China’s central bank faces a looming test of its resolve to curb the financial stability risks it sees in a rallying bond market as it runs counter to its view of the economy by depicting…
Monthly Archives For June 2024
China set to hold key rate as margin pressure, weaker yuan hamper policy easing
China’s central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed. Worsening interest margins and a …
China promoting authoritarian governance in developing world: report
China has organised seminars and training courses for officials in African and Latin American countries, aimed at promoting its single-party system and President Xi Jinping’s worldview, a report said …
Beijing and Mastercard unveil priceless project to elevate tourist experiences
The Beijing bureau signs a memorandum of understanding with MasterCard at the ceremony. [Photo provided to China Daily] The Beijing Municipal Culture and Tourism Bureau has teamed up with Mastercard …
China Evergrande’s ex-CEO sells Hong Kong home at almost half of purchase price
China Evergrande’s former CEO, who Chinese regulators recently said was “uncontactable”, has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to …
China firms seek anti-dumping probe of EU pork imports, ramping up tensions
By Mei Mei Chu BEIJING (Reuters) -Chinese firms have formally applied for an anti-dumping probe into pork imports from the European Union, the state-backed Global Times reported, escalating tensions …
Beijing slams UK judge who quit Hong Kong’s top court for ‘slandering’ rule of law
Beijing’s liaison office and national security arm in Hong Kong says Jonathan Sumption ‘blatantly violated’ rule of not commenting on ongoing proceedings, breaching professional conduct.
China needs bond market reforms to rein in soaring debt, S&P Global says
Despite government efforts, debt levels continue to surge even as nominal GDP growth has slowed down, the rating agency said in a report on Thursday.
China says 2 military employees sold 60 pounds of secret documents to a recycling plant, allowing a shopper to bag 4 volumes for under $1
Two personnel tasked with disposing the 200 documents instead sold them all to a recycling plant for a profit of less than $4, authorities said.
China banks walk narrow path past property crisis
China’s major banks appear to have pulled off an impressive feat. Their balance sheets have so far managed to avoid imploding as the property bubble bursts in the world’s second-largest economy. Now a …
Ukraine’s peace summit lacks clout as Russia, China and others stay away
Ukraine’s leadership has been talking about this weekend’s peace summit in Switzerland for months, trying to drum up enthusiasm for Kyiv’s peace plan.
Why China Is Sabotaging Ukraine
For Beijing, ties to Russia are of great strategic significance. China and Russia share a 2,600-mile border, and Russia provides China with cheap natural resources and even some advanced military technologies. Xi also benefits from…
China Premier Li visits Auckland, stirring up hope of new trade
Chinese Premier Li Qiang arrived in New Zealand’s northern hub of Auckland on Friday, stirring up hope of new trade avenues among the country’s business leaders. The New Zealand China Council — which represents some of…
