China focus

The Hang Seng China gauge has now lost 17% since its October peak. The CSI 300 is down more than 8%.

China will raise local governments’ debt ceiling to 35.52 trillion yuan, which will allow them to issue six trillion yuan in additional special bonds over three years to swap hidden debt.

There was an unspoken assumption that China was exporting EVs to Europe while ignoring the home market.

Exports rose 12.7% from a year earlier to US$309 billion, the customs administration said Thursday, significantly exceeding any economist’s forecast.

Upmarket brands are scrambling to adjust strategy after being wrongfooted by the rapid downturn in Chinese spending.

Morgan Stanley in September debuted a new gauge of distress that could be used to predict policy swings in China.

A total of 1,954 VC funding deals were announced in China during the same period.

While forward earnings per share projections for members of China’s benchmark CSI 300 Index have seen an upward revision of about 1.5% since a September trough, they remain close to a six-year low.

The senior minister, who spoke at the FutureChina Global Forum on Oct 18, also touched on the Chinese economy, China’s fundamental change and more.

The CSI 300 Index ended the day 1.1% lower, taking its declines from an Oct. 8 high to about 11%.