China has appointed Lan Fo’an as the Communist Party chief at the Ministry of Finance, a move that will pave the way for him to become finance minister.
Monthly Archives For September 2023
Made in China: Viral Chinese fashion brands eye Singapore as gateway to South-east Asia
Seeking global expansion, Duozoulu, Puyi Optical and Neiwai are bringing their viral success here. Read more at straitstimes.com.
China’s Dalian Wanda in Talks to Avert $4 Billion IPO Repayment -Bloomberg News
(Reuters) – China’s Dalian Wanda Group has started negotiations on a proposal that would allow the conglomerate to avoid repaying about 30 billion yuan ($4.11 billion) to investors in its shopping …
The Country Standing Up to Beijing in the South China Sea
The Philippines swears it will not back down if China continues to block Filipinos from traditional fishing waters in the contested South China Sea.
The markets don’t accept the fact that Beijing won’t release a bazooka-style stimulus: Strategist
Michael Every of Rabobank discusses China’s policy response to the current economic weakness, saying that it is clear that Beijing no longer wants to pursue “artificially high rates of growth” with …
China, Germany Resume High-Level Financial Talks After COVID-19
Chinese Vice Premier He Lifeng will co-chair the dialogue with German Finance Minister Christian Lindner, ministry spokesperson Mao Ning said at a regular news conference.
WISCO, China Unicom, ZTE win ‘Outstanding Use Case: Private Wireless Networks’ award at 2023 Leading Lights Awards
The ‘1+N+X’ 5G construction and application model provided by ZTE in WISCO has been successfully replicated in multiple steel projects in China.
Micron revenue halved in FY23 as China ban bites
Reason for the ban still a mystery – but most have their guesses Memory maker Micron Technology’s revenue nearly feel by almost half year-on-year, partly thanks to the effect of China’s unpexplained …
Chinese EV Battery Parts Maker Londian Planning US IPO, Sources Say
Most Read from Bloomberg China Puts Evergrande’s Billionaire Founder Under Police … Londian is looking to raise about $500 million through the IPO and a pre-IPO funding round, the people said. A …
Shenzhen Extends Application Deadline for 2021/2022 IIT Subsidy to October 20
Shenzhen has extended the IIT subsidy application deadline for foreign and in-demand talent to October 20, 2023, from 30.
Taiwan unveils first domestically built submarine as China threat grows
Taiwan unveiled its first-ever domestically built submarine on Thursday, an accomplishment the island democracy’s leader hailed as a significant milestone as Taipei works to boost its military deterrence in the face of a growing threat…
Bank of China Sees Yuan Emerging as Global Financing Currency
Global issuers are increasingly keen to sell yuan bonds to take advantage of the low rates, setting up the currency to be a potential financing vehicle, according to the top underwriter of such notes …
China Bank Earnings May Fall 10% on Bad Loans, JPMorgan Says
Chinese banks’ earnings may fall as much as 10% in 2024 if their bad debt ratios continue to rise on defaulting developers, according to JPMorgan Chase & Co. analysts. Developers’ nonperforming loan …
