China held its benchmark lending rates at historical lows on Friday, with the government looking to spur a sharp economic recovery this year after the country marked a decisive pivot away from its …
FINANCE
China’s estimated GDP growth rate out of reach for Beijing : WB report
Amid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank’s latest Global …
China: New Henan bank aims to boost governance, cut graft at local lenders
Last year, a connected cluster of village banks in the central province of Henan suffered one of China’s worst financial scandals in years. Beijing’s reaction: to create a new state bank that will …
Davos 2023: China reopens its doors with investment pitch to global elite
China’s Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation. Liu’s explicit pitch to global leaders gathered …
Another Central Bank Official Snared in Graft Probe
Li Guo, a deputy director of the secretariat bureau at the People’s Bank of China (PBOC), has been placed under investigation by the country’s top anti-graft agency, as Beijing continues its drive to …
Bank Worker Who Led Secret Life After $500,000 Heist Caught 25 Years Later
A Chinese woman who lived under a fake identity for 25 years after stealing more than half a million dollars from a bank and having plastic surgery to change her appearance has been caught.
Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’
A consequential, if privileged, piece of China’s economic puzzle … a co-founder of a crypto banking start-up, Flashwire, who moved from Beijing to Singapore in June after getting trapped in Shanghai …
China’s re-globalisation paradox
A t the annual World Economic Forum meeting this week in Davos, Switzerland, China’s economic tsar, Liu He, met a number of “old friends” he had not seen during his countrys …
UPDATE 1-China seen keeping benchmark lending rates unchanged for fifth month
China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are probable after the central bank pledged …
Exclusive: Congo sees deal on $6 bln China mining contract overhaul this year -FinMin
Democratic Republic of Congo expects to reach an agreement on overhauling $6 billion of an infrastructure-for-minerals deal with Chinese investors this year, Finance Minister Nicolas Kazadi told …
China’s recovery may mean the Fed will have to hike rates longer
St. Louis Fed President James Bullard said a reopened China makes him “nervous that will lead to upward pressure on inflation.” As the end of China’s stringent Covid restrictions quickens the …
China seen keeping benchmark lending rates unchanged for fifth month
China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are probable after the central bank pledged …
Asia Hedge Funds Avert Disaster on Scale of Financial Crisis With China’s Reopening
Asia hedge funds narrowly averted their first year of double-digit losses since the 2008 financial crisis after China’s sudden easing of Covid restrictions spurred a late market rally.
