BEIJING, Sept 28 - China's Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on Thursday, a move that puts him on track to become the next finance minister.
Lan began his career at the finance department of the southern Guangdong province in 1985, after graduating from the Hubei University of Finance and Economics, and became a vice provincial chief in 2016, according to his profile. The world's second-largest economy is showing some signs of stabilising after a flurry of modest policy measures, but the outlook is clouded by a property downturn, aging demographics, high debt and geopolitical tensions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China appoints Lan Foan as new finance ministry party chiefBEIJING (Reuters) - China's Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
China appoints Lan Foan as new finance ministry party chiefBEIJING (Reuters) - China's Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Market mind: Dollar glimmers in broad market gloomGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Market mind: Dollar glimmers in broad market gloomA look at the day ahead in European and global markets from Tom Westbrook German and Spanish inflation data and European consumer confidence data due today ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holidayTOKYO (AP) — Asian shares were mostly lower Thursday in subdued trading on looming worries about China property woes. Trading in shares of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong. That followed media reports that the chairman of Evergrande, Hui Ka Yan, had been taken away earlier this month and placed under police watch. Evergrande is the world’s most heavily indebted real estate developer and is at the center of a property market crisis that
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
The IPO market looks to bounce back in 2024The IPO market has been a mixed bag this year as many listings displayed generally lackluster performances in raising funds. Hope may be on the horizon for the IPO market as, according to data compiled by Bloomberg, September was a banner month, with companies like Arm Holdings (ARM), Instacart (CART), and Klaviyo (KVYO) debuting on exchanges and raising $7.2 billion dollars. Yahoo Finance's Akiko Fujita and Rachelle Akuffo break down the sentiment for the IPO market going into the next fiscal year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »