The Agricultural Development Bank of China, the country’s rural policy bank, released about 20.5 billion yuan (about 3.1 billion U.S. dollars) of loans to 160 rural counties nationwide in the first …
FINANCE
China’s yuan slips as weak growth outlook weighs
China’s yuan weakened against the U.S. dollar on Wednesday as investor concerns about slowing growth in the world’s second-largest economy outweighed a softer greenback, as the country continues to …
China’s biggest hedge funds and insurers trim equity holdings in sign that market has not yet hit bottom
Hedge funds’ allocation to equities fell to 74.3 per cent from 79.5 per cent in March, while insurers’ stock holdings accounted for 12.1 per cent of total assets in the first quarter The benchmark …
After splashy opening, Whittle School faces financial struggles
The debut campus in China, known there as Huitong School … He said he has sought to keep them informed about financial realities, opting for a policy of transparency in a bid to secure as…
China Pledges Greater Credit Support to Stabilize Economy
Chinese authorities have pledged to increase credit issuance and enhance financial support for key businesses and fields. Strengthened financial support will be given for micro, small and medium-sized …
WRAPUP 1-Tightening COVID net, Beijing deals out punishments, stark warnings
China’s COVID-hit capital Beijing further tightened its dragnet on the virus with zero community transmission the target, punishing workplaces that flout rules or circumvent curbs and imploring …
Zero-Covid China gives Airbnb excuse to check out
Another foreign internet firm has vacated China. The $68 billion Airbnb said on Tuesday that it will shut all rental listings and tours in the People’s Republic by end-July, following similar retreats …
China Ensures Healthcare Access for All 510 Mln Rural Residents
China has expanded medical facilities in rural areas in the past decade to ensure its 509.8 million rural residents have access to basic medical services. By the end of 2021, China had set up 23,000…
China remains the most economically important player in Asia, Asian Trade Centre says
Deborah Elms of the Asian Trade Centre says China remains the most economically important player in Asia and discusses why businesses will find it difficult to stop relying on the country.
China to Further Expand Infrastructure Investment
China issued guidelines on Wednesday to expand infrastructure investment by channelling more private capital into existing projects. China will further promote the development of real estate …
China’s Communist Party expels state-owned insurer’s executive accused of graft
SHANGHAI, May 25 (Reuters) – China’s ruling Communist Party has expelled a former … up efforts in recent years to weed out corrupt Communist Party officials in the financial sector. Last week, the …
Asia stocks up but investors worry about rate hikes, China lockdowns
“In Asia, investor debate centers on whether or not China’s easing policies are sufficient to offset … Reuters provides business, financial, national and international news to professionals via …
IPEF aims to be an ‘economic alliance’ against China’s emergence: Ex-India trade secretary
Ajay Dua, former India trade secretary, discusses the four pillars of President Joe Biden administration’s Indo-Pacific Economic Framework.
ADVERTISEMENT
