Chinese Vice Premier He Lifeng and several top financial policymakers are expected to speak at a global financiers summit in Hong Kong on Tuesday. Li Yunze, minister of China’s National Financial …
FINANCE
Suriname signs debt rescheduling with China, finance minister says
Suriname signed a debt rescheduling with China, Finance Minister Stanley Raghoebarsing told the National Assembly on Monday, with the head of the South American country’s debt management office saying …
In Counter to Trump, China Warms Up to EU During Climate Talks
Negotiators at COP29 are struggling to forge a consensus to boost funding to help poor countries. The fading US role has created a bigger opening for China.
China’s Xi announces steps to support ‘Global South’ at G20 summit
Chinese President Xi Jinping announced a raft of measures designed to support the “Global South” at a gathering of leaders of the Group of 20 (G20) major economies in Rio de Janeiro, China’s state …
UK PM Starmer seeks ‘pragmatic’ Chinese ties in meeting with Xi
LONDON, Nov 18 (Reuters) – British Prime Minister Keir Starmer called on Chinese President Xi Jinping to establish “consistent, durable” relations between their two nations on Monday, pressing on with …
Major Chinese Bank Deals Blow to Russia’s Economic Lifelines
Wary of U.S. secondary sanctions, Chinese lenders are now depriving Russian importers of a workaround through friendly third countries.
China’s January-October fiscal revenue falls 1.3% from a year earlier
China unveiled a 10 trillion yuan debt swap package earlier this month aimed at alleviating the financial strain on local government debt burdens, as concerns mount over the potential trade …
Bank of China said to block Russia-suspected transactions
The Bank of China, ranked fourth in terms of assets in China, has started blocking more transfers in yuan from countries that, according to the bank’s compliance service, may be linked to supplies to …
2024 FBS event wraps up with talks on Asean, scientific research, Europe, US-China ties
The second day of the by-invitation event kicked off with a discussion about opportunities in Asean with Malaysia at the helm.
Orbán turns to China to boost recession-hit economy
Viktor Orbán has turned Hungary into the main home for Chinese capital in Europe, capturing more than a quarter of all Chinese investment coming into the continent over the past two years.
China’s yuan misses its chance to go up against the US dollar after Trump win
The yuan is falling behind. China’s dream of turning its currency into a global contender is unraveling thanks to President Donald Trump’s return to power. With a brand new trade war looking likely, …
China’s dream of ‘powerful currency’ runs into Trump’s return
The president-elect favours a weaker US dollar, which would make US goods cheaper for the rest of the world, although Wall Street banks think he is unlikely to get his wish.
China to cut or cancel export tax rebates for products including aluminium
China’s finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of commodities and other products, effective Dec. 1. The country will reduce the export tax rebate …
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