There are three difficulties when it comes to getting rid of zombie firms, the official Xinhua news agency said, citing Ge Honglin, chairman of Aluminum Corporation of China (Chinalco). Local governme… ( read original story…
FINANCE
The US, China and the return of a two-bloc world
After Canada obeyed an American extradition request and arrested Meng Wanzhou, the chief financial officer of Huawei, the Chinese response was fierce. Within days, Canadian citizens were arrested in C… ( read original story …)
China Traders Who Loved Leverage Left Reeling by Friday Rout
Read more: China’s $345 Billion Stock Rout Shows Beijing’s Fear of Bubbles Financial data provider Hithink RoyalFlush Information Network Co. fell as much as 5.3 percent Monday before closing up 0.5 p… ( read original…
China’s yuan ‘may already be overvalued’ and is set to move lower, Nomura says
The Chinese yuan may “already be overvalued” against the U.S. dollar and will likely move lower, Japanese financial firm Nomura says. The United States reportedly wants to mandate a “stable” yuan as p… ( read…
China’s Communist Party affiliate seeks ban on child news anchors
An affiliate of China’s ruling Communist Party has called for a ban on … violates their privacy and causes financial losses due to “irrational” rewards to the network anchors, The Beijing News quote… ( read…
China is strangling its private champions
In the name of risk management, the People’s Bank of China in January officially became the custodian of all deposits from third-party payment groups, a transition that started in 2017. Before then, t… ( read…
China orders its airlines to suspend use of Boeing 737 MAX aircraft
SHANGHAI (Reuters) – China’s aviation regulator said on Monday it had ordered … Caijing, a Chinese state-run news outlet that covers finance and economics, said many flights scheduled to use 737 MAX … ( read…
WRAPUP 1-China c.bank pledges more policy support as bank lending slides
* Feb new loans at 885.8 bln yuan vs forecast 975 bln yuan * Feb M2 money supply up 8.0 pct y/y vs forecast 8.4 pct * Feb TSF at 703 bln yuan vs forecast…
Japan sees global growth risks persisting on trade war, China slowdown
TOKYO (Reuters) – Downside risks in the global economy are likely to persist over the medium to long term, pressured by the Sino-U.S. trade war and a slowdown in China, Japan’s top financial … (…
China’s Social Financing Up, Overall Loans Fall Ahead of Looming Stimulus
China’s central bank says lending activity in the country was solid last month, although the total value of issued loans dropped from January’s highs despite Beijing’s efforts to encourage official le… ( read original story…
China’s leaders talk more openly about growth risks
“Domestically, we are facing many financial risks.” Mr Yi, the governor of the People’s Bank of China, said China’s prudent monetary policies were unchanged despite the absence of the word “neutral” f… ( read original…
China mulls reprieve for some shadow bankers to stop fall in growth
China might allow a return of some shadow banking operations as long as their lending “benefits the real economy” and does not support speculation, according to a senior banking regulator. The move co… ( read…
China central bank pledges more policy support as bank lending slides
BEIJING (Reuters) – China’s central bank on Sunday pledged to further support the slowing economy by spurring loans and lowering borrowing costs, following data that showed a sharp drop in February’s … ( read original…
