Beijing is expected to cut back fiscal stimulus even as Washington … whether to scale back economic stimulus as debt risks loom Lou, who served as China’s finance minister from 2013 to 2016, warned ……
FINANCE
China’s bond market sees 4.3-trillion-yuan issuances in January
BEIJING – The total bond issuances in China amounted to 4.3 trillion yuan ($664.5 billion) in January, data from the central bank showed. Treasury bond issuances came in at 574 billion yuan, while … (…
Bank of Singapore’s Malik on a Week of Roiled Bond Markets, China’s Economic Recovery
Ali Malik, Bank of Singapore Investment Advisor, discusses a week of roiled bond markets and China’s economic recovery. He speaks with Manus Cranny and Yousef Gamal El-Din on “.” (Source: Bloomberg) … ( read original…
Beijing-based AIIB approves US$180mn loan to Sri Lanka for COVID-19 response
The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved a US$180 million loan to Sri Lanka under its COVID-19 Emergency and Crisis Response Facility. The decision was conveyed to … ( read original story …)
Tim Hortons China raises fresh cash, plans to add 200 shops in 2021
Tim Hortons China has completed a new fundraising round from Sequoia Capital China, Tencent Holdings and Eastern Bell Capital, and plans to add more than 200 shops to its network this year, the coffee ……
Op-ed: A digital dollar would help the U.S. and its allies keep China in check
U.S. officials this week offered their most full-throated endorsement yet of a digital dollar. Meanwhile, China has accelerated efforts for a digital currency. ( read original story …)
How Will Kyrgyzstan Repay Its Huge Debts To China?
Faced with a struggling economy and few financial lifelines, Kyrgyzstan is feeling the weight of its swelling state debt — a significant proportion of which is owed to China — and considering some … (…
Why the EU-China investment deal is no free pass for Beijing
US sanctions earned it special access to the Chinese market while disadvantaging European competitors. This levels the playing field.’ … ( read original story …)
Master con woman who scammed Beijing’s high society
A remarkable Chinese con woman is jailed for life after scamming £6 million from a glittering array of Olympic gold medallists, television stars and other celebrities … ( read original story …)
Bulk of China’s tightened belt and road energy finance goes to Africa
The study said US$192.5 billion, or 78 per cent, of CDB and Exim Bank of China total overseas energy finance had been directed to belt and road countries. It also noted that finan … (…
China’s defense budget to continue to rise in 2021, buttressed by economic upturn, strong fiscal foundation: experts
Despite the impact of COVID-19 over the past year, many Chinese military analysts and observers believe that the country’s defense budget for 2021 will continue to increase, likely at a higher growth … ( read…
China Bank profits up 20% despite pandemic
China Banking Corporation (China Bank) reported a 20 percent growth in net income to P12.1 billion despite the challenges posed by the pandemic last year. In a disclosure to the Philippine Stock … ( read…
China Bank income jumps 20% in 2020
China Banking Corp. earned 20 percent more in 2020 as its asset base breached the P1-trillion level despite the uncertainties brought about by the COVID-19 pandemic. In a statement, China Bank … ( read original…
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