Finance chiefs of the world’s largest economies strongly condemned Moscow for its war on Ukraine. Only China and Russia declined to sign a joint statement.
FINANCE
Most G20 nations condemn Russia for war, China silent
BENGALURU, India (Reuters) – Finance chiefs of the world’s largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint …
China’s Economic Base Is Dwindling
When Beijing announced recently that China’s population shrank, media outlets rightly gave the news attention. The coverage widely speculated that a shrinking population might somehow threaten China’s …
Most G20 nations condemn Russia for war but China stays silent
Finance chiefs of the world’s largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement. India, which as …
Pakistan receives $700 mn from China bank amid economic crisis, eyes another $1,300 mn
Pakistan has received a deposit of $700 million from the China Development Bank, which will provide a much-needed boost to the country’s foreign exchange reserves. The deposit comes as Pakistan has …
China to expand financial support for home rentals amid broader support for the property market
China is introducing 17 new measures to expand financing for home rentals and fundraising options for related companies High rents have become a pressing issue for young home seekers, who have …
China drafts guideline for financial support in house rental
China has drafted a guideline to regulate financial support for the house rental market and started soliciting public opinion. The guideline was jointly drafted by the People’s Bank of China (PBOC), …
China Development Bank ups loan support for agriculture
China Development Bank (CDB), one of the country’s policy banks, boosted its financial support for the agriculture sector last year. CDB’s outstanding agriculture-related loans newly added in 2022 …
China Creates New Entity to Take Over Troubled Insurer Huaxia
Chinese regulators are creating a new insurer to take over the operations of Huaxia Life Insurance Co. after more than two years of state custody, the latest step to rein in financial risks.
China’s economy to rebound in 2023 under precise, forceful monetary policy: central bank
China’s economy is expected to generally rebound in 2023 and monetary policy will be precise and forceful, the central bank said in its quarterly policy implementation report released on Friday. The …
China’s central bank pledges targeted, effective monetary policy
BEIJING, Feb. 24 (Xinhua) — China’s central bank on Friday pledged to make the prudent monetary policy targeted and effective to provide sustainable support to the real economy. In its fourth-quarter …
Beijing Has Announced A Highly Ambiguous Economic Policy
Insight into future policy might have been clearer if these sources had indicated who will replace him and what attitudes the new policy maker might have. The general lack of specificity might invite …
China’s Central Bank Vows to Balance Growth and Inflation
China’s central bank pledged to strike a balance between supporting growth and preventing inflation risks this year, as the economic rebound from three years of Covid damage gathers pace.