Oil retreated as investors weighed concern a global slowdown will erode demand and China reported widening Covid-19 outbreaks. West Texas Intermediate declined toward $107 a barrel after jumping 2.5% …
FINANCE
China’s equities more attractive for foreign investors
China’s equities are increasingly attracting international investors due to the prospect of the country’s stabilizing economic growth when the capital market is overcast elsewhere. A glimpse at the …
China casts giant shadow over emerging nations’ chase for debt relief
LONDON: From a US$360 million project to expand Zambia’s international airport in Lusaka to a US$1.4 billion city port in Sri Lanka’s capital of Colombo, China is the missing piece in the puzzle of a…
Tesla Q2 deliveries hit by China shutdowns; says June was best month ever
Tesla released its Q2 production and delivery figures, which came roughly inline with street estimates. Tesla produced 258,580 vehicles and delivered 254,695 vehicles in Q2. Deliveries, which the …
In China’s capital, mass testing becomes new normal
The approach is now being followed in most Chinese cities, all of which requires an enormous infrastructure to process millions of daily samples …
Amb. Zhou Pingjian: The So-called ‘Debt trap’ is pure disinformation, don’t tarnish China-Africa cooperation
Kenya’s largest creditor? Not China. Kenya owes less than 10% of its public debt, or, less than 20% of its foreign debt, to Chinese creditors. Labeling China as the main creditor of Kenya is clearly…
‘Hong Kong will survive a US-China financial war’
Executive Councillor and former head of the Hong Kong Monetary Authority, Joseph Yam, said on Sunday that he doesn’t think the US will wage a …
China ratchets up efforts to ease burdens on enterprises
Ministries in China have rolled out a raft of supportive policies to keep enterprises and self-employed businesses afloat amid the COVID-19 epidemic, with a focus on cutting fees and taxes. The number …
China move banks on greater use of yuan
Liquidity arrangement at the Bank for International Settlements not only counters US global monetary dominance, but also is natural evolution for currency of world’s second largest economy The yuan’s …
China’s two policy banks to raise 300b yuan to finance major projects
The People’s Bank of China (PBOC), the country’s central bank, will support two policy banks to raise up to 300 billion yuan ($44.87 billion) via financial bond issuance to fund the country’s major …
China’s two policy banks to raise 300 bln yuan to finance major projects
The People’s Bank of China (PBOC), the country’s central bank, will support two policy banks to raise up to 300 billion yuan (44.87 billion U.S. dollars) via financial bond issuance to fund the …
China’s internet watchdog ramps up crackdown on online scams amid growing number of counterfeit financial services apps
The Cyberspace Administration of China said it has removed 42,000 counterfeit financial services apps since the start of this year The illegal platforms were added to its fraud blacklist, which …
China’s Great Wall Motor shelves US$1 billion India plan: sources
Chinese carmaker suspended its investment plan in India and laid off all employees at its operations there after failing to obtain regulatory approvals.
