The Paris Club is confident China will take part in a global drive to pause debt payments for poor countries that urgently need funds to battle the coronavirus pandemic.China, which has grown to … (…
FINANCE
Coronavirus, growing China-Southeast Asia trade ties could drive offshore use of yuan: FSDC economist
China trade tensions are pushing China towards increased regional coordination in trade that may become a catalyst for yuan internationalisation, according to professor Ba Shusong, Chief China … ( read original story …)
Are Strong Financial Prospects The Force That Is Driving The Momentum In China Resources Cement Holdings Limited’s HKG:1313) Stock?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity So, based on the above formula, the ROE for China Resources Cement Holdings is: 20% = HK$8.3b ÷ HK$42b (Based on the ……
Australia Has an Important Relationship With China: Finance Minister
Australian Finance Minister Mathias Cormann discusses the escalating tensions between Australia and China and the government’s call for an investigation into the origin of coronavirus. He speaks on … ( read original story …)
China announces new tariff waivers for some US imports
China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost … (…
China shares stagnant this week despite Beijing hints at ‘more powerful’ stimulus
Stocks in nearly all of Asia kicked off the week with gains after Beijing said it would implement more powerful stimulus tools to fight what it called “unprecedented” economic challenges. The only … ( read…
China shares stagnant even after Beijing hints at ‘more powerful’ stimulus
Stocks in nearly all of Asia kicked off the week with gains after Beijing said it would implement more powerful stimulus tools to fight what it called “unprecedented” economic challenges. The only … ( read…
FBI arrests Arkansas professor on fraud charges over financial ties to China
A professor at the University of Arkansas specializing in electrical engineering has been arrested by the FBI and charged with wire fraud after being accused of failing to tell federal authorities … ( read original…
No Second Wave In China As Economy Gains More Traction
Shanghai Disney is back in action. Roughly six weeks of lockdowns ended, China is getting back to normal life. ( read original story …)
Beijing adopts smart wristbands for real-time fever detection of students as schools reopen after coronavirus lockdown
As final-year students and their teachers in Beijing return to school for the first time since the coronavirus lockdowns, city authorities are adopting wearable smart technology to help prevent … ( read original story …)
China April new bank loans fall less than expected, money supply quickens
April new loans 1.7 trln yuan vs f’cast 1.4 trln yuan. April M2 money supply +11.1% y/y, vs f’cast of +10.2%. April TSF 3.09 trln yuan, vs f’cast 2 … ( read original story …)
China stainless steel hits nine-month high as domestic demand recovers
Chinese stainless steel futures surged on Monday, hitting their highest level in over nine months as domestic demand continued to pick up after coronavirus-related shutdowns. The most-traded stainless … ( read original story …)
China under pressure to write off loans as countries struggle to repay debt during coronavirus crisis
China could find itself having to write off massive loans as countries that owe Beijing money under its massive infrastructure project struggle with mounting debts. ( read original story …)
