Xi says China and Europe can contribute to world peace ahead of meeting with President Emmanuel Macron and EU chief Ursula von der Leyen …
FINANCE
Chinese EV maker BYD welcome to open factory in France, French finance minister says
France would welcome China’s electric vehicle giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday. “France welcomes all …
China property fix aims to restock speculation
Again, this requires strong financial support from the central bank and state lenders. However, if Xi is to realise his vision of a “new development model” for the sector, another source of demand for …
China’s central bank survey shows ‘precarious’ job market, low consumption demand still weighing on economy
More than 46 per cent of urban residents polled by People’s Bank of China say job market is ‘uncertain’, while 62 per cent aim to save more Findings present continued challenges for policymakers …
China Development Bank lends 104b yuan for transportation, logistics infrastructure development in Q1
BEIJING — China Development Bank said it had issued 104 billion yuan ($14.63 billion) in loans during the first quarter of 2024, in an effort to bolster the advancement of transportation and …
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
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 …
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 …
