Interest Rate Cut; Government Bonds Supporting Macro Policy; Evergrande Land Seized; Tightening Tech Regulation; SenseTime Resumes HK IPO; New Schools for Iraq; Fresh Faces in Beijing.
Intelligence and Insights on China's government actions, foreign policy, economy, and the capital markets.
China’s online Livestream queen Viya received a record fine of over $200 million over tax evasion. Fiscal stimulus is directed by the Ministry of Finance in advance to flow into infrastructure expansion to support economic growth in 2022. The Central Bank cut its one-year loan rate by 5 basis points, significant in gesture albeit small in scale.