But the business’s prospects were still gloomy because the plant risked being gobbled up by a big company as Beijing encouraged large … of players supported through subsidies, low-interest bank loans, export tax rebates and…
FINANCE
China is CONTROLLING EU: Shock warning China using financial clout to influence Brussels
Proposals to make life more difficult for Chinese investors to muscle in were watered down by eurocrats leaving big hitters from the east free to snap up Europoean companies in strategic sectors. France, Germany and…
South China Financial Holdings Ltd. (0619) Is Yet to See Trading Action on Oct 5
Shares of South China Financial Holdings Ltd. (HKG:0619) closed at 0.052 yesterday. South China Financial Holdings Ltd. currently has a total float of 15.06B shares and on average sees 18.63M shares exchange hands each day.…
Soaring rates of ‘shadow banking’ add to fears of Chinese debt, warns World Bank
Fears that the steep growth of shadow banking could trigger a debt crisis in China’s have been highlighted by the World Bank. In its October report on the East Asian and Pacific economies, the Washington-based…
China Prefers Patriotic Entrepreneurs
This relationship has become more complex since China opened up its economy from the latter part of the 1970s. Post decades of red-hot economic growth, President Jiang Zemin took the decision in 2001 to accept…
World Bank raises East Asia growth forecasts, sees geopolitical risks
Excluding developed economies such as Japan and South Korea, the higher rate is led by China, whose growth projection was revised up 0.2 point to 6.7 per cent, the bank said in its latest East…
Guinea-Bissau Reduces Outstanding Debts with China’s Exim Bank by 90%
Following an official request for support from the Government of Guinea-Bissau, the African Legal Support Facility (ALSF) has provided creditor litigation support and advisory services to Guinea-Bissau during outstanding debt negotiations with the Export ……
Whiff of monetary easing sends China stocks to 2-year high
Mainland stocks listed in Hong Kong closed at their highest level in more than two years on Wednesday after China’s central bank cut the share of deposits that commercial banks must hold in reserve. The…
World Bank raises China GDP growth forecasts
The World Bank has raised its forecast for China’s GDP growth in 2017 to 6.7 percent and 6.2 percent in 2018, from a previous forecast of 6.4 and 6.2 percent respectively. “The economic outlook for…
China seen staying the course on monetary policy: survey
“We think with more consolidated power after the 19th [party congress], President Xi will kick off more real but painful reforms,” said Shen Jianguang, chief China economist at Mizuho Securities Asia. Many also expect the…
World Bank ups forecast for growth
The World Bank on Wednesday raised China’s growth forecast for 2017 and 2018, citing an improved external environment and strong domestic demand. The bank now expects China’s economy to expand by 6.7 percent in 2017,…
China’s Currency: Safer Than Japan’s Yen?
the renminbi’s recent strength is less about investors viewing the currency as a stalwart in troubled times and more about policy changes from the People’s Bank of China (PBOC). I also don’t think the renminbi…
China’s lending tumbles as Belt and Road gets a refresh
Government lending has been inflated in recent years by massive state loans between China and countries such as Pakistan, to which the Chinese government pledged US$46bn in 2015. The latest data from boutique investment banking…
