Covid infections are surging in Beijing, disrupting official government work and keeping people at home after authorities made an about-turn in their policy of keeping virus cases under control.
The outlook for China’s US$2.6 trillion housing market remains gloomy despite the rescue measures rolled out by the central government this week, Moody’s Investors Service said on Thursday.
A market rally that started on Friday continued on Monday, and the yuan strengthened against the US dollar, but experts say economic uncertainties remain in the face of China’s zero-Covid policy.
Chinese regulators have announced three more officials in Henan province are facing disciplinary investigation, while a third round of repayments to depositors caught up in the rural banking scam will start on Monday.
The China Banking and Insurance Regulatory Commission has urged Chinese banks to increase loan support for real estate developers so they can complete unfinished projects