China’s economy is on track for its worst performance this year since the 1970s … and so far the government and central bank haven’t cut rates and loosened restrictions on property buying as they ……
FINANCE
China’s central bank cuts key rate to record low
China’s central bank yesterday stepped up policy support for its embattled economy, cutting a key rate to a record-low and reducing the amount banks must hold as reserves by around $28bn as the … (…
China’s Secret Weapon In The Looming Tech War
The technology war is heating up, and with the 5G revolution right around the corner, America needs to act fast if it wants to take on China … ( read original story …)
China’s Historic Slump to Lay Bare the Scale of the Task Ahead
The scale of the recovery task facing China’s policy makers will be laid bare Friday when first quarter gross domestic product data is expected to show an historic slump. ( read original story …)
Atlantic Council Programs and Policy Dir. on what’s next for China’s economy
Josh Lipsky, Programs and Policy Director for the Atlantic Council, joins Live to discuss the IMF’s latest predictions, what COVID-19 means for emerging markets, and what’s on the horizon for China’s … ( read original…
China must step up on Africa debt relief: Ghana finance minister
China must do more to help ease the debt burden of African countries facing economic calamity as a result of the coronavirus pandemic, Ghana’s finance minister said. Speaking with the Center for … ( read…
U.S. may stall massive IMF liquidity boost over Iran, China -sources
It could provide as much as $500 billion in urgently needed liquidity for the IMF’s 189 member countries. Finance officials will debate the issue during this week’s virtual IMF and World Bank Spring … (…
Origin has received RMB137.66 million from Beijing Changping Technology Innodevelop Group
Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), an agriculture technology and rural e-commerce company, today announced the Company has received RMB137.66 million from Beijing … ( read original story …)
China’s Central Bank to Run Simulations of Digital Currency Use
China’s central bank has given the green light for some commercial lenders to run trials of its digital currency, according to people familiar with the matter, bringing it a step closer to becoming … (…
China to step up protection of investors – financial stability committee
China will make better use of the capital markets and crack down resolutely on fraud and forgery, the state council’s financial stability committee said on Wednesday after a meeting chaired by Vice … ( read…
Asian Financial Crisis 2.0: Banking system creaks under pressure of companies struggling to survive coronavirus pandemic
Chinese property developer Yida China is battling to avoid defaulting on its debt as the coronavirus pandemic slams sales, borrowing costs spiral and police detain a director on suspicion of … ( read original story…
BRIEF-Bank Of China Gets Approval To Invest To Establish BOC Financial Leasing
BOC FINANCIAL LEASING IS PROPOSED TO BE INCORPORATED IN CHONGQING WITH REGISTERED CAPITAL OF RMB10.8 BILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust … ( read original story …)
China’s Coronavirus-Era Accounting Scandals May Not Be the Last
Downturns have long been catalysts for bringing previously hidden accounting scandals to light. When the good times are rolling, it’s far easier for tech darlings and other fast-growing startups to … ( read original story…
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