The fast growth of China economy provides a welcome lift for the whole world at a time when global economic challenges are intensi …
FINANCE
Chinese couple says they were illegally detained and their bank cards confiscated
CNN’s Selina Wang reports on a massive banking scandal in China that started in April 2022 and has cost the life savings of nearly half a million people.
Foreign investor presence in China’s securities market to become stronger
A poster at a securities brokerage in Nanjing, Jiangsu province, promotes the STAR Market. [Photo by Su Yang/For China Daily] Foreign investors are expected to have a stronger presence in China’s …
China Is Trying To Erode US Dollar Dominance. Its Alternative Is Much Worse.
Alternatives to US dollar dominance can be found if one searches far enough — a bitcoin standard for nation-states for example. Stopping for the dubious promises of the Chinese state is one of the …
FS concludes visit to Beijing
Financial Secretary Paul Chan wraps up his tour of Beijing by visiting the State Council’s Hong Kong & Macao Office, the China Banking & Insurance Regulatory Commission and the Beijing Stock Exchange.
China Central Bank Hints It Will Dial Back Pandemic Stimulus
The People’s Bank of China signaled it may start gradually scaling back some of the stimulus measures implemented during the pandemic as the economy begins recovering and credit demand picks up.
China Specifies Measures to Ease Burden of Student Loans
China has issued a circular on waiving interest and allowing deferred repayment of state-subsidized student loan principal, the Ministry of Finance said Wednesday. College students graduating in and …
Chinese money is flooding into Singapore, Beijing wishes it was being spent at home
Some have been spooked by Beijing’s drive towards “common prosperity … A lot of businesses, especially in manufacturing and finance, have lots of problems because rural workers are not coming back, …
China’s c.bank official dismisses long-term deflation scenario
A recovery in Chinese consumer demand needs time to pick up due to the “scarring effect” of COVID-19, but there is no basis for any long-term deflation, an official from the People’s Bank of China…
Yellen says US seeks ‘constructive’ economic ties with China
U.S. Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, U.S., April 11, 2023. REUTERS/Elizabeth Frantz/File Photo …
China’s central bank expects ‘U-shaped’ recovery in consumer prices
The People’s Bank of China said it’s not expecting inflation or deflation to become a significant problem for China.
China’s central bank official says no basis for long-term deflation
A recovery in Chinese consumer demand needs time to pick up due to the “scarring effect” of COVID-19, but there is no basis for any long-term deflation, an official from the People’s Bank of China…
China Central Bank Pledges ‘Appropriate’ Interest Rates in 2023
The People’s Bank of China pledged to make sure interest rates are appropriate and that credit remains stable as it implements “prudent” monetary policy this year.
