Markets tumbled after Federal Reserve chair Jerome Powell said high inflation could persist until the middle of next year and that the speed of US tapering could quicken Authorities last week arrested …
FINANCE
Bank of China’s Closure of Lanzhou Branch Is Rare Move, Insider Says
Bank of China’s decision to close its city-level branch in Lanzhou, the capital of China’s northwestern Gansu province, after just three years is an unusual step, according to an insider. The branch’s …
China Finance Online Appoints Wumei CEO as Independent Director
China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (Nasdaq: JRJC), a leading web-based financial services company that provides Chinese individual …
Xi Jinping plays up roles for private sector in China-Africa trade and finance
Chinese President Xi Jinping appears to be banking on the private sector to drive the next phase of China-Africa cooperation as China’s policy banks take a cautious approach to lending.
Opinion: Why China Is Unlikely to Fall Into the Middle-Income Trap
The belief is that other countries implementing the exact same policies as China would also grow by an average of 8 to 10 percent for 40 years. China’s meteoric rise since the 1980’s has been…
Omicron variant could threaten China’s reopening, analysts say
China could double down on its zero-COVID approach as the new Omicron variant reignites concerns about another COVID-19 wave in the pandemic, analysts say. Chief Asia economist at Capital Economics …
Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist
Japan’s new political leadership is calling on the country’s financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing to China’s far quicker progress as a potential …
China’s lottery sales near 30b yuan in October
A China Welfare Lottery sales station is seen in Hangzhou, East China’s Zhejiang province, on May 24, 2021. [Photo/IC] BEIJING — China’s lottery ticket sales totaled 29.39 billion yuan (about $4.6 …
China’s Property Woes Worsen as Home Prices Slip in November-Survey
China’s property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a private-sector survey showed on Wednesday. The property …
China debt: there’s more than meets the eye
But with international bond market and loan market all but shut for the sector — thanks to volatility emanating from the debt crisis at high-profile firm China Evergrande Group — developers are …
China’s Developers Face $12 Billion in Trust Payments This Month
Chinese developers are facing $12 billion in trust payments coming due in December, posing a major challenge for the sector whose liquidity squeeze has spooked global markets. The firms have already …
China’s QDII approved quotas reach $154 billion
The approved quotas of the Qualified Domestic Institutional Investor (QDII) program, a program that allows Chinese investors to access foreign assets, totaled $154 billion as of Tuesday, said the …
China’s Xi pledges another 1 bln COVID-19 vaccine doses for Africa
China will deliver another 1 billion doses of COVID-19 vaccines to Africa and encourage Chinese companies to invest no less than $10 billion in the continent over the next three years, President Xi …
