Russian Finance Minister Anton Siluanov said during a budget meeting Monday that Russia was “grateful” for Beijing’s partnership.
FINANCE
‘All our drones come from China,’ Russian minister says
Russia’s finance minister Anton Siluanov stressed Russia’s dependence on China for drone supplies. Putin is set to travel to Beijing on Tuesday to attend the Belt and Road Initiative summit.
China Bet It All on Real Estate. Now Its Economy Is Paying the Price.
After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.
Has China squandered its golden opportunity to overtake the US? Here’s why one analyst is predicting this is its ‘last decade’ of power and prosperity
China’s enormous population — the largest in the world until India’s recently surpassed it — served as cheap labor for assembling goods that were exported aggressively. Meanwhile, the government …
China saw moderate Q3 growth as hurdles persist
China’s economy is expected to have seen moderate growth in the third quarter, according to an AFP survey ahead of data this week, while experts warn that there were still significant hurdles for its …
‘Majority of drones are from China’: Russia reveals drone supply source
According to the Head of the Russian Ministry of Finance, Anton Siluanov, during a meeting of the State Duma’s Committee on Budget and Taxes, most of the drones utilized by Russian occupiers have been …
Drones in Russia are mainly from China – finance minister
MOSCOW, Oct 16 (Reuters) – Russia’s drones are mostly sourced from China so Moscow will spend more than 60 billion roubles ($618 million) on a new national project to develop drone manufacturing, …
Beijing Fuels Economic Recovery with Real Estate Stimulus and Eased Mortgage Rules
In the heart of Beijing, there is a palpable sense of anticipation. The bustling city, known for its robust real estate market, is witnessing a significant shift in policy. The Chinese government, …
Former Bank of China boss arrested on corruption charges
Liu Liange charged with accepting bribes and illegally granting loans amid country’s anti-corruption drive …
China’s central bank to bolster liquidity support; keeps policy rate unchanged
The People’s Bank of China launched a total of CNY 789 billion via a one-year medium-term lending facility (MLF) to the banking system, left the interest rate unchanged at 2.50%, and ramped up efforts …
Former Bank of China Chairman Arrested: A New Chapter in Xi Jinping’s Anti-Corruption Campaign
Former Bank of China Chairman Liu Liange has been ensnared in the dragnet of President Xi Jinping’s anti-corruption campaign, marking another high-profile figure’s fall. The arrest comes after an …
China’s Central Bank Injects $108 Billion into Banking System Amid Economic Challenges
It was a day like any other in Beijing, under the autumn sky, when the news broke. The People’s Bank of China (PBOC), the country’s central bank, had injected 789 billion yuan ($108 billion) into…
Top procuratorate orders arrest of former chairman of Bank of China
BEIJING, Oct. 16 (Xinhua) — The Supreme People’s Procuratorate (SPP) has ordered the arrest of Liu Liange, former chairman of the board of directors of the Bank of China, for suspected bribe-taking …
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