BEIJING, Dec. 26 (Xinhua) — China’s banking sector’s total assets were 244.44 trillion yuan (about 37 trillion U.S. dollars) at the end of November, up 10 percent year on year. Meanwhile, total liabilities of financial…
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Why Greece is banking on China’s modern-day Silk Road to help its economic recovery
Greece hopes to transform its ancient port of Piraeus into the entry point for an extensive network of roads and railways that will allow China to penetrate into the heart of Europe, its ambassador to…
Foreign bank lending to China hits record high despite debt fears
Lending to China by international banks hit a new high in the first half of 2017, as Beijing’s deleveraging campaign led … cross-border loans into China and most lending by foreign bank subsidiaries incorporated on…
China central bank skips open market operations for 3rd consecutive working day
BEIJING – China’s central bank suspended open market operations for the third working day Tuesday, citing sufficient liquidity in the banking system. Liquidity was at a “relatively high level” after increased fiscal spending at the…
Russia & China to kneecap petrodollar in 2018 predicts Saxo Bank
The world’s largest crude oil importer China is likely to roll out the petro-yuan next year predicts Saxo Bank. Beijing’s largest oil supplier Russia would gladly accept the yuan to phase out the dollar in…
China stocks rise, led by financials and property firms
SHANGHAI, Dec 26 (Reuters) – China stocks ended firmer on Tuesday, led by financial and real estate firms, though trading was thin as year-end nears. ** At the close, the Shanghai Composite index was up…
China halts oil product exports to North Korea in November as sanctions bite
BEIJING (Reuters) – China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a bid to…
China’s 2018 fiscal, monetary policies aim for high-quality development
BEIJING – China will stay on course for a proactive fiscal policy and prudent monetary policy in 2018 to foster high-quality development while containing financial risks. “The proactive orientation of fiscal policy will be maintained,…
China sentences ‘Vulgar Butcher’ activist to 8 years’ prison
Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News. A prominent activist who called himself the Ultra Vulgar Butcher as he mocked and…
China hands down harshest sentence in multi-year rights crackdown
BEIJING (Reuters) – China sentenced a prominent rights activist to eight years … Chinese state media branded those reports “fake news” and said the accounts were concocted as a means of gaining attention. Xie’s lawyer…
China steering economy through mountain of debt
China’s leadership has made “preventing financial risk an economic priority” for the next three years as President Xi Jinping tries to steer the economy through perilous territory, with a “mountain of debt” and an increasingly…
China’s Shanghai to battle ‘big city disease’ by limiting population to 25m
China’s financial hub of Shanghai will limit its population to 25 million people by 2035 as part of a quest to manage “big city disease”, the cabinet has said. The State Council said on its…
China to overtake US economy by 2032 as Asian might builds: report
The report by the Centre for Economics and Business Research in London sees India leapfrogging … In 2032, three of the four largest economies will be Asian – China, India and Japan – and, by…
