The People’s Bank of China is set to hand in more than CNY1 trillion (USD158.3 billion) in profits this year to the central government, which should help alleviate local government’s pressures arising …
FINANCE
China Pharma (CPHI) vs. Its Peers Financial Survey
China Pharma (NYSE: CPHI – Get Rating) is one of 929 public companies in the “Pharmaceutical preparations” industry, but how does it compare to its peers? We will compare China Pharma to similar …
Wild Ride in China Stocks Triggers Memories of 2018 Meltdown
A bout of fresh volatility is hitting Chinese equities, evoking memories of the 2018 meltdown, as the war in Ukraine threatens to complicate the Asian nation’s plans to ease policy and potentially …
China’s central bank to provide 1 trillion yuan to central budget
China’s central bank plans to turn over more than 1 trillion yuan (about 158.3 billion U.S. dollars) in surplus profits to the country’s central budget in 2022 to support enterprises, stabilize …
For China bulls like Jim Breyer, Russia ties present “geopolitical challenges and questions”
China has emerged as one of the most powerful countries in the world. Now, its close ties with Russia, against which the rest of the world has swiftly united since its invasion last week of…
China’s shares drop over 1% on inflation worries, new COVID cases
China’s shares extended losses on Wednesday, as market watchers remain on edge amid fears of a wider impact of commodity prices’ surge on Beijing, while new coronavirus cases in the world’s …
China’s military budget increases 7.1% in 2022, Taiwan not afraid
China has allotted 1.45 trillion yuan for military spending in 2022. That’s the equivalent of US$229.5 billion and a whooping 17 times Taiwan’s defense spending for the year, according to a report b …
China’s Fiscal Aid Is Little Comfort for Cash-Strapped Provinces
Slowing economic growth and the weakest property market in half-a-decade are sapping the flow of cash into local coffers just as cities and provinces face a record $440 billion of …
China Investors Learning How to Profit From Xi’s New Capitalism
Over the past year, President Xi Jinping has ended China’s days of limitless private sector-growth in favor of state-directed “common prosperity.” While that’s made life more difficult for investors, …
Russians Look to Chinese Financial System For Relief From Sanctions Imposed Over Ukraine War
Russian banks, companies, and ordinary citizens are increasingly looking to China’s financial system for relief from Western sanctions.
China’s central bank to pay profits to fund fiscal spending -finance ministry
China’s central bank will be among state financial institutions paying some of their profits, including arrears, to the government this year to fund an increase in fiscal spending, the finance …
‘Xi is using Putin as a test tube.’ Here’s how China is assessing the U.S.’s Russia sanctions as it eyes conflict with Taiwan
Chinese officials are studying the financial sanctions leveled against Russia as they hope to understand how the West might react to an invasion of Taiwan.
China’s central bank to provide 1 trln yuan to central budget
China central bank plans to turn over more than 1 trillion yuan about 1583 billion US dollars in surplus profits to the countr …
