Beijing is using similar tactics employed during … are based in the already-struggling property, heavy industry, and finance sectors. Country Garden, once the gold standard for Chinese property …
FINANCE
China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default
The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period.
Effects of China slowdown spreading
The situation is being regarded with increasing alarm in the South Korean political establishment and the country’s finance ministry has set up a special task force to monitor the economic situation …
China’s central bank conducts 14-bln-yuan reverse repos
BEIJING, Sept. 5 (Xinhua) — China’s central bank conducted 14 billion yuan (1.95 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday. The move aims to keep …
China to guide social capital to boost investment in electronic information industry
China will guide social capital to increase investment in the electronic information manufacturing industry, the industry ministry said on Tuesday, citing a joint plan with the finance ministry.
Why China Hasn’t Unleashed the ‘Bazooka’ Option to Rescue Its Economy
The national authorities sold special treasury bonds in 2020 when the pandemic hit, and in 2009 to cushion the impact of the global financial crisis. Most economists think there’s room to do so again, …
‘Most at risk’: UBS downgrades 2 major automakers over China EVs threat
As China’s former No. 1 automaker … Although UBS expects Renault’s financial performance to remain strong in coming quarters, the bank said most indicators are no longer improving. With about 70% of …
China to improve financial transfer payment system
China will further improve its financial transfer payment system, according to a report from the State Council. This was reported by The Xinhua News Agency. The report on the country’s transfer …
ExplainerChina’s financial-crisis defusing tools see biggest test in a quarter century
China has long been proud of its ability to avoid financial upheaval like that seen in the US over the past three decades, as staving off such confidence-crippling crises is one of Beijing’s prime …
China’s financial-crisis defusing tools see biggest test in a quarter century
From intentionally setting up ‘bad banks’ in the ’90s to more recent bank takeovers, Beijing has a deep bag of policy tools to make economic repairs Defusing debt crises often comes with long-term …
Bank of China: Retail Platforms Must Support China’s Digital Yuan
The director of the People’s Bank of China’s Digital Currency Research Institute emphasized the importance of wallet providers enabling digital yuan payments in all retail scenarios.
China’s digital yuan head urges unification of Alipay, WeChat Pay QR codes as PBOC pushes e-CNY adoption
The digital yuan should eventually be a payment option across ‘all retail scenarios’, said Mu Changchun While pilot trials of e-CNY started in 2019, convincing Chinese consumers to use the digital …
China extends VAT refund policy for firms procuring Chinese equipment until 2027
China’s finance ministry announced on Monday that it will extend a value-added tax refund policy aimed at encouraging domestic and foreign research institutions to purchase Chinese-made equipment …