The city government wants to invest nearly $900 million to build a technology, business and governance ecosystem for virtual humans that leverages Web3 technologies.
FINANCE
China’s mounting risks set stage for central bank to rein in stimulus
China may be ready to curb some of the excess liquidity sloshing in the banking system as it turns its focus to mitigating risks in the financial industry.
China’s housing crash has wiped out $90 billion from builders’ stock and bond values this year as debt crisis looms
China’s housing boom is likely over as a debt crisis looms. Developers have lost nearly $90 billion so far this year on stocks and bonds.
China tariffs: 3 factors that could affect whether Biden eases the Trump-era duties
China’s military drills in the Taiwan Strait following House Speaker Nancy Pelosi’s trip to Taiwan are raising new questions about whether the Biden administration will ease tariffs levied against …
Chinese PV Industry Brief: China’s green finance market topped $2.9 billion in H1
Deutsche Bank has revealed that China’s green finance market surpassed CNY 20 trillion ($2.9 billion) in value in the first half of 2022. Haitai Solar has listed shares in Beijing, while Shangji has …
China new bank loans tumble more than expected amid property jitters
New bank lending in China tumbled more than expected in July while broad credit growth slowed, as fresh COVID flare-ups, worries about jobs and a deepening property crisis made companies and consumers …
China new bank loans tumble more than expected amid property jitters
New bank lending in China tumbled more than expected in July while broad credit growth slowed, as fresh COVID flare-ups, worries about jobs and a deepening property crisis made companies and consumers …
China to Accelerate Disposal of Smaller Banks’ Bad Loans
China may start a pilot program in six provinces to further speed up the disposal of bad loans by local small- and medium-sized banks, financial news media outlet 21jingji reported on Friday. The move …
China new bank loans tumble more than expected, credit growth slows
New bank lending in China tumbled more than expected in July while broad credit growth slowed, as fresh COVID flare-ups, worries about jobs and a deepening property crisis made companies and consumers …
With Alibaba stake cut, SoftBank’s Son cools toward China tech
SoftBank Group Corp’s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled…
Baltic States Abandon East European Cooperation With China
Latvia and Estonia joined Lithuania in abandoning the so-called 16+1 eastern European framework with China, which once threatened to divide the European Union in its relations with the world’s most …
Two officials at China’s Henan banking regulator under investigation
Two officials at Henan’s banking regulator are under investigation for suspected violations of law and discipline, China’s top banking and insurance regulator said on Friday. (Reporting by Beijing …
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
The U.S. dollar remains an oasis of stability in a world of volatility, uncertainty and zero-Covid policy mistakes resulting in near-zero growth outlooks.
