Such market hopes had helped the onshore yuan post its biggest daily gain in more than two years on Friday, but the currency pared back some of those gains after health officials said on Saturday…
FINANCE
China’s exports shrink unexpectedly as global slowdown jolts demand
China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as surging inflation and rising interest rates hammered global demand while new COVID-19 …
China’s exports, imports shrink as COVID curbs, global slowdown jolt demand
China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as surging inflation and rising interest rates hammered global demand while new COVID-19 …
FXI: Don’t Buy The China Reopening Rumor
China has been the major beneficiary of globalization … member of National Futures Association. Professor of Finance. Editor-in-Chief Journal of Corporate Accounting and Finance. Disclosure: I/we …
China Probe of PBOC Official Shows Anti-Graft Push Continues
China’s central bank voiced its support for an investigation into one of its deputy governors, the highest-ranked finance chief to be probed in President Xi Jinping’s yearlong crackdown to root out …
Dollar Gains as China Sticks to Stringent COVID Policy, Souring Risk Sentiment
The dollar climbed on Monday as sentiment soured after China said it is sticking with its strict COVID restrictions, quashing hopes of an imminent reopening in the world’s second-largest economy which …
China’s No 1 priority is still GDP growth, senior economic official asserts, amid focus on ‘common prosperity’
Comments from Han Wenxiu come amid worries that focus on high-quality development and ‘common prosperity’ could sideline growth priorities.
Asia Pacific’s Vast Open Banking Opportunity
The Far East region and China (China is defined as a separate market) is forecast to be the second largest market for open banking after Europe. Across the Asia-Pacific region, open banking is being …
Deputy governor of China central bank faces corruption probe
The ruling Communist party’s corruption agency said on Saturday that a deputy governor of China’s central bank is under probe on alleged “serious violations of discipline and law”.
African countries face heat as China slows down lending
As China begins to hold back financial help to the world countries like Nigeria and other African nations seem to be stuck in a limbo …
China central bank vice governor under investigation amid anti-graft campaign
Fan Yifei, vice governor of the People’s Bank of China (PBC), the country’s central bank, is under disciplinary and supervisory investigation, according to an official statement released on Saturday.
China’s pledge to help Africa overcome climate change lays ground for green investment boom
China recently pledged to help 19 African nations combat climate change, potentially unleashing a rush of green investment. But experts warn some countries may still prefer help in exploiting mineral …
China investigates central bank deputy governor Fan Yifei
Chinas top anti-corruption agency is investigating a deputy governor of the Peoples Bank of China in a move that signals tighter scrutiny of the central bank after the conclusion of a communist party …