The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai’s benchmark gave up a 10 percent initial gain as markets reopened after a weeklong holiday to trade just 3 percent higher.
The NDRC’s chairman, Zheng Shanjie, said China was still on track to attain its full-year economic growth target of around 5 percent. But he acknowledged the economy faces difficulties and an increasingly “more complex and extreme” global environment. A modest package of 1.5 to 2 trillion yuan is more reasonable to expect in the near-term, she said, with another 2 to 3 trillion yuan in 2025.
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My two favorite books on business, and they are not about businessJUNE 3 was the centenary of the death of my favorite classic writer Franz Kafka. This column is about the two books (actually, one is a novel; the other, a play) that, while not about business, are the ones that I now look back on and had the most profound lessons about business (and many other things) for me.
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China And UK Business Leaders Pledge To Strengthen TiesBusiness leaders from China and the United Kingdom met in London to discuss strengthening business ties. The event focused on Beijing Financial Street (BFS) and its potential for investment.
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China woes dent business sentimentHONG KONG — Equity investors trod cautiously Monday as they struggled to build on recent equity gains, with debate swirling around how big an expected US interest rate cut will be this week, while sentiment was being dragged by worries about the Chinese economy.
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