China, the biggest creditor to developing economies, has been pressured to explore using debt-to-nature swaps to alleviate the debt burden of Asia Pacific nations, but is not prepared to do so without …
FINANCE
China’s economic losses from natural disasters surge to billions, adding more pressure to struggling economy
A magnitude 5.5 earthquake strikes eastern China as rain continued to pelt the north-eastern regions in the wake of Typhoon Doksuri, adding more pressure to the country’s struggle to recover its …
China Boosts Aid Efforts to Rain-Hit Areas as Storms Kill Six
China has increased aid to storm-affected areas, distributing an additional 350 million yuan ($48.8 million) to support rescue and anti-flooding efforts as heavy rains continue to hit different parts …
Symbol of China’s real estate recession…The shocking background of the 1 trillion yen, 117-story “skyscraper” in Tianjin, China: construction halted due to financial difficulties
The 117-story, 597-meter-high skyscraper is the “Kogin Finance 117” in the suburbs of Tianjin in eastern China, but it has the unfortunate nickname of “the tallest unfinished building in the world.
REFILE-China’s July economic losses from disasters exceed January-June
China’s top economic planner on Friday earmarked an additional 100 million yuan to support post-disaster recovery in Tianjin and Hebei on top of the 100 million yuan announced on Wednesday for Beijing …
China’s lottery sales surge 50.4 pct in first half of 2023
China’s lottery ticket sales surged 50.4 percent year on year to about 273.9 billion yuan (about 38.35 billion U.S. dollars) in the first half of 2023, according to data from the Ministry of Finance.
India ‘open’ to Chinese investment despite tensions with Beijing, official says
We’ll send you a myFT Daily Digest email rounding up the latest Indian business & finance news every morning … Modi has said his government would not normalise relations with Beijing until “peace …
China appoints Pan Gongsheng as new central bank governor, state media report
China has appointed Pan Gongsheng, known for being a firefighting technocrat, as new governor of the People’s Bank of China (PBOC), following his elevation to the central bank’s top political post this month.
China Bank’s six-month profit rose 7% to P10.8 billion
China Banking Corp. said Thursday net income in the first six months rose 7 percent year-on-year to P10.8 billion on
China’s July economic losses from disasters exceed January-June
China’s top economic planner on Friday earmarked an additional 100 million yuan to support post-disaster recovery in Tianjin and Hebei on top of the 100 million yuan announced on Wednesday for Beijing …
China’s banking wealth management market expands in H1
China’s banking wealth management market grew steadily in the first half of the year, according to the China Banking Wealth Management Registration and Depository Center. At the end of June, the number of investors holding…
China rolls out measures to boost economic recovery, confidence
Despite challenges at home and abroad, China’s economic recovery continues apace, and the country is extending support measures to boost confidence, ensure sustained recovery and promote high-quality …
Market Rallies On Government Policy, How Apple Is More China Exposed Than US Investors, Week In Review
The joint press conference from the National Development and Reform Commission (NDRC), Ministry of Finance (MoF), People’s Bank of China (PBOC), and State Taxation Administration reiterated a host of …
