initiatives.
G20 Finance Chiefs Optimistic on Global Economy, Reject Protectionism
G20 finance ministers express optimism for a soft global economic landing and oppose protectionism, while deferring discussions on geopolitical conflicts.
Chinese President Xi Jinping Participates in BRICS Plus Dialogue in Kazan
Chinese President Xi Jinping joins BRICS Plus leaders’ dialogue in Kazan, emphasizing strengthened economic and political ties among emerging economies.
New Policies Propel China’s Real Estate Boom in Major Cities
China’s real estate sector is booming with new policies boosting major cities. CGTN’s Zheng Songwu explores the impact in Chengdu.
Olaf Scholz Champions Open Trade, Rejects Protectionism and Trade Wars
German Chancellor Olaf Scholz speaks out against protectionism and trade wars, emphasizing the importance of open trade and international cooperation for Germany’s economy.
China Cuts Benchmark Lending Rates to Spur Economic Growth
The Chinese mainland cuts key lending rates for the third time this year, aiming to reduce financing costs and boost economic growth, according to experts.
China’s Economy Surges by 4.8% in First Three Quarters, Surpassing Expectations
China’s economy grew by 4.8% year-on-year in the first three quarters of 2024, with industrial output and retail sales exceeding expectations.
Financial Street Forum 2024 Opens in Beijing to Foster Economic Stability and Growth
Financial Street Forum 2024 kicks off in Beijing, focusing on economic stability and growth. Industry leaders discuss China’s recovery and boosting foreign investment confidence.