The province of Liaoning epitomises the precarious nature of China’s regional banking system, which has been blighted by allegations of financial crimes and bad loans.
FINANCE
Laos Faces Debt Crisis After Borrowing Billions From China
On Thursday, the Group of Seven nations pledged to raise a $600 billion fund from public and private sources to finance infrastructure projects in developing countries. The aim is to counter China’s …
China’s new Mars images show off the country’s robust (but secretive) space program
With a $24 billion budget and dozens of active, high-profile missions, it’s not surprising that NASA is the most visible of the dozens of government space agencies in the world. Just this week, the …
Boeing disappointed after China’s top three airlines buy 300 Airbus planes
(Reuters) – Boeing Co said on Friday “it is disappointing that geopolitical differences continue to constrain U.S. aircraft exports” while responding to China’s three biggest state-owned airlines …
China’s Xi Jinping counters criticisms on 25th anniversary of Hong Kong’s return
China’s leader Xi Jinping has marked the 25th anniversary of Hong Kong’s return with a speech that emphasized Beijing’s control over the former British colony under its vision of “one country, two …
China to step up financing support for major projects
China will increase financing support for its major projects through policy-based and developmental financial instruments, a State Council executive meeting chaired by Premier Li Keqiang decided on …
UPDATE 1-China Southern to buy 96 Airbus A320neo jets, biggest order since COVID
China Southern Airlines said on Friday it would buy 96 Airbus A320neo jets in the biggest plane order by a Chinese airline since the start of the COVID pandemic and in a major boost to…
Unemployment among China’s Gen Z has hit a record high — and it’s only expected to get worse
The country’s entry-level job market is bleaker than it was during the 2008 global financial crisis, and graduates are worried about job prospects.
China warns ‘risks to economic ties’ with Germany amid change in Berlin’s policy
Germany’s new China strategy has irritated Chinese leadership as Berlin has now been trying to diversify its economic relations away from China and towards ‘democracies and partners with shared values …
UPDATE 1-China’s central bank to step up policy implementation to spur growth
BEIJING, June 29 (Reuters) – China’s central bank said on Wednesday it will step up the implementation of prudent monetary policy and keep liquidity reasonably ample, in a bid to support the …
China Adds $45 Billion to Stimulus to Pay for Infrastructure
China announced another stimulus measure to finance infrastructure projects, part of its push to drive investment and increase employment in the second half of this year as the economy starts to …
Renewed Selling Pressure Predicted For China Stocks
The China stock market bounced higher again on Thursday, one session after halting the four-day winning streak in which it had jumped more than 140 points or 4.4 percent. The Shanghai Composite Index …
Central banks look to China’s renminbi to diversify foreign currency reserves
Central banks are looking towards the renminbi to diversify their foreign currency holdings in a sign that geopolitical flare-ups could chip away at the dollar’s dominance. The …
