German cars are “the best in the world” and the country’s carmakers do not have to fear competition from China, German Finance Minister Christian Lindner said.
FINANCE
Lawmakers want to make China pay its trillion-dollar debt to Americans
When the People’s Republic of China won recognition as China’s rightful government, it also inherited its predecessor government’s debts …
China writes off interest-free loans given to Zimbabwe
China has written off an unspecified amount of Zimbabwe’s interest-free loans and pledged to help the Southern African country find a way out of its debt crisis, even as activists warned of a …
Former vice president of China Development Bank indicted for bribery
BEIJING — Wang Yongsheng, former vice president of China Development Bank, has been indicted on charges of accepting bribes, the Supreme People’s Procuratorate said in a statement on Friday.
China’s Central Bank Vows to Prioritize Quality of Credit Over Size
There is still room for China’s central bank to take steps to support the economy, but efforts are needed to prevent cash from sloshing around the banking system as real credit demand weakens, senior …
Apple pulls WhatsApp, Threads from China app store after Beijing order
Apple said on Friday it had removed Meta Platforms’ WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.
China’s c.bank signals caution over credit boost as demand weakens
There is still room for China’s central bank to take steps to support the economy, but efforts are needed to prevent cash from sloshing around the banking system as real credit demand weakens, senior …
China’s top lenders face $221 bln loss-absorbing capital shortfall by 2025, Fitch estimates
China’s five globally systemically important banks would have a shortfall in their total loss absorption capital (TLAC) of 1.6 trillion yuan ($221 billion) by January 2025, Fitch Ratings estimates, …
China’s c.bank says has policy room but credit demand slows
There is still room for China’s central bank to take steps to support the economy, but efforts are needed to prevent cash from sloshing around the banking system as real credit demand weakens, senior …
China unloads more US Treasury bills as odds of Fed rate cuts grow slim
China has continued to sell its holdings in US debt as the likelihood of expected interest rate cuts grows more remote and Beijing looks to widen the diversity of its foreign asset pool.
China’s c.bank warns against ‘one-sided’ pursuit of credit expansion
China’s central bank cautioned on Thursday against a “one-sided” pursuit of credit expansion after data showed a slowdown in bank lending, vowing to prioritise the quality of credit over size and move …
Is China’s Economic Rebound Genuine or a Mirage? Explore ETFs
Outpacing expectations, China’s economy grew 5.3% compared to a year ago in the first quarter of 2024, as the country’s factories ramped up production. According to CNBC, China’s economy performed …
French finance minister says Europe must defend industrial interests against China
French Finance Minister Bruno Le Maire said on Wednesday that Europe needs to “show its teeth” in defending its industrial and trade interests against China’s subsidized production, but said he did …
