The downward pressures go across the board: weakening spending after the initial boost that followed the lifting of anti-COVID measures; deflationary pressures across the economy; continuing problems …
FINANCE
China’s fiscal revenue growth slows, signals broadening economic pressure
China’s fiscal revenues grew at a slower annual pace in the first six months, data showed on Wednesday, signalling broadening economic …
China’s new central bank boss to accelerate renminbi internationalisation
Following his appointment as the new leader of the People’s Bank of China (PBOC) at the start of the month, Pan Gongsheng will likely accelerate the internationalisation of the renminbi (RMB) and …
China’s Q2 economic performance raises concerns
Beneath the glimmer of its global economic prowess, China finds itself facing a worrying slowdown … The fading momentum of the Chinese economy paints a somber picture for the global financial stage.
Yellen Says US Investment Curbs Won’t ‘Fundamentally’ Hurt China
have a fundamental impact on affecting the investment climate for China.” Yellen spoke from Gandhinagar, India where she’s meeting with finance chiefs from the world’s largest economies. A senior …
China tracks, traces its enemies with Orwellian digital currency assault
The U.S. dollar as the world’s reserve currency and the SWIFT global money transfer system represent the twin pillars of a transparent international financial system.
Australia and China finance chiefs make ‘good progress’ at G20
Australia and China’s finance ministers met Tuesday on the sidelines of G20 talks in India, officials said, the first such meeting for four years …
China’s Flagging Economy Has Global Impact
China’s disappointing GDP growth pushed European stocks and oil downward and triggered a shift in sentiment about future Fed rate changes.
Assessing Treasury Secretary Yellen’s Beijing journey
BY MEL GURTOV “I believe that my bilateral meetings — which totaled about 10 hours over two days — served as a step forward in our effort to put the U.S.-China relationship on surer footing,”…
China Evergrande reports its debt rose to $340 billion in 2022. It plans meetings with creditors
China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the …
Moscow, Beijing’s financial province
Russia’s “turn to the East” imposed by Western sanctions is transforming the Russian financial sector, both ideologically and practically with effects that will be long-lasting. All decisions on the …
PM Shehbaz says China’s Exim Bank has rolled over $600mn loan
ISLAMABAD: China’s Exim Bank has rolled over a $600-million loan, Prime Minister Shehbaz Sharif said at the launch ceremony of the ‘Youth Sports Initiative’ in Islamabad. Pa …
The Treasurer has met with his counterpart from China at the G20 finance ministers meeting
Jim Chalmers has met with China’s Finance Minister Liu Kun, the first Australian Treasurer in four years to have a meeting with their Chinese counterpart.
