china

Citi completes sale of Chinese consumer unit to HSBC

The deal, including the transfer of 300 employees and around $3.6bn of assets and deposits, was announced in October 2023 as part of a wider strategy by Citi, which has now closed sales of consumer units in nine markets.
June 11, 2024

Should markets worry about imported deflation?

With many eyes on China, exporting softer consumer prices from one economy to another is not an ideal solution for central banks facing an uncertain inflationary outlook. After its first rate hike in years, investors could look to Japan for lessons.
March 26, 2024