Moreover, we view the recent appointment of Guo Shuqing as head of the China Banking Regulatory Commission (CBRC) as a clear sign that authorities are intent on accelerating NPL resolutions and unwinding excess leverage in…
Posts By admin
China's banking regulator eases bad loan rules to help lenders: sources
SHANGHAI China’s banking regulator on Wednesday relaxed the rules for the transfer of non-performing loans, allowing lenders to sell soured debt in bundles of three from the previous 10, three sources with direct knowledge told…
China forex chief says no intention of competitive currency devaluation
BEIJING China has no intention and no need to carry out competitive currency devaluations, the head of the country’s foreign exchange regulator said. In a weekend piece in the Chinese magazine Modern Bankers, Pan Gongsheng…
Kushner family in Beijing: 'Invest $500,000 and immigrate' to US
BEIJING (CNNMoney) – The Kushner family hopes to lure investments from wealthy business owners in China with the promise of American visas. Nicole Kushner Meyer, the sister of White House adviser and President Trump’s son-in-law…
World Bank warns of China debt risk from backdoor local borrowing
The World Bank has warned that Chinese local governments remain addicted to off-budget borrowing, despite Beijing’s efforts to impose fiscal discipline on localities and curb ballooning debt. Runaway growth of local government debt is widely…
Mike Brewer Brands Edd China A “Traitor” For Leaving Wheeler Dealers
Wheeler Dealers won’t be the same without Edd China. Looks like Mike Brewer is struggling to cope with that fact. Back in March, regular viewers of Wheeler Dealers were left devastated when the much-loved mechanic…
GM China sales fall 1.9%, luxury brands up in April
Attendees visit the General Motors Co (GM) Cadillac booth at the Auto Shanghai 2017 vehicle show in Shanghai, April 20, 2017. [Photo/VCG] CHICAGO – General Motors (GM) announced on its website Thursday that the US…
China's WeChat blocked in Russia
WeChat, known as Weixin in China, is the world’s most popular messaging service, with 889 million global users by the end of 2016. As well as messaging, it also offers payment, ride-hailing and other services,…
China cheers passenger jet’s maiden flight as country takes first step toward airline big leagues
COMAC is now seeking certification from Europe’s aviation safety regulator. But Richard Aboulafia, an aerospace analyst at Teal Group, told Bloomberg News that China may have to wait till its next aircraft to really break…
China demands Taiwan free injured fishermen
China’s Taiwan Affairs Office said two Chinese fishermen were injured in the incident near Penghu, also known as the Pescadores, on Saturday morning, state news agency Xinhua said. “This morning’s shooting incident which injured mainland…
Being all black puts Kiwi products on the back foot in China
New Zealand’s obsession with all things black is putting Kiwi-made products on the backfoot in China, a China expert says. A survey by New Zealand-Chinese company the Magic Group found health and skincare products manufactured…
China making progress on North Korea, says Malcolm Turnbull
“China has, the greatest leverage and therefore the greatest responsibility,” Mr Turnbull told Fox News ahead of his return to Australia. Mr Turnbull seized on the “bitter resentment” North Korea had recently expressed against China.…
‘Dangal’ to get wide release across China
Aamir Khan’s movies have being doing well in China. And after a much lauded PK, Khan’s new hit Dangal got a wide release in the country on Friday, the producers have said. The number of…
ADVERTISEMENT
