Tourists gather at a hot air balloon festival on July 29 in Zhangye, China. Kong Linsheng—VCG via Getty Images China’s government on Saturday laid out its priorities to spur consumer spending as weak …
FINANCE
China’s financial regulator slaps fines on 17 banks over irregularities
China’s banking and financial regulator has imposed fines of more than 17 million yuan ($2.37 million) on 17 banks for breaching regulations on loan management products and lending, a latest move to …
China issues plan to boost household consumption
China’s State Council released directives to boost household consumption including sectors like child and elder care, and food and beverage. Authoriti …
To revive the economy, China wants consumers to buy better stuff
China is different. In the world’s second-biggest economy, inflation is too low, investment is excessive and interest rates are falling. The government’s most urgent economic task is to encourage …
World’s biggest lithium producer urges state help to compete with China
The world’s largest lithium producer, Albemarle, has urged governments to intervene to loosen Chinese dominance of the market for the minerals that power electric cars.
China investigates executives of state-owned energy and finance companies
Four current and former senior executives of China’s state-owned enterprises in sectors including finance and energy have been placed under investigation for alleged corruption. They are Zuo Zuqing, …
Hong Kong signs agreement with People’s Bank of China to enhance Faster Payment System
The Hong Kong Monetary Authority (HKMA) has signed an agreement with the Chinese central bank to promote cross-border linkages for the Faster Payment System (FPS), creating a framework for …
Former Global Times top editor Hu Xijin goes dark on social media after now-deleted article on China’s economic strategy
At the heart of the matter is a now-deleted article by Mr Hu, weighing in on the outcomes of the recent third plenum. He had written that the omission of a phrase long enshrining the…
China Rejects $1 Trillion Housing Rescue Plan Proposed by IMF
In its annual review of the world’s second-largest economy published Friday, the IMF urged China to use “one-off” fiscal resources …
China’s government bonds extend record run driven by a safe asset shortage, rate cut hopes
The yield on 10-year Chinese government bonds dropped to a record low of 2.124 per cent, as the country’s lower-than-expected economic growth in the second quarter and a protracted property crisis …
Saudi Fund’s Multibillion-Dollar Bank Deals Deepen China Pivot
Saudi Arabia’s wealth fund signed preliminary agreements worth as much as $50 billion with six Chinese financial institutions, in the latest example of the kingdom’s deepening ties with Beijing …
China pledges not to use nuclear weapons first, but is expanding its arsenal
China has begun ramping up diplomatic pressure on the US concerning nuclear issues, while simultaneously strengthening its own nuclear capabilities, according to the Financial Times. Beijing, the only …
China pledges not to use nuclear weapons first, but is expanding its arsenal
China has begun ramping up diplomatic pressure on the US concerning nuclear issues, while simultaneously strengthening its own nuclear capabilities, according to the Financial Times. Beijing, the only …
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