Mandelson, who has been advising party leader Sir Keir Starmer on how to boost his poll ratings, told the meeting that Premier Li Keqiang ‘would not be hearing complaints from the European side today’ ……
FINANCE
China’s provinces bank on high growth amid export rebound
China’s GDP growth in 2020 a ‘truly hard-won outcome’, says Premier Li Keqiang The release of the provincial growth targets is seen as a prelude to the annual session of the National People’s Congress ……
China regulator finalises guidelines on banks’ internet loan businesses
SHANGHAI: China’s bank regulator on Saturday tightened requirements on the internet loan business of commercial banks, amid heightened scrutiny of online lending by internet giants such as Ant Group … ( read original story …)
China raises rare earth quotas in ‘goodwill trade signal’ to US
Chinese companies allowed to increase output by more than a quarter amid reports that Beijing could aim export restrictions at US. ( read original story …)
Bloomberg New Economy: China Cashless Economy and Surveillance
Among the many wonders Marco Polo encountered on his journey to China in the 13th century was paper money. The Chinese invention so impressed the Venetian traveler that he observed the Mongol emperor … (…
AIIB to provide $5 billion for projects in India in next 2 years: DJ Pandian
The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) will be investing $5 billion in the next two years to finance 20-30 projects in India, said DJ Pandian, former chief secretary of … ( read original story…
Are Inter facing bankruptcy like Barcelona? Why Suning’s financial issues provoked panic at San Siro
Suning’s pandemic-related financial problems have provoked panic at San Siro but are Inter really facing a Barcelona-like financial crisis? ( read original story …)
China’s central bank conducts 10b yuan of reverse repos
China’s central bank on Saturday conducted 10 billion yuan (about $1.55 billion) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the 7-day reverse … ( read original…
Jack Ma’s Ant Group was the next big thing. Now it may become just a boring bank
Jack Ma’s Ant Group quickly became one of China’s most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. ( read original story…
Nothing Can Hurt China’s Economy More Than Listening To The IMF
I have mixed feelings about China’s economic policies. During the 1950s, 1960s, and 1970s, China was horrifically impoverished because of socialist policies. According to the Maddison database … ( read original story …)
Underfunded and Under Pressure, U.S. Pensions to Keep Investing in China
Large U.S. pension plans relying on ambitious returns to fill massive shortfalls aren’t finding it easy to steer clear of regulatory risk in China. ( read original story …)
Business jitters hit Hong Kong as Beijing accelerates takeover plan
Earlier this week, the United Kingdom updated its advice to businesspeople looking to invest in Hong Kong, the former British colony it handed back to China in 1997. ( read original story …)
China urges markets to focus on rates, not liquidity, to avoid ‘misunderstanding’ of monetary policies
China is poised to withdraw its 9 trillion yuan (US$1.4 trillion) stimulus rolled out last year to fight the coronavirus and help affected businesses. ( read original story …)
