China urgently needs to take steps to contain financial stability risks as the economy’s recovery takes hold, according to t. Virus relief measures … ( read original story …)
FINANCE
China Urgently Needs to Contain Financial Risks, IMF Says
China urgently needs to take steps to contain financial stability risks as the economy’s recovery takes hold, according to the International Monetary Fund. ( read original story …)
China GDP: IMF cuts 2021 growth forecast citing US tech decoupling, domestic debt, Hong Kong risks
China’s economy is still set to lead the world in growth terms in 2021, but the influential Washington agency has trimmed back its forecast. ( read original story …)
China Central Bank Will Prioritize Monetary Policy Stability in 2021 -Xinhua
China will prioritize monetary policy stability in 2021, Xinhua news agency on Friday quoted central bank governor Yi Gang as saying. The central bank will use various policy tools to keep liquidity … ( read…
Head of Chinese bank behind foreign building spree jailed
The former chairman of the main Chinese state bank behind Beijing’s initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges, … ( read…
Trump’s rules on China investment spark confusion across global finance
Donald Trump’s executive order, which comes into effect on January 11, days before he leaves the White House, has flummoxed financial institutions, leaving the New York Stock Exchange banning a … ( read original story…
China jails former China Development Bank chief Hu Huaibang for life for graft
A former top official of China’s key policy bank was sentenced to life in prison for taking the equivalent of more than US$13 million in bribes, state media reported on Thursday. former Communist … (…
Trump rules on China investment spark confusion across global finance
Donald Trump’s executive order, which comes into effect on January 11, days before he leaves the White House, has flummoxed financial institutions, leaving the New York Stock Exchange banning a … ( read original story…
Why the United States should compete with China on global clean energy finance
Chuyu Liu and Johannes Urpelainen argue that by offering developing countries affordable financing for green energy products, the U.S. would reduce demand for Chinese-funded fossil fuel energy … ( read original story …)
China central bank reduces leeway for firms to borrow abroad
China’s central bank said on Thursday it had tightened the way it assesses cross-border financing risks to make it harder for domestic firms to raise funds in overseas markets. The People’s Bank of … (…
New logo published for Beijing FTZ
Beijing unveiled the new logo of its pilot free trade zone on Wednesday at a news conference introducing the development of newly-established FTZs in the capital. The new logo looks like the Hall of ……
China’s central bank sets key tasks for 2021
China’s central bank outlined key policies and tasks for 2021 during an annual work conference held in Beijing. T (PBOC) said Wednesday in an online statement released after the meeting that it would … (…
Ex-China Development Bank chair Hu Huaibang jailed for life for bribery – state media
The former chairman of China Development Bank Hu Huaibang has been sentenced to life in prison for taking bribes, state TV reported on Thursday. ( read original story …)
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