China’s economy grew faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 per…
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China's Ant hikes MoneyGram bid by over a third, beats rival U.S. offer
BEIJING China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory…
China first-quarter GDP grows faster than expected 6.9 percent, steel output hits record
The strong reading should help underpin wobbly global financial markets but adds to worries that China’s government is still relying too heavily on stimulus and “old economy” growth drivers and is not doing enough to…
China's GDP expanded at 6.9% pace in Q1, better than expected
China’s economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 per cent annual pace of expansion for the world’s second-largest economy, reported Monday, surpassed…
China's Ant hikes MoneyGram bid by more a third, beats rival U.S. offer
BEIJING China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory…
China’s car dilemma: Beijing wants electric, buyers want SUVs
Automakers face a dilemma in China’s huge but crowded market: Regulators are pushing them to sell electric cars, but buyers want gas-guzzling SUVs. The industry is rattled by Beijing’s proposal to require that electric cars…
China's economy gains steam; 1Q growth fastest since 2015
HONG KONG — China’s economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 per cent annual pace of expansion for the world’s second-largest economy,…
China's first-quarter property investment accelerates, defying curbs
BEIJING Real estate investment in China remained robust in the first quarter from a year earlier, official data showed on Monday, as the pace of new construction quickened, despite intensified government cooling measures. Growth in…
China Q1 property investment rises 9.1 pct y/y
BEIJING, April 17 Real estate investment in China rose 9.1 percent in the first quarter from a year earlier, official data showed, as the pace of new construction starts quickened despite intensified government cooling measures.…
China central bank adviser sees potential cuts to RRR: Yicai
SHANGHAI An adviser to China’s central bank has flagged that China’s central bank could reduce the amount of cash banks need to hold, saying such cuts to the reserve requirement ratio would be normal given…
Senior Chinese banking regulator under investigation – Caixin
BEIJING, April 16 A senior official at the China Banking Regulatory Commission (CBRC) is under investigation for suspected links to a loan scandal, the financial magazine Caixin reported, citing sources close to the matter. Yang…
China’s shadow banking rebounds in March, household loans surge
But aggregate financing, which includes bank loans as well as off-balance sheet lending, surged in March and was a record in the first quarter, raising doubts about the effectiveness of official efforts so far to…
China’s financial sector told to expect new wave of graft scrutiny
The warning came after Yang Jiacai, assistant chairman of the China Banking Regulatory Commission (CBRC), was reportedly placed under investigation in relation to a loan scandal in Hubei province. Without confirming the investigation, a commentary…
