According to the Head of the Russian Ministry of Finance, Anton Siluanov, during a meeting of the State Duma’s Committee on Budget and Taxes, most of the drones utilized by Russian occupiers have been …
FINANCE
Drones in Russia are mainly from China – finance minister
MOSCOW, Oct 16 (Reuters) – Russia’s drones are mostly sourced from China so Moscow will spend more than 60 billion roubles ($618 million) on a new national project to develop drone manufacturing, …
Beijing Fuels Economic Recovery with Real Estate Stimulus and Eased Mortgage Rules
In the heart of Beijing, there is a palpable sense of anticipation. The bustling city, known for its robust real estate market, is witnessing a significant shift in policy. The Chinese government, …
Former Bank of China boss arrested on corruption charges
Liu Liange charged with accepting bribes and illegally granting loans amid country’s anti-corruption drive …
China’s central bank to bolster liquidity support; keeps policy rate unchanged
The People’s Bank of China launched a total of CNY 789 billion via a one-year medium-term lending facility (MLF) to the banking system, left the interest rate unchanged at 2.50%, and ramped up efforts …
Former Bank of China Chairman Arrested: A New Chapter in Xi Jinping’s Anti-Corruption Campaign
Former Bank of China Chairman Liu Liange has been ensnared in the dragnet of President Xi Jinping’s anti-corruption campaign, marking another high-profile figure’s fall. The arrest comes after an …
China’s Central Bank Injects $108 Billion into Banking System Amid Economic Challenges
It was a day like any other in Beijing, under the autumn sky, when the news broke. The People’s Bank of China (PBOC), the country’s central bank, had injected 789 billion yuan ($108 billion) into…
Top procuratorate orders arrest of former chairman of Bank of China
BEIJING, Oct. 16 (Xinhua) — The Supreme People’s Procuratorate (SPP) has ordered the arrest of Liu Liange, former chairman of the board of directors of the Bank of China, for suspected bribe-taking …
African ambassador criticizes IMF, World Bank for not giving enough loans
An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies.
Former Bank of China chairman arrested for suspected bribery – state media
Former chairman of Bank of China Liu Liange was arrested for suspected bribery, giving illegal loans, the official Xinhua news …
Former Bank of China chairman arrested for corruption
The state-owned bank reported in February that its former chairman had stepped down and was removed from his position as Communist Party chief.(FB/BOC) BEIJING: The former chairman of the Bank of …
China’s Financial Tightrope: PBOC Injects Liquidity but Maintains Interest Rates
In the heart of Beijing, a financial showdown is taking place. The People’s Bank of China (PBOC) is wielding its monetary might, injecting a colossal 789 billion yuan ($107.96 billion) into the …
China ramps up liquidity support to banking system
China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the risk of more …