Former chairman of Bank of China Liu Liange was arrested for suspected bribery, giving illegal loans, the official Xinhua news …
Monthly Archives For October 2023
Former Bank of China chairman arrested for corruption
The state-owned bank reported in February that its former chairman had stepped down and was removed from his position as Communist Party chief.(FB/BOC) BEIJING: The former chairman of the Bank of …
China’s Financial Tightrope: PBOC Injects Liquidity but Maintains Interest Rates
In the heart of Beijing, a financial showdown is taking place. The People’s Bank of China (PBOC) is wielding its monetary might, injecting a colossal 789 billion yuan ($107.96 billion) into the …
U.S. Government Targets Low-Performance Semiconductors in China Trade Battle
The U.S. may strengthen semiconductor export controls against China, potentially impacting Nvidia’s low-performance chips for export.
How China’s EV Boom Caught Western Car Companies Asleep at the Wheel
Auto execs in the US, Europe, and Japan never thought Chinese EVs were a threat. Now they’re coming to wipe the floor with their Western counterparts.
Editorial: 3-way talks between Japan, China, South Korea should be advanced
Confidence-building between Japan, China and South Korea is the key to peace and prosperity in East Asia. Officials should swiftly move ahead to prepa･･･ …
China’a Q3 GDP growth seen slowing to 4.4% as headwinds persist: Reuters poll
China’s economy is expected to have slowed in the third quarter as demand at home and abroad faltered, but increased support from the government means Beijing may still be able to achieve its …
China’s Xi’s $1.3 trillion ‘project of the century’ faces uncertain future
China’s overall activity in BRI countries is down about 40 per cent from its 2018 peak. Read more at straitstimes.com.
The U.S. Can Still Avoid War With China Over Taiwan
For a half-century, America has avoided war with China over Taiwan largely through a delicate balance of deterrence and reassurance. That equilibrium has been upset. China is building up and flexing its military power; hostile…
China Property: Private Equity’s role is the new hot potato
Ping An Real Estate — with 110 billion yuan in assets — held around 10 billion yuan in cash, covering only half of its interest-bearing debt due in the next 12 months. Its business operations…
China’s Economy: A Sleeping Dragon in Troubled Waters
As the morning sun illuminates Beijing’s skyline, a sense of unease permeates through the bustling city. China, the world’s second-largest economy, finds itself in troubled waters. The indicators of …
China ramps up liquidity support to banking system
China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the risk of more …
Ex-Bank of China boss arrested on bribery charges
The former chairman of the Bank of China has been arrested over suspicions of bribery and giving illegal loans. Liu Liange, chairman of the state-owned bank from 2019 to 2023, had resigned from his …
