Chinese banks extended 590 billion yuan ($82.84 billion) in new loans in August, bouncing back from a 50 billion yuan contraction in July – the first decline in 20 years, according to Reuters …
FINANCE
China August bank loans pick up but well below forecast as economy struggles
China’s new bank loans recovered in August but were much lower than expected after unexpectedly contracting in July, as a protracted property slump and the government’s campaign to rein in industrial …
China says fiscal support will remain flexible, debt ratio stays reasonable
China’s fiscal policy has ample room, the government’s debt ratio remains “reasonable” and risks are controllable, finance minister Lan Foan said on Friday, pledging a more flexible fiscal push to …
China to Deepen Fiscal Reforms, Use Policy Tools to Support Consumption, Investment
BEIJING (Reuters) -China will deepen fiscal reforms and use fiscal policy tools to support consumption and investment, its finance minister said on Friday. Risks from hidden local debt have been …
Analysis-China caught in policy dilemma as Fed rate cut looms
BEIJING (Reuters) -As the U.S. Federal Reserve gears up for an expected rate cut next week, China’s central bank is likely to resist a near-term easing in policy as it grapples with a dilemma: how…
US to urge G7 to impose high tariffs on China, India over Russian oil purchases
Trump administration extends call for tougher measures beyond EU as it pushes Moscow to agree Ukraine peace deal …
China’s trillion-dollar plan to clean up local government arrears: what it means for its economy
The plan centers on state-backed lenders including the China Development Bank, providing short-term liquidity loans so local governments and their affiliated entities can finally settle arrears owed …
China is bailing out over $1 trillion in unpaid local government debts to private firms
China is preparing a major bailout to clear over $1 trillion in unpaid bills local governments owe to private companies, according to Bloomberg. The plan involves getting China Development Bank and …
China Plans Measures to Clear $1 Trillion Local Government Debt to Private Sector
China is preparing to address a massive backlog of unpaid bills owed by local governments to private companies, a debt estimated to exceed $1 trillion, according to a Bloomberg News report. The move …
China’s Financial Flows Exceed Trade for First Time
For the first time in China, the amount of money flowing in search of investment opportunities is more than the value of goods and services its trade engines generate. The historic shift moves China a…
I left investment banking in New York to chase my dream in China. Here, it feels doable.
In Shanghai, Yangyang Guo supports herself by helping students with US college applications.
China’s US$4.5 trillion flows mark tipping point in market opening
A world-beating stock market rally has led the recent surge in two-way financial flows, which surged to an unprecedented US$4.5 trillion in the first seven months of the year Read more at The Business …
China Reacts to Fresh Trump Tariff Reports Over Russia
The United States raised tariffs on India to 50 percent in August, a trade barrier that Trump said included a 25 percent penalty for its purchases of Russian oil. New Delhi pushed back against the…
