BEIJING (AP) — China said Tuesday that Malaysia should handle any problems it has with multibillion-dollar Chinese-backed infrastructure projects through talks, a day after the Southeast Asian country … ( read original story …)
FINANCE
China guarantees Pakistan of financial backing
Pakistan’s all-weather and time-tested friend China has guaranteed financial backing to Islamabad as Imran Khan-led new government looks to avoid having to go to the IMF to solve its foreign exchange … ( read original…
Investment firms explore buyout of Yum China: sources
Chinese investment firm Primavera Capital and Ant Financial Services Group bought a minority stake in Yum China for $460 million as part of the spin-off deal in September 2016. Both are still sharehol… ( read…
China’s high-speed rail and fears of fast track to debt
“China Railways has always depended on financial subsidies and continues to raise new debt to pay off old debt,” says Zhao Jian, a colleague of Prof Li’s at Beijing Jiaotong University. “[This] will i… (…
China’s Slower Credit Growth Underscores Worries Over Economy
“Policy makers are sticking to the direction of cracking down on shadow banking, and moving loans onto balance sheets,” said economist Xie Yaxuan at China Merchants Securities Co. However, “the steep … ( read original…
China July new loans stronger than expected, money supply picks up
However, some China watchers fear Beijing’s shift in focus to supporting growth may spell a return to its credit-fuelled spending binges of the past, undercutting a multi-year campaign to reduce risks … ( read original…
China is printing money for countries like Poland and Brazil at ‘full steam’ as it tries to expand its influence on the global economy
China’s money printing industry is running at “full steam” for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland, according to reports. The printing is link… ( read original story …)
China Literature Announces 2018 Interim Results
Financial Review Revenues. Total revenues increased 18.6% YoY … seeing rapid growth. We are working with China government agencies and the China Writers Association (CWA) at the national, provincial … ( read original story …)
China Banks’ Bad Loans Surge Most on Record Amid Deleveraging
Non-performing loans rose 183 billion yuan ($26.6 billion) to hit 1.96 trillion yuan by the end of June, the biggest quarterly increase in data going back more than a decade, the China Banking and Ins……
China’s central banks faces a problem getting nation’s lenders to actually lend more money
The People’s Bank of China is tackling a problem it rarely had to worry about until recently – persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity…
Emerging Market Selloff Hits China as Stocks, Yuan Resume Slide
The Shanghai Composite Index lost 1.4 percent as of 1:30 p.m. local time, led lower by consumer and financial stocks. The yuan slid 0.47 percent to 6.8763 per dollar after China’s central bank weakene… (…
China Faces Problem in Getting Its Banks to Lend More Money
The People’s Bank of China is tackling a problem it rarely had to worry about until recently — persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity…
Trump’s tariffs prove tougher obstacle than China expected
China’s central bank also guided interbank lending rates … Chinese officials must strike a balance between their determination to reduce financial risks and ensuring that economic growth does not sl… ( read original story …)
