Analysts warn that the looming credit crunch to China’s private sector firms could trigger an even sharper slowdown in the world’s second largest economy.
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US overtakes China as largest bitcoin mining center
The U.S. has overtaken China as the largest bitcoin center after Beijing tamped down on cryptocurrency mining in recent months.
China Sept new bank loans quicken from August, but below f’cast
New bank lending in China accelerated in September from the previous month, but fell short of expectations, as the central bank bolsters the economic recovery even as it keeps an eye on debt and …
China Sept bank loans rise less than expected, broader credit growth slows
New bank lending in China accelerated in September from the previous month but fell short of expectations, as the central bank tries to bolster the flagging economic recovery even as it keeps an eye …
China Sept new bank loans rise to 1.66 trln yuan, below forecast
Chinese banks extended 1.66 trillion yuan ($257.66 billion) in new yuan loans in September, up from August but falling short of analyst expectations. Analysts polled by Reuters had predicted new …
China’s Growth Seen Slowing to 5.5% in 2022, Modest Policy Easing Expected: Reuters Poll
China’s economic growth is likely to slow to 5.5% in 2022 from an expected expansion of 8.2% this year, a Reuters poll showed, but the central bank could remain cautious about monetary easing due to…
What does China’s power policy shift mean for metal makers, other energy hogs?
Beijing’s liberalization of China’s power markets that allows generators to charge market prices to commercial and industrial customers has significant repercussions for energy-intensive sectors, …
U.S. officially the top destination for bitcoin miners, beating out China for the first time
The U.S. is now the top destination for bitcoin miners, eclipsing China for the first time ever. One-third of bitcoin’s hashrate is in the U.S., according to the Cambridge Centre for Alternative …
Binance Will Shut Yuan Trading After Beijing’s Crypto Ban
Binance Holdings Ltd. is shutting down peer-to-peer trading of the yuan, closing one of the last workarounds for Chinese users after Beijing’s blanket ban on cryptocurrency transactions.Most Read from …
China economic collapse: After Evergrande, Modern Land struggling to pay its debts
Shares in Modern Land fell more than 2 per cent in Hong Kong on Monday. The stock is down 45 per cent this year. News of the company’s financial difficulties came on the same day…
Festering Evergrande contagion worries push China spreads to record
Worries over possible spiralling effects of a debt crisis at developer China Evergrande Group drove Chinese high-yield spreads to record highs on Wednesday, days after the company missed another …
College Student Innovation, Entrepreneurship Competition Finals Kick off in E. China
The finals of the 7th China International College Students’ “Internet+” Innovation and Entrepreneurship Competition kicked off on October 13th in Nanchang, capital of east China’s Jiangxi Province.
Canton Fair encourages participation of overseas buyers in China
The 130th China Import and Export Fair is encouraging the on-site participation of overseas buyers’ agents and branches in China, according to the Department of Commerce of Guangdong province. Due to …
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