China powered to a 6.5 per cent year-on-year expansion in the fourth quarter, beating economist estimates for 6.2 per cent growth in the world’s second largest economy, which is good news for … ( read…
FINANCE
China’s Rebound, Vexed Central Banks, U.K. Inequality: Eco Day
China’s economy recovered to pre-pandemic growth rates in … according to Rightmove Job openings in London’s finance industry almost halved in 2020 as the uncertainties of coronavirus and Brexit … ( read original story …)
China Is an Economic Winner, Not an Economic Leader
China’s recovery from the depth of the Covid-19 slump is impressive, and the country will almost certainly be the only major economic power to end 2020 in positive territory. Another world-beating … ( read original…
Business Live: Stocks drop; China economy grows 2.3% in 2020 as rebound from coronavirus gains
Join us as we follow the top business news through the day. If immunisation is insurance against disease, what about insurance for immunisation? I just checked my policy and immunisation procedures … ( read original…
Price stability is key priority for China’s central bank
BEIJING: China’s inflation is likely to see moderate growth this year, but a consistent pickup is unlikely, given the constrained consumption of services, a senior central bank official said. The … ( read original story…
China is set to release GDP numbers for 2020
Economists polled by Reuters predicted GDP would increase 6.1% in the fourth quarter, faster than the 4.9% pace of the prior quarter.BEIJING — China is set on Monday to release official GDP figures … (…
Bitcoin: Imagining A Central Bank Buy In
I started thinking: what if central banks got in and started buying? Maybe they want to hoard it and take it out of circulation. “That will be Christmas coming every day for Bitcoin traders. Even…
HSBC chief wrote to Hong Kong activist over frozen bank account
Noel Quinn, HSBC chief executive, personally wrote to a Hong Kong pro-democracy activist to say that the bank was legally obliged to freeze his account, in a sign of the tightrope that corporations … (…
Xi Jinping on Asian Infrastructure Investment Bank
BEIJING — Saturday marked the fifth anniversary of the founding of the Asian Infrastructure Investment Bank (AIIB). President Xi Jinping has firmly supported the operation and development of the AIIB … ( read original story…
China’s rein on financial innovation shows it won’t give up manufacturing for a runaway services sector
China is apparently keen to avoid the ascendancy of ‘moneymakers’ over ‘thing makers’ in Western economies that has helped create economic inequalities and social friction. ( read original story …)
China-Africa relations: Beijing’s financial aid leans towards grants, away from cheap loans, white paper shows
Proportion of aid in grant form increases to 47 per cent in 2013-18 from 36 per cent in 2010-12, government report shows. ( read original story …)
China offers free Covid-19 vaccines, loans to Philippines as Wang Yi wraps up Southeast Asia tour
Analysts said Wang’s trip was timed to shore up alliances between China and its neighbours before Joe Biden becomes US president next week. ( read original story …)
China’s yuan replaces US dollar as most used currency in Greater Bay Area: central bank
The yuan replaced the US dollar as the most used currency in transactions in the Greater Bay Area development zone, a local branch of the country’s central bank said. ( read original story …)
