For reference, a U.S. big bank’s interest rate for loans for small businesses is set between 5% and 11%, fully taking into account risk-based pricing. China is experiencing an economic downturn, and w… ( read…
Monthly Archives For January 2019
China will cut banks’ reserve requirements, taxes: Premier Li
China will also step up “countercyclical adjustments” of macro policies and further cut taxes and fees, Li said. Li made the statement at a meeting with officials of the country’s banking and insuranc… ( read…
China urges banks to boost small business financing
and Bank of China and hosted a forum at the China Banking and Insurance Regulatory Commission, according to a cabinet statement. Mr Li said the government would increase counter-cyclical adjustment po… ( read original story…
China stocks rebound, financial firms lend support; Hong Kong rises
SHANGHAI, Jan 4 (Reuters) – China stocks bounced back from a more than four-year low on Friday, as optimism about trade talks with the United States helped sooth investor nerves and after a private su……
China, U.S. Vice Ministers to Hold Trade Talks Starting Monday
(Bloomberg) — Sign up for China Rising, a new weekly dispatch on where China stands now and where it’s going next. China said a U.S. delegation will visit next week for trade talks, confirming the…
Beijing confirms US trade talks amid rising diplomatic tension
Chinese officials are set to meet with their US counterparts for trade talks in Beijing on January 7 and 8 … last month of Meng Wanzhou– Chinese telecoms group Huawei’s chief financial officer – in…
Young Beijing shoppers’ appetite for latest iPhones wanes
There were long queues around the block when Apple opened its first store in China, in Beijing’s trendy Sanlitun shopping … a 26-year-old working in finance, who was browsing inside a small Huawei s… (…
China lands spacecraft on ‘dark’ side of moon
The landing on Thursday was announced to the public by state broadcaster CCTV at the top of the noon news. “On the whole, China’s space technology still lags behind the West, but with the landing…
China says discussing charges against imprisoned Canadians not ‘convenient’
The news becomes public on Dec. 5. Dec. 6: China demands Canada release Meng and “immediately correct the mistake” officials made in arresting her. The Chinese also say they were not briefed on the re……
China warns cities to cut reliance on property, developers’ shares fall
SHANGHAI/BEIJING (Reuters) – China’s regional economies need to reduce their reliance on the property market for growth and instead focus on sustainable longer-term development, the Communist … ( read original story …)
As Apple feels the pinch of China’s stumbling economy, experts fear Canada is next
While Apple’s stunning announcement this week shook financial markets, its cause could shake the … But there could be a much larger indirect effect, given China’s outsized impact on the global econo… ( read original…
The real reason Apple is struggling in China: Its iPhones are priced at stratospheric levels
Apple Inc.’s falloff in demand for iPhones in China shows the company’s flagship product is hurt by its high price and the rise of cheaper, more comparable competitors in the world’s biggest … ( read…
KBank looks to startup tech to support the digital bank
KBANK China has plan to inject Bt8 billion in Chinese startups within the next five years in order to utilise disruptive technology to support the digital bank. Vongpat Bhuncharoen, president of KBank … ( read…