China’s state-owned Bank of Communications has agreed to provide a Rmb120bn ($16.8bn) credit line to Chinese developer Vanke and Midea Real Estate, in a clear sign of greater government support for …
Monthly Archives For November 2022
GLOBALink | Foreign bankers upbeat on China’s finance market despite challenges
Yi Gang, governor of the People’s Bank of China (PBOC), the country’s central bank, said at the forum that as the Chinese economy is faced with challenges and downward pressure this year, China’s …
China central bank outlines 16 steps to support property industry
China central bank on Wednesday issued a notice outlining 16 steps to support the ailing property industry, including loan repayment extensions, in a major push to ease the deep liquidity crunch which …
China State Council Pledges to Cut Banks’ Reserve Requirement Ratio to Support Economy — WSJ
China’s State Council on Wednesday pledged to support the nation’s economy by measures including cutting banks’ reserve requirement ratio, as the …
China widens COVID curbs, iPhone factory unrest adds to economy worries
Chinese cities imposed more curbs on Wednesday to rein in rising coronavirus cases, adding to investor worries about the economy, as fresh unrest at the world’s largest iPhone plant highlighted the …
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct …
Beijing continues to battle mounting case count
Every district in Beijing should make their own plans for epidemic control measures according to their situation and make adjustments dynamically until the turning point occurs, he said. “Beijing …
Fearing Lockdown, Beijing’s Delivery Workers Camp Outside
Food delivery drivers in Beijing have said they have been living on the streets to continue working and earning after their residential buildings were locked down amid a surge in coronavirus …
How China, the world’s top polluter, avoids paying for climate damage
Analysts say it is unlikely China will pay into the historic climate fund agreed to at the U.N. climate conference to support vulnerable countries.
Austin warns of Beijing’s ‘dangerous behavior’ in meeting with China’s defense chief
Defense Secretary Lloyd Austin met on the sidelines in Cambodia with China’s defense minister on Tuesday to discuss global security tensions and to urge his counterpart in Beijing to keep an open line of communication.
IMF urges China to boost COVID vaccinations, restore property sector confidence
The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector to restore confidence and reduce risks from a …
IMF Says China Needs to Adjust Covid Policy, Support Property
While China weathered the initial impact of the pandemic well, growth has since slowed and remains under pressure because of Covid, the property sector and weakening global demand, the IMF said. It …
Stick-wielding men smash surveillance cameras at China iPhone plant
Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple supplier Foxconn in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video …
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