Chinese Vice Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee, speaks via video link with Swiss Federal Councillor and Finance Minister Ueli …
FINANCE
China warns of ‘fight to the finish’ if confronted over Taiwan
Speaking in Beijing yesterday, Mr Wang said the cause of current tensions was the Taiwan government’s attempts to “rely on the United States for independence”, Reuters reports. Taiwan is a flourishing …
Chinese financial regulators instruct banks to step up bond issuances and loans to boost M&A activity in property sector
The move is being viewed as Beijing marginally loosening its tight grip on China’s 16.2 trillion yuan (US$2.5 trillion) property industry, after a slew of defaults by developers such as Modern Land …
China’s Interest Rate Cut Sparks Market Sell-Off
A surprise interest rate cut by People’s Bank of China (PBOC), the country’s central bank, confused financial markets on Monday, sending global equity indexes on a tailspin. The sell-off began in Asia …
China Matters Shows the Innovative Apple-Growing in Yantai
Yantai, a coastal city in north China, has been known by its high-quality apple varieties and a history of apple growing for over 150 years. With the label of “Yantai apples” worth US$2.35 billion, …
China to curb new ‘hidden debt’ in 2022 to fend off systemic financial risks
China will firmly curb the increase of new “hidden debt” and stabilize the mechanism that settles existing “hidden debt” to guard against systemic financial risks, while speeding up preliminary work …
China’s first benchmark rate cut in 20 months signals ‘serious easing cycle is unfolding’
The rate cut reflects growing concern over gross domestic product growth in China, which bounced back strongly from the initial impact of the coronavirus in early 2020, but has slowed in recent months …
No One Believes China’s #MeToo Tennis Star Peng Shuai Really Retracted Her Sexual Harrassment Accusation
Ji via ReutersThe retraction of a sexual-harrassment allegation against a high-ranking Chinese Communist Party member by tennis star Peng Shuai has understandably been met with global skepticism. Peng …
For first time since 2020, China decreases benchmark volume
The People’s Bank of China decreased its benchmark loan volume for the first time since April last year due to the increase of financial stresses.
China lowers benchmark lending rate first time in 20 months
China on Monday cut the one-year loan prime rate (LPR), a market-based benchmark lending rate, by 5 basis points (bps) to 3.8 percent.
China Adds Property Support With M&A Funding, Bank Rate Cut
China is ramping up support of the embattled real estate sector as growing stress in the industry threatens to deepen an economic slowdown.Most Read from BloombergSouth Africa Hospitalization Rate …
China key as global economic recovery struggles
Risks and uncertainties continue to stalk the global economy as it struggles to recover from the COVID-19 pandemic. Yet China is battling all odds to maintain stable economic growth and help the world …
China Telecom Honored with “The Best of Asia – Icon on Corporate Governance”
China Telecom Corporation Limited (“China Telecom” or “the Company”; HKEx: 00728; SSE: 601728) was awarded, for the 14th time, “The Best of Asia – Icon on Corporate Governance” in the “Corporate …