After the U.S. subprime mortgage crisis in 2008, China launched a policy of “home appliances and cars to the countryside.” The policy used financial funds as support and directly subsidized specific …
FINANCE
WRAPUP 1-Some in Shanghai come out for air as Beijing resumes mass COVID tests
SHANGHAI/BEIJING, May 3 (Reuters … China has given no hint of deviating from its “zero COVID” policy. Yahoo Finance …
Some in Shanghai come out for air as Beijing resumes mass COVID-19 testing
Beijing, with dozens of new cases daily in an outbreak in its second week, is banking on mass testing to locate and isolate infections and avert a Shanghai-like lockdown. The capital of 22 million …
China’s Xiaomi shares dip after Indian authorities seize $730mn
The directorate, part of India’s finance ministry, alleged Xiaomi had made payments … India is one of Xiaomi’s most important markets outside mainland China, and has long underpinned its …
China Tech Stocks Fall as Policy Jitters Outweigh Support Vows
(Bloomberg) — China’s tech stocks fell after a volatile open on Tuesday, as traders weighed policy vows to rescue a slumping economy against the risk of fresh regulatory pressures on the sector.
China supports Sri Lanka’s decision to work with IMF in restructuring debt – Ambassador
COLOMBO (News 1st); Ambassador to the Republic of China in Sri Lanka Qi Zhenhong met with Finance Minister M.U.M Ali Sabry, PC at the Ministry of Finance on Monday (2). A discussion was held on…
ALEX BRUMMER: We mustn’t allow Beijing to get it hands on HSBC
Very little has been heard from China’s greatest entrepreneur of the online age, Jack Ma, creator of Alibaba, since he clashed with Beijing. Ping Am is the fox seeking to get inside the HSBC chicken…
China holds “emergency” conference over sanctions threat
The conference involved officials from the central bank and the finance ministry as well as executives from “dozens of local and international lenders such as HSBC,” the FT report said. All large …
Alibaba Stock Roiled by Report of China Curbs on Person Named Ma
Most Read from Bloomberg Biggest Treasury Buyer Outside U.S. Quietly Selling Billions End of Easy Money Brings a $410 Billion Global Financial Shock Citi Says Trader Made Error Behind Flash Crash …
FirstFT: Beijing edges closer to lockdown
Beijing is tightening coronavirus restrictions after reporting … they should brace for an economic hit and higher energy prices. Russian opposition: Russian banking tycoon Oleg Tinkov claims that he …
Is China readying a policy bazooka to rescue stock investors? Not this time, Swiss private bank says
China has avoided dispensing a “flood-like stimulus” to reflate the economy, offering only a token cut in reserve-requirement ratio on April 15. The restraint is honed from its 4 trillion yuan bazooka …
Beijing looks to save £3.2tln in foreign reserves from sanctions in the event of a military conflict
China’s banking system isn’t prepared for a freeze of its dollar … The US is looking to boost cooperation with European allies, as well as engaging with Japan and Australia after Beijing stepped up …
China Backs Sri Lanka’s Decision to Work With IMF to Restructure Debt
China supports crisis-hit Sri Lanka’s decision to work with the International Monetary Fund (IMF) to restructure its debt, Beijing’s ambassador Qi Zhenhong told Sri Lankan Finance Minister Ali Sabry …