He denied that the lender was delaying its application for a local bank in China and said its overall roll-out in the nation was on track. The firm is slowing its hiring of relationship managers,…
FINANCE
China takes steps to ease up on regulatory crackdown as economy slows
Beijing has given tentative approval for Ant Group to revive its initial public offering (IPO) in Shanghai and Hong Kong, two sources told Reuters on Thursday, the biggest sign yet of a cooling of …
It will take time for China’s consumers to recover from lockdown
I n april 2020, just after China’s first wave of covid-19 had passed, Hermès opened a new 511-square-metre shop selling luxury bags, scarves and jewellery in Guangzhou, the cap …
Is China Slowly Turning Its Back to Russia?
Russia’s biggest bank, Sberbank, has suspended yuan transactions and Huawei is closing outlets in the country.
China’s May New Yuan Loans Seen Rebounding on Central Bank Support -Reuters Poll
China’s new yuan loans likely rebounded sharply in May after a drop in April, a Reuters poll showed, as the central bank ratchets up policy support for the slowing economy. Chinese banks are estimated …
China’s May new yuan loans seen rebounding on central bank support
read more Local media reported last month that China’s financial authorities had told commercial banks to speed up lending. In May, the central bank cut its benchmark reference rate for mortgages by …
Alibaba, Meituan paid the bulk of China’s US$3 billion antitrust fines in 2021, report shows
E-commerce giant Alibaba Group Holding and on-demand service platform operator Meituan together contributed 92 per cent of the antitrust fines handed out in China last year, according to an annual …
Credit Suisse Taps Brakes on China Expansion, Delays Local Bank
Credit Suisse Group AG is tapping the brakes on its China expansion, postponing its biggest mainland project, in a sign that weakness in Asia’s largest economy is prompting global banks to temper …
China’s growth momentum expected to rebound: economist
Despite challenges ahead, China’s growth momentum is expected to rebound in the second half of the year as a result of the government’s stimulus plans, Ibrahim Chowdhury, World Bank senior economist …
China’s economy is likely to grow ‘barely more’ than the UK’s this year, says economist
Simon Baptist of The Economist Intelligence Unit says it expects China’s economy to grow by only 4% this year, as it’s in a “really weak state.” …
Caving to China Won’t Fix Biden’s Inflation Crisis
America has a severe inflation problem. We feel it every time we go to the grocery store, or a restaurant, renew an apartment lease or fill up our car—our paychecks …
China’s Southern Strategy
Toward this end, starting in the mid-1950s, Beijing provided technical and financial assistance to revolutionary and anticolonial liberation movements in the Third World. China’s own domestic turmoil …
China’s Exports Rebound in May as Covid Disruptions Ease
(Bloomberg) — China’s exports grew at a faster pace in May than the previous month as Covid disruptions to production and logistics eased. Most Read from Bloomberg Target Tries to Save Itself by …
