China banned Wu Xiaobo, a well-known finance writer, as well as two of his peers from writing on the Chinese social media platform Weibo for allegedly spreading “negative and harmful information” …
FINANCE
China’s central fiscal deficit stays within budgeted range, pointing to policy continuity
China’s central fiscal deficit stood at 2.65 trillion yuan ($367 billion) in 2022, basically equal to previous year’s budgeted fiscal deficit. Analysts attributed the fiscal deficit control to the …
Pakistan to start work on $4.8bn China-funded reactor “without delay”
China has signed a preliminary agreement with Pakistan to finance and build a 1.2GW nuclear reactor there worth $4.8bn, CNN reports.
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products. China CITIC Bank is expected to keep a stable financial profile in the next 12 to 18 months due to its…
China in Africa: why Angola’s economy is likely to rely on Chinese financing for decades to come
For the past six years, the country’s president has been trying to cut its reliance on oil and Chinese debt Luanda used surging crude prices to pay down some borrowings but Chinese lenders are still…
Beijing Review: Getting Results
“La única forma de ser provechosamente nacional consiste en ser generosamente universal.” That is Spanish for “the only way to be profitable on a national level is to be generous on a universal one.” …
Yuan Weakens to 7-Month Low Despite China’s Move to Stem Decline
The onshore yuan reopened from a holiday on the back foot, despite a move by China to slow its slide with a stronger-than-expected reference rate for the managed currency.
The South Korean ‘master’ of chips accused of sharing secrets with China
“China has energetically ramped up its state-sponsored industrial … and the output and yield results are not good,” one of them says. CHJS’s financial situation began to deteriorate. According to …
BJ1.BE – Beijing Capital International Airport Co Ltd
Note: if you don’t see a key indicator sub score below it is because this company’s data is not currently available for that area. Get advanced tools and insights to navigate the markets with Yahoo…
China unveils $72bn tax break for green cars to spur demand
BEIJING/SHANGHAI: China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package to boost sales of electric vehicles (EVs) and other green cars over the next four years to prop up softening …
China Steps In to Support Yuan After Recent Weakness Offshore
(Bloomberg) — China set its daily reference rate for the yuan at a stronger-than-expected level to slow its slide, as the managed currency weakened in the offshore market while there was a holiday on …
Big bosses from GIC, HSBC, Blackstone and Ares have met with China’s wealth-fund managers as markets go from red-hot to losers
As Chinese assets lost their post-pandemic oomph, top bosses from HSBC and Blackstone to Singapore’s GIC headed for Beijing to meet their counterparts at China’s US$1.4 trillion sovereign wealth fund.
How long will the dollar last as the world’s default currency? The BRICS nations are gathering in South Africa this August with it on the agenda
Beijing directly blamed the Fed’s interest rate hike for … Even if there is no movement on the joint currency front, there are multiple issues on which BRICS finance ministers as well as central …
ADVERTISEMENT
