Absa Group has announced the opening of a new non-banking subsidiary in Beijing. The official launch of its new office “fortifies the vital economic bridge between Africa and China”, the …
FINANCE
Why China’s diversified economy garners both praise and criticism
China has achieved economic success not just through repurposing Western technology but by rapidly upgrading and adapting it. Top-down management coexists with local autonomy and bottom-up innovation …
Opinion: Make China stop helping Russia’s war — the hard way, if necessary
If the international community were to propose removing some Chinese banks from SWIFT due to their involvement with Russian banks, it would send a clear message to all Chinese organizations.
China’s Country Garden aims to pay missed coupons by next week
By Clare Jim HONG KONG (Reuters) -Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its …
China – having its chips and eating them (without onions!)
Is the use of sanctions by the USA that stop sales of state-of-the-art processor chips in turn being used by China as the launch pad for the next round of major changes in global IT?
GM can regain market share in China after hitting 20-year low, executive says
GM’s market share in China has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003.
China Education Group Makes The Grade With Rising Profits
China Education Group has slowed its school purchases over the past two years, but spent a hefty 2 billion yuan on campus construction projects in the last six months The company’s financial situation …
China’s local governments swap debt for data as pressure builds to relieve burdens
Local governments in China are exploring the use of data as an asset to help balance their chequebooks – an idea which could reduce their heavy debt burdens but has also prompted concerns over …
1st LD-Writethru: Mastercard’s joint venture starts bank card clearing business in China
Mastercard NetsUnion Information Technology (Beijing) Co., Ltd., a joint venture of Mastercard and NetsUnion Clearing Corporation, received formal approval from the People’s Bank of China, China’s …
Absa opens a representative office in China to boost trade with Africa
Through this expansion, Absa isn’t merely acquiring a new location; we’re affirming our dedication to expanding our global presence and playing our part in facilitating growth on the continent,” Absa CEO Arrie Rautenbach said.
China’s central bank treasury-bond trade restart ‘now certain’ as discussions deepen between monetary, fiscal agencies
State media article on Wednesday says it is ‘certain’ that China’s central bank will participate in treasury bond trading amid better coordination with the finance ministry An instruction by President …
Absa opens Beijing office to unlock trade, investment opportunities, show confidence in China market
South Africa’s Absa Group, a leading pan-African bank, announced on Wednesday the official launch of its new non-banking subsidiary in Beijing. The ambitious move aims to unlock more trade and …
China pours USD166M into urban renewal projects to stimulate economy
In a bid to rejuvenate its economy amidst a housing slowdown, China has announced plans to allocate billions towards the renovation of dilapidated pu …
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