After Russia’s invasion of Crimea, several Chinese state banks, including China Development Bank and the Export-Import Bank of China provided loans for Russian state-owned banks that were sanctioned …
FINANCE
China’s finance ministry calls for better macroeconomic coordination
BEIJING, Feb. 19 (Xinhua) — China has called for strengthening global cooperation in coordinating macro policies, as part of efforts to propel common development, according to the Ministry of Finance …
China’s new crackdown shows $1.5 trillion tech rout not over yet
And while the bullish chorus on China — ranging from strategists at Goldman Sachs Group Inc. to those at Jefferies Financial Group Inc. — emerged from the last quarter of 2021, shares have yet to…
Russia, China water down G-20 text on geopolitical tensions
JAKARTA/WASHINGTON (REUTERS) – Russia and China watered down a G-20 finance leaders’ statement on geopolitical risks to the global economy as a contentious meeting ended on Friday (Feb 18), deleting a …
How China beat out the United States to dominate South America
In February, Argentina announced that China would finance about US$24 billion in infrastructure projects. Since 2012, Chinese President Xi Jinping has visited Latin America 11 times. During his two …
Russia, China water down G20 text on geopolitical tensions
(AP pic) JAKARTA: A contentious meeting of the Group of 20 finance leaders ended with Russia and China watering down communique language on geopolitical risks to the global economy, deleting a …
Swedish gold medallist blasts ‘irresponsible’ decision to hold Olympics in Beijing
Despite an effort from the IOC and beyond to keep politics out of Beijing, Swedish gold medallist Nils van der Poel is making a definitive statement: Holding the Olympic Games in China was …
Half-built stadiums & crumbling skyscrapers… how China’s property crash is HUMILIATING Beijing on the world stage
But Beijing has worked to curb any ricochet effect on the financial system from Evergrande’s troubles. The central bank vowed to protect consumers exposed to the housing market and inject more cash …
China’s central bank expected to keep rates unchanged this month – Reuters
China’s central bank is expected to keep its benchmark lending rate unchanged at its monthly rate-setting on Monday after the People’s Bank of China left its medium-term lending facility loans …
Beijing’s Shougang Park: How the Olympic Games Helped Turn a Steel Mill Into a Trendy Urban Area
But nearly 90 years later, ahead of Beijing 2008, the city developed an ambitious plan to fight air pollution. As a result, production was gradually halted, leaving room for the industrial site to …
Chinese financial services regulator raises alert on growing metaverse-related scams, illegal fundraising amid market frenzy
The China Banking and Insurance Regulatory Commission said criminals … popular with Chinese technology companies and a growing number of investors China’s financial services watchdog on Friday …
Rachel Homan opens up about feeling she’d ‘let everybody down’ after Beijing exit
After a chance at reaching the Olympic podium was cut short by literal millimetres, Canadian curler Rachel Homan is continuing to open up about her emotional struggles since coming home, with …
China signals more government support to stabilise economy, with a wary eye on debt ratio
China will expand government spending to offset economic pressures, but the deficit ratio needs to be set at an “appropriate” level, finance minister Liu Kun said on Friday. Beijing must “shoulder the …
