Mr Xi’s pledges involved a combination of grants, low-interest loans, financial investment and trade finance. But in China’s state media on Tuesday, such overseas commitments were presented as “aid” o… ( read original story …)
FINANCE
China’s policy choices crucial for global financial stability
The British historian Arnold Toynbee remarked that America was a large, friendly dog in a very small room and that every time it wagged its tail it knocked over a chair. If he had lived…
China shares recover as central bank yuan support lifts investor mood
Mainland Chinese stock markets rose on Tuesday after the central bank acted to bolster the yuan currency, giving sentiment a boost amid a series of issues that have left many investors unsettled. At t… (…
Is China’s $26 Trillion New Silk Road A Debt Trap?
Xi said China’s trade with Belt and Road countries … controlling stake of Port of Hambantota to a Chinese state-owned finance firm after it almost defaulted on a $1.5 billion loan from Beijing. ( read…
China pledges $60bn for Africa as Xi rejects ‘debt trap’ claims
At the start of the three-day triennial Forum on China-Africa Co-operation in Beijing, Mr Xi said China would not finance “vanity projects” but would concentrate on commercially viable, sustainable an… ( read original story …)
China discusses ways to stabilise market expectations: central bank
BEIJING (Reuters) – China’s financial oversight body has discussed with experts ways to improve communications with market participants and stabilise market expectations, the central bank said on … ( read original story …)
China central bank lends 532.00 bln yuan via medium-term facility in Aug
BEIJING , Sept 3 (Reuters) – China’s central bank lent 532.00 bln yuan ($78.02 bln) to financial institutions via its medium-term lending facility (MLF) in August, it said on Monday. Outstanding MLF w… ( read…
China’s Xi offers $60bn in financial support to Africa
China’s President Xi Jinping has offered $60bn in financial support to African countries and written off debt for poorer African nations. Speaking at the opening of a major summit with African leaders … ( read…
China, Africa expand, upgrade financial cooperation
China and Africa have witnessed expanded and upgraded financial cooperation over the past three years. It is a result of the great efforts made by China to accelerate African countries’ industrializat… ( read original story…
China’s Xi pledges $60 billion in financing for Africa
BEIJING — Chinese President Xi Jinping on Monday pledged $60 billion in financing for projects in Africa in the form of assistance, investment and loans, as China furthers efforts to link the continen… ( read…
Tariff fight adds to China’s economic challenges
BEIJING — China faces bigger economic challenges than its trade war with the U.S. Even before tit-for-tat tariffs, growth in the world’s No. 2 economy was already forecast to cool from 6.8 per cent la……
China’s mega banks are boasting higher profits, but investors still aren’t buying their stocks
Investors fear that Chinese authorities, facing a slowing economy and worsening tensions with the U.S., may abandon plans to deleverage and the banking industry could see bad debt pile up again. The l… ( read…
Japan’s trade with China is booming, but irreconcilable differences persist
the idea of hostility between the two East Asian neighbors is sharply at odds with excellent trade numbers and Japan’s unrelenting efforts to keep open the bilateral flows of commerce and finance. Her… ( read…
