Chinese commercial banks are struggling with stagnant loan growth due to weak consumer and business confidence in the economy. As a result, banks are investing heavily in government bonds, as evidenced by a rally in Chinese sovereign bonds and record-low yields. Despite stimulus measures, total new yuan loans have decreased significantly, leading to concerns about deflation and a lack of quality borrowing demand. Authorities are focused on boosting consumption and lowering borrowing costs to revive credit demand, but uncertainty remains due to potential tariff actions and the need for strong domestic policy support.
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Inside Ikea’s new Oxford Street flagship store which will open tomorrow
IKEA will open a new store on Oxford Street, London, on May 1, 2025, after extensive renovations of the Grade II listed building at 214 Oxford Street. Spanning three floors, the store will showcase curated shops designed by Londoners, IKEA's iconic showroom, a Swedish Deli, and a unique Live Studio for exhibitions and interactive experiences. This opening is part of IKEA's strategy to enhance its city center presence, revitalizing Oxford Street amidst plans for pedestrianization...
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