According to International Energy Agency’s forecasts, renewables will surpass coal to become the largest source of global electricity generation in 2025 and account for over 42% share in 2028, …
FINANCE
China central bank rolls over maturing loans, injects cash
China’s central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as the economy struggles …
China central bank rolls over maturing loans, injects cash
China’s central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as the economy struggles …
China’s Central Bank Keeps Key Policy Steady as Expected
China’s central bank kept its key policy rates unchanged, as widely expected after a flurry of rate cuts last month.
China’s fiscal revenue falls 2.6% in January-July
BEIJING: China’s fiscal revenue fell 2.6% in the first seven months of 2024 from a year earlier, narrowing slightly from a 2.8% slide in the first half, finance ministry data showed on Monday, as the…
A glimpse of the new ‘Great Game’ between the U.S. and China
The competition between the United States and China has seen geopolitical and economic flash points sprawl across continents.
China’s Largest Crude Oil Refiner Challenged by Weaker Economy
But there were bigger swings at the operating profit level that give a better sense of the challenges facing China’s largest oil refiner. While exploration and production rose 15% over the period, …
After the yen carry trade collapsed, get ready for the yuan carry trade
Trades involving borrowing yuan to buy higher-yielding assets are set to be more resilient as China’s central bank keeps its monetary policy dovish, Royal Bank of Canada says. Costfoto—NurPhoto via …
Bank of China President Liu Jin resigns
Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said its board had approved Chairman Ge Haijiao to serve as …
Bank of China President Liu resigns, chairman to be acting president
BEIJING (Reuters) – Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said in a statement that its board had …
China to push supportive monetary policy as financial risks ease: central bank chief
China is gradually resolving a series of financial risks and will press on with a supportive monetary policy to ensure an economic recovery, the country’s central bank chief said on the weekend. In an …
China mutual funds reel from crackdown
China’s $4.4tn mutual fund industry has become the latest target of President Xi Jinping’s crackdown on finance, with new laws limiting fees and funds now subject to tougher and more frequent …
China’s growth helps bolster global economic recovery in H1
According to the latest reports from the IMF and the World Bank, global economic growth is projected to inch forward to 3.2 percent and 2.6 percent respectively this year, with both forecasts …
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