China s US debt holdings at lowest in over 12 years chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
China s US debt holdings at lowest in over 12 years chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Following the shockwaves from the collapse of Silicon Valley Bank (SVB) weighed on global bank stocks, China’s stock indexes also dipped on Tuesday due to negative sentiment in global financial markets, but experts said that the country’s capital market will quickly stabilize, supported by China’s strong economic recovery and measures to stave off financial risks.
Multiple listed Chinese pharmaceutical firms said on Monday and Sunday that Silicon Valley Bank (SVB)’s bankruptcy will have only limited impact on their operations with their financials remaining on track.
China s economic rebound is foreseeable, with growth of about 5 percent fully achievable, backed by multiple factors including a strong domestic consumption revival in the first quarter of 2023, Kang Yi, head of the National Bureau of Statistics (NBS), told a press conference during the two sessions, on Sunday.