And then came complaints from residents in Nanning, a city near China’s border with Vietnam, about public parking being auctioned off as a way to secure new loans. Across China local governments, …
FINANCE
Half of China Cities Face Debt Service Difficulty, Rhodium Says
Financial stress faced by China’s local governments is limiting fiscal support for the economy’s recovery, with half of cities facing difficulty in managing the interest payments on their debt last …
China’s stock market sees continuous foreign capital inflow
Foreign capital has continued to flow into China’s stock market this year, with a net influx of 170 billion yuan ($24 billion) through stock connect programs recorded in the first five months, Fang …
Bank of China chairman visits PNG amid Sino-U.S. rivalry
Bank of China chairman Ge Haijiao has traveled to Papua New Guinea (PNG) as the world’s fourth-largest bank seeks an operating license in the Pacific islands nation, which is seeking to boost China …
Canadian pension fund CDPQ puts brakes on China investment, Financial Times reports
Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office this year, the Financial Times reported …
China’s insurance sector surpass expectations says new regulatory body
The performance of China’s insurance sector was better than expected in the first three months, the new regulatory body tasked with supervising the country’s financial sector announced in its first …
Canadian pension fund CDPQ puts brakes on China investment – FT
Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office later this year, the Financial Times …
Bubs on track in the US, China sales falter
Sales in China for the year to June 30 have collapsed to an estimated $13.5 million and $13.8 million versus $53.6 million in the last financial year. Bubs’ new chairwoman, Katrina Rathie, is leading …
Why China’s economic growth machine is on shaky ground
After an initial post-pandemic bounce back, China’s recovery is faltering. Economists warn the slowdown could be permanent as leader Xi Jinping prioritises national security.
China says it will monitor EU talks on Russia sanctions, defend Chinese firms
China will closely follow the progress of European Union discussions on an 11th tranche of sanctions against Russia that could result in trade restrictions with China, Shu Jueting, a commerce ministry …
China’s central bank injects liquidity into market in May
China’s central bank pumped cash into the money market in May to meet liquidity demand from financial institutions. A total of 125 billion yuan (about 17.61 billion U.S. dollars) was injected into the …
A Debt That Could Stunt China’s Economy
Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does …
China’s Henan plans ‘zero-dynamic’ end to youth unemployment
China’s Henan province has unveiled a 100-day plan to “dynamically clear” youth unemployment as concern grows over record levels of joblessness among young adults, with millions more students due to …