The assets of financial institutions in China’s banking sector grew 7 percent year-on-year to 423.8 trillion yuan ($59.43 trillion) at the end of July, Xiao Yuanqi, deputy head of the National …
FINANCE
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion Read more at The Business Times.
Nvidia’s Jensen Huang softens his ‘China will win the AI race’ remark to FT
Nvidia CEO Jensen Huang reportedly told the Financial Times that “China is going to win the AI race,” before releasing a notably softer statement soon after.
Nvidia’s Jensen Huang says China ‘will win’ AI race with US, FT reports
() -Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday. “China is going to win the AI race,” Huang …
China is going to win the AI race: Nvidia CEO
WASHINGTON, Nov. 6: Nvidia CEO Jensen Huang warned that China is poised to surpass the United States in the artificial intelligence (AI) race, the Financial Times reported Wednesday. “China is going …
Nvidia CEO Jensen Huang warns China will ‘win the AI race’: Financial Times
The head of the US chip giant told the Financial Times that Beijing’s energy subsidies were boosting its drive to build cutting-edge semiconductors used to power AI technology.
China borrows as cheaply as US in dollar bond market for first time
China has issued dollar bonds at rates equivalent to US Treasury yields, in what bankers on the deal said was the first time Beijing’s borrowing costs have matched Washington’s.
China-Russia finance ministers agree to expand fiscal cooperation
“China stands ready to strengthen exchanges with Russia in fiscal, taxation and financial fields, promote experience sharing in fiscal management and financial supervision, deepen cooperation in …
Nvidia CEO says China on track “to win the AI race”
Nvidia CEO Jensen Huang has sounded his loudest alarm to date about the U.S. falling behind to China on AI, telling the Financial Times that “China is going to win the AI race.” Why it…
Nvidia’s Jensen Huang: ‘China is going to win the AI race,’ FT reports
(Reuters) -Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday. “China is going to win the AI race, …
Trump’s Trade War With China Is Backfiring Spectacularly
Donald Trump’s tariff war with China is backfiring—with Beijing moving on to cut deals with the rest of the world instead. A New York Times analysis found that China is offsetting its decline in …
China’s green bond market races ahead of global peers
Most of China’s large sustainable projects are not funded by green bonds. According to the People’s Bank of China, the country has Rmb43.51tn ($6.1tn) of outstanding green loans, compared with about …
China to conduct 700b-yuan outright reverse repo operation
BEIJING — The People’s Bank of China said Tuesday that it will conduct a 700-billion-yuan ($98.75 billion) outright reverse repo operation on Nov 5 to maintain ample liquidity in the banking system.
