Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing will agree “at some point,” according to a top envoy.Most Read from BloombergIvana Trump, …
FINANCE
China faces many challenges in achieving its full-year economic targets, says statistics bureau
However, a spokesperson for the National Bureau of Statistics of China said the country is performing better than the U.S. and Europe when it comes to inflation. CNBC’s Evelyn Cheng reports.
China-backed rail projects postponed due to lack of funding: DOTr
Former President Rodrigo Duterte’s “Build, Build, Build” is once again facing some bumps as the construction of several China-backed railway projects is put off due to scarcity of funding. According …
China’s Interventionist Approach to Managing Financial Risks
While Beijing has studied the mistakes of past financial cleanups, its current approach risks making new ones.
Instant View: China’s economy contracts in Q2, global risks darken outlook
“Looking ahead, we expect China’s economy to pick up speed in the run up to the 20th Party Congress, on increased stimulus measures and easing COVID-19 control policies.” The window for further policy …
China central bank renews medium-term policy loans, rate unchanged for a sixth month
China’s central bank rolled over maturing medium-term policy loans while keeping interest rate unchanged for a sixth straight month on Friday, matching market expectations.
China Banks Report $312 Million of Bad Loans in Mortgage Boycott
China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential …
China PBOC Keeps Key Policy Rates Unchanged
The People’s Bank of China kept its key policy rates unchanged on Friday while injecting fresh liquidity into the financial market.
China Shares Waiting On GDP Data
Among the actives, Industrial and Commercial Bank of China skidded 1.13 percent, while Bank of China tumbled 1.82 percent, China Construction Bank declined 1.59 percent, China Merchants Bank plunged 3 …
China GDP data to show sharp slowdown in Q2, tepid recovery in June
China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted factories and consumers, although activity in June may have perked up.
Is China Stumbling Into Its Own Mortgage Crisis?
A rapidly spreading protest — borrowers refusing to make payments on unfinished homes — threatens to rattle the financial system.
Intimidation, crackdowns blow the lid off Chinese rural banking scandal
A massive scandal worth tens of billions of yuan is rocking the critical rural banking sector in China. Authorities blame a “criminal gang” for illegally siphoning off depositors’ money and …
Barclays seeks entry into China’s US$4.3 trillion asset management market
Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its…
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