China’s benchmark lending rates were kept steady after the People’s Bank of China held its key policy rates unchanged this month.
FINANCE
Beijing eyes more foreign investment
For instance, in payment methods, Beijing will focus on enhancing the convenience of the use of cash, foreign bank cards and electronic payments, he said. Also, in areas with many foreign residents …
China is recovering, but slower than investors hoped: Strategist
As concerns over China’s economic trajectory linger, there are signs that a gradual recovery may be underway. KraneShares CIO Brendan Ahern joins Yahoo Finance Live to discuss the outlook for the …
Chinese Property Giant Hit With Damning Financial Charges
Lintao Zhang//Getty Images News/iStock This punitive response from China’s securities regulator comes shortly after Beijing issued warnings against financial malpractices amid a housing-market …
Another nail in the China Evergrande coffin: A $78 bn financial fraud | What’s happening?
The China Securities Regulatory Commission (CSRC) has said that China Evergrande inflated revenues by $78 billion in the two years leading up to its debt default …
Evergrande: China property giant and its founder accused of $78bn fraud
Chinese property giant Evergrande and its founder, Hui Ka Yan, have been accused of inflating revenues by $78bn (£61.6bn) in the two years before the firm defaulted on its debt. The country’s …
China is on pace to buy a record amount of Russian oil this month
China is expected to import 1.7 million barrels of Russian crude a day, taking over Indian demand, Kpler data cited by Bloomberg shows.
China sets higher bar for consumer finance companies
BEIJING, March 18 (Reuters) – China’s rules overseeing consumer finance firms have been amended for the first time in a decade, setting a higher bar for non-bank financial businesses providing small …
China international flights are finally starting to bounce back, buoyed by easing of border controls and need to elevate economy
Beijing has relaxed visa rules to attract more visitors in recent months, in line with intentions to stimulate a national economy beset by a property crunch, employment hurdles and hesitant consumer …
China protests Taiwan minister’s role at Seoul summit backed by U.S.
SEOUL, March 18 (Reuters) – China rebuked South Korea on Monday for Taiwan’s participation in a U.S.-backed democracy summit in Seoul, where the island’s Digital Minister Audrey Tang delivered an …
West decries Putin’s landslide election win, China congratulates him
Putin wins 87% of vote in weekend election, says Kremlin Western governments say election was rigged, undemocratic Condemn holding of election in occupied Ukraine regions China, North Korea …
Property investment in China dips 9% year-on-year in Jan-Feb 2024
Property investment in China fell 9.0% year-on-year in the first two months of 2024, compared with a 24.0% fall in December 2023, National Bureau of Statistics (NBS) data showed.
China’s property slump dampens upbeat economic data
STORY: Chinese officials announced upbeat numbers on the economy on Monday. Though the sagging property sector remains a drag on data as well as wider confidence about the country’s recovery. The …
