The United States is losing ground to China in the battle for influence in Latin America and the Caribbean (LAC). The People’s Republic of China (PRC) is strengthening its relationships in the region …
FINANCE
COVID woes worsen in China: World Bank cuts COVID growth forecast
Worsening COVID woes in China have impacted its growth forecast. World Bank has decided to slash China’s COVID growth forecast. Meanwhile, Shanghai has reimposed lockdown restrictions amid a surge in …
China’s May new bank loans surge 1.89 trln yuan, much stronger than forecasts
Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as policymakers try to reverse a sharp, …
Chinese bank completes cross-border remittance of Kenyan shilling
A Chinese bank successfully completed the country’s first cross-border remittance and foreign exchange settlement of Kenyan shillings earlier this week, transferring 2.42 million shillings (about 137, …
China new bank loans nearly triple in May as Beijing tightens policy support
Analysts polled by Reuters had predicted new yuan loans would surge to 1.3 trillion yuan in May from 645.4 billion yuan in April and against 1.5 trillion yuan a year earlier.
UPDATE 1-China becoming more ‘coercive and aggressive’ – U.S. defence chief
SINGAPORE, June 11 (Reuters) – The United States will do its part to manage tensions with China and prevent conflict even though Beijing is becoming increasingly aggressive in the Asian region …
China becoming more ‘coercive and aggressive’
The United States will do its part to manage tensions with China and prevent conflict even though Beijing is becoming increasingly aggressive in the Asian region, including near Taiwan, U.S. Defense …
China’s ‘walking on two legs’ conundrum: how to balance zero-Covid and the economy?
As growth falters and unemployment rises, more attention needs to be paid to the economy to correct an imbalance that has built up over the past two years China’s current leadership could learn much …
New bank lending in China jumps more than expected in May
New bank lending in China jumped far more than expected in May and broader credit growth also quickened, as policymakers try to pull the world’s second-largest economy out of a sharp, Covid-induced …
China’s new bank loans nearly triple in May as Beijing steps up policy support
Policymakers are determined to reverse a coronavirus-induced economic slump, but analysts say both lenders and potential borrowers remain wary of further disruptions.
Taxpayer-funded research projects didn’t check for scientists taking money from China: IG
Federal internal investigators have uncovered alarming failures by universities to require scientists doing taxpayer-funded research to disclose when they also pocket money from China and other …
‘Jurassic World Dominion’ Chomps On $95M+ Through Thursday Overseas; Thrashes To $110M+ Including China Friday
Universal/Amblin Entertainment’s Jurassic World Dominion is putting its dino-print out in an additional 57 overseas markets this weekend after stomping into 15 early hubs last session. Through …
China Bank Lending Increases Notably In May
(RTTNews) – China’s bank lending increased sharply in May as policymakers stepped up efforts to boost credit to firms, official data revealed on Friday. Banks extended CNY 1.89 trillion in May …
