Within the last five or six years, China has created unbelievably huge companies out of nowhere’, says Citigroup Asia head of investment banking Hong Kong is ‘a very natural place’ for Chinese and …
FINANCE
Govt clamps down on dumping from China: Over 1/3rd anti-dumping duties levied in cases with sole or two producers since FY22
In FY23, the number of cases concluded dropped by half to 25 out of which 24 ended with an ADD recommendation and CBIC accepted only 10, 3 of which covered goods only from China and…
Bank of America warns row with China may hurt PH economy
A further deterioration in diplomatic relations between Manila and Beijing caused by escalating tensions over the West Philippine Sea (WPS) could inflict some serious economic damage to the …
China’s gold-buying spree could be the straw that breaks the dollar’s back
Some commentators have spent decades predicting the imminent demise of the US dollar’s special status as the world’s international reserve currency. Eventually, they will be right, and that day may be …
Global financial institutions increasingly upbeat on China’s stock market
International financial institutions are increasingly upbeat on Chinese stocks, with the NASDAQ Golden Dragon China Index surging by 14.86 percent in the 10 trading days ended on Friday, the highest …
China Development Bank lends 104 bln yuan for transportation, logistics infrastructure development in Q1
BEIJING, May 5 (Xinhua) — China Development Bank (CDB) said it had issued 104 billion yuan (about 14.63 billion U.S. dollars) in loans during the first quarter of 2024, in an effort to bolster the…
Does China’s oil-for-infrastructure lending model in Africa need a rethink?
Chinese resource-backed loans were a lifeline for African economies but fluctuating commodity prices exposed a hidden danger.
Agricultural Bank of China enhances financial services in rural areas
BEIJING, May 4 (Xinhua) — More than half of Agricultural Bank of China’s branches were located in county-level regions as of the end of 2023, amid the bank’s broader efforts in improving financial …
China launches Chang’e 6 lunar probe, revving up space race with U.S.
The first-of-its-kind mission aims to bring back samples from the far side of the moon and is the latest step in a rapidly advancing Chinese space program.
China boyfriend in hot water after giving girlfriend US$97,000 in fake cash to buy flat to keep future in-laws happy
A man in China who was under pressure from his girlfriend’s parents to buy her a flat, filled a suitcase with bank training coupons, which she took to the police thinking he had been conned.
In Graphics | Chinese debt trap: These nations owe Beijing big time
Beijing has set aside over $1 trillion to emerging nations as part of its ambitious Belt and Road Initiative. While India has constantly warned about the ‘dangers of unsustainable financing’ and count …
Solomon Islands ‘locks in’ China ties with another pro-Beijing leader as bilateral security pact still rankles
Manele would likely adopt “a more cautious approach” towards Beijing due to concerns over sovereignty and transparency, Bozzato added. In 2022, Honiara secured a US$66 million loan from China to …
China’s green loans see record-breaking quarterly surge in Q1: central bank
BEIJING, May 3 (Xinhua) — China’s green loans logged an increase of 3.7 trillion yuan (about 520.66 billion U.S. dollars) in the first quarter of 2024 (Q1), hitting an all-time high, the country’s …
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