Firing up the grills boosted Zibo’s national profile and lured millions, but it has done little to economically transform the heavily indebted city.
FINANCE
China’s August exports grow faster than expected as Beijing tries to rev up its stumbling economy
Exports grew by 8.7% to $308.65 billion compared to the same period last year, yet imports rose just 0.5% year-on-year.
European business confidence in China is at an all-time low, report says
China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group said Wednesday. With …
China refuses to sign agreement to ban AI from controlling nuclear weapons
AI is already used for military reconnaissance and surveillance and in the future could be used to pick targets autonomously.
In-depth: China’s finance for African renewables rebounds after two-year lull
In the past, the bulk of Chinese financing had been driven by the backing of China’s two policy banks – the Export-Import Bank of China (EXIM) and the China Development Bank (CDB) – and directed…
BMW Cuts Financial Targets on Recall Costs, Muted Demand in China
BMW lowered its financial targets for the year, citing a recall and market headwinds, including muted demand in China.
China’s financial crisis is the ‘biggest story in the world’ and is about to trigger a global meltdown
China is the world’s second biggest economy, after growing at breakneck speed for decades. Yet now it’s in deep trouble and authoritarian leader Premier Xi Jinping can’t save it …
China urged to spend up to $2.1trn to battle deflation
Economists warn the more embedded deflation becomes, the more it will cost to dispel it through stimulus measures.
China urged to spend up to $1.4tn to battle deflation
China needs to spend up to Rmb10tn ($1.4tn) over two years in stimulus funds to reflate its economy and return it to sustainable growth, investment bank economists said, as concerns grow that …
China Dives Back Into Euro Debt Market Amid Likely ECB Rate Cut
(Bloomberg) — China is returning to the international debt market after … Campus The Plan for the World’s Most Ambitious Skyscraper Renovation The Ministry of Finance announced it will issue up to …
Vanished Banker Loses $750 Million in China’s Unending Crackdown
In the go-go years when China minted a billionaire every two days, banking rainmaker Bao Fan almost reached that milestone himself.
Best of BS Opinion: China’s demographic liability, rural banking and more
Rooted in the one-child policy and changing social and cultural norms, China has huge demographic challenges ahead. What are the long term implications for markets, the global eco …
China supports sustainable financial support for AU-led peace operations
China supports the provision of adequate, predictable, and sustainable financial support for African Union (AU)-led peace operations, Fu Cong, China’s permanent representative to the United Nations, …
