China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught … ( read original story…
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Analysis: Creeping Funding Costs Skew China Evergrande’s Deleverage Drive
Chinese city seeks to power urban governance and more using blockchain tech
Authorities in Chengdu, China plan to adopt blockchain for several use cases throughout the city, including urban governance, cross-border trade, smart manufacturing, and agriculture. During the … ( read original story …)
Starbucks Sales Recover Faster Than Expected in US, China
Starbucks saw faster-than-expected recovery in the U.S. and China in its fiscal fourth quarter, giving it confidence as it heads into the holiday season. ( read original story …)
China’s Alibaba And Ant Group Billionaire Jack Ma Calls For Radical U.S. Banking Overhaul
Ma has warned new “digital currencies,” such as bitcoin and China’s digital yuan, could be used to establish a new type of banking and financial system—and called for an overhaul of U.S.-led banking … (…
G20 finance officials set Nov. 13 meeting to finalize debt framework – sources
Group of 20 finance officials will meet virtually on Nov. 13 to finalize a common framework for addressing the mounting debt problems of low-income countries rocked by the COVID-19 pandemic, sources … ( read original…
As the world awaits a coronavirus vaccine, some in China get early doses
But the 23-year-old is part of an extraordinary group: those who have received an early dose of a novel coronavirus vaccine, not in a clinical trial, but because they are Chinese citizens with … (…
China’s Leaders Vow Tech ‘Self-Reliance,’ Military Power and Economic Recovery
The Communist Party’s Central Committee endorsed an ambitious policy program that looks far beyond the coronavirus pandemic. ( read original story …)
Pompeo slams ‘predator’ China as US seeks Asian influence
US Secretary of State Mike Pompeo called China’s Communist government a “predator” Wednesday as he sought to tempt Sri Lanka away from Beijing’s influence and later bolstered the US diplomatic … ( read original story…
China’s First Marine Ranch Platform is Anchored Off Yantai, China
The Genghai No 1, China’s first ecological marine ranch platform, is anchored off the coast of Yantai, Shandong Province, on Thursday, October 29, 2020. The new intelligent complex makes use of … ( read original…
Fish are Netted at a Marine Ranch Platform in Yantai, China
Chinese men net thousands of farmed fish at the Genghai No 1, China’s first ecological marine ranch platform, anchored off the coast of Yantai, Shandong Province, on Thursday, October 29, 2020. The … ( read…
China’s Fifth Plenum: What You Need to Know
China’s leaders issued a blueprint for the next five years – and beyond. Below, the highlights. The fifth plenum of the Chinese Communist Party (CCP)’s 19th Central Committee wrapped up in Beijing on … (…
Crypto-Lottery: China’s Solution for Re-Stimulating the Covid Era Economy
China’s state-run People’s Bank of China is currently backing the currency, as part of the government initiative to create a cashless society, with digital currencies ideally cheaper and easier to … ( read original story…
New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks
New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change. In a letter sent to all regulated entities on Thursday, the New York … ( read…
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