China’s local authorities have slowed the pace of debt sales to finance infrastructure projects this year, evidence of a gradual tightening of fiscal policy as the government shifts its focus toward …
FINANCE
China’s month-long consumption campaign aims to ‘unleash spending potential’ of Chinese people
Upcoming promotional period in May will involve millions of retailers, but analysts say significant hurdles remain to get people to spend again, as household debt and poor job prospects weigh on China …
China ups defence spending in 2020 but ‘economic growth cushions increase’
Sweden-based research group. In a report released on Monday, the Stockholm International Peace Research Institute (SIPRI) said China spent an estimated US$252 billion on its armed forces in 2020, 1.9 …
Green finance key to China-US collaboration
Indeed, China and the US are jointly shouldering responsibilities as major powers for climate change, laying the foundation for cooperation in the field of green finance. At present, Biden is …
Targeting China With Trade Reforms Will Not Work: WTO Head
China is more likely to cooperate with global trade reforms if it is not made to feel a target of other international powers, the head of the World Trade Organization (WTO) said on Monday. Anxious…
China digital currency: fintech giant Ant Group reveals partnership history with People’s Bank of China
Ant Group has been working with China’s central bank on the country’s sovereign digital currency since 2017, according to information disclosed over the weekend.
Beijing office realty to see supply boom
Beijing’s office realty market will see a new supply peak driven by the thriving high-tech sector, property industry data showed. According to a recent report issued by Cushman & Wakefield, a …
China Huarong Delays 2020 Results Past April Deadline
China Huarong Asset Management Co. said its 2020 earnings results would be delayed past an April 30 deadline, potentially further fraying investors’ nerves after mounting worries over potential …
China to further optimize financial services to SMEs
China’s banking and insurance regulator issued a circular Sunday on further promoting high-quality development of financial services to small and medium-sized enterprises (SMEs) in 2021. Efforts will …
Bad-debt manager China Huarong once again delays results as auditors need time to ‘finalise unspecified transaction’
China Huarong Asset Management had missed an earlier March 31 deadline to announce preliminary results, saying that its auditors needed more time.
China population: what’s driving central bank concern about the nation’s ageing workforce?
China’s central bank has been increasingly vocal about the economic consequences associated with the nation’s demographic challenges, making note of the potential effects on the pension system and …
Enter the Dragon: China in the International Financial System
China has experienced a remarkable transformation since the 1990s. It now boasts the second-largest — some would argue the largest — economy in the world, …
China tightens credit conditions in bid to balance growth and debt
China this week kept its benchmark lending rate unchanged for the 12th month in a row, but other indicators show that Beijing, which exercises greater control over its state-dominated banking system …
