China must guard against any rebound in off-balance sheet lending in the so-called shadow banking sector, says Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission. ( read original story …)
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China must guard against rebound in shadow lending, banking regulator warns
US-China tensions: Sectors Beijing and Washington to focus on for ‘economic dominance’
THE US and China will focus their efforts on three main sectors to secure “global economic dominance” over the other, international affairs analyst Agathe Demarais warned. ( read original story …)
China’s purchases are ‘lacking’ but the U.S. is still ‘happy’ with the trade deal, ex-White House negotiator says
China trade deal is just not about purchases but structural changes too, said Clete Willems, a former deputy director of the National Economic Council. ( read original story …)
China factory output flat, retail sales slip
China’s factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country’s recovery from the coronavirus pandemic remains muted. The data … ( read original story…
China’s Banking Watchdog Warns Fed Easing Risks Financial Crisis
The Federal Reserve’s unparalleled stimulus risks plunging the world into financial crisis, according to the chairman of China’s banking watchdog, who also warned that bad debts at Chinese financial … ( read original story …)
China must guard against rebound in shadow lending: regulator
China must guard against any rebound in off-balance sheet lending in the so-called shadow banking sector, and must dispose of non-performing assets as soon as possible, the head of the country’s … ( read original…
Could the Recession Revive the Savings Gene in China and India?
Consumer spending in the two countries helped revive the global economy after the Great Recession. That might be harder this time around. ( read original story …)
CGTN: 15 years on: In China, green is new gold
Saturday marks 15 years since the proposal of the green development concept – “Lucid waters and lush mountains are invaluable assets.” Yucun Village, a flourishing hamlet in east China’s Zhejiang … ( read original story…
China new local COVID-19 cases fall as Xinjiang cluster recedes
China’s new locally transmitted cases of the novel coronavirus fell to a one-month low as a cluster in the western region of Xinjiang receded, data released by the country’s health authority on Sunday … (…
First Into the Virus Slump, China Is Proving the Fastest Out
China’s economy, the first to succumb to the coronavirus, is proving to be the fastest to recover. An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and … ( read…
Delayed US-China trade review could give Beijing some breathing space as Donald Trump seeks re-election
The two sides were due to review their phase one trade deal after six months, but one observer said the delay was ‘no bad thing’. ( read original story …)
China’s Banking Sector Expected to Dispose $490 Billion of Bad Loans in 2020: Xinhua
China’s banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by COVID-19, the official Xinhua News Agency … ( read…
Trump Says He’s ‘Looking Into’ Banning China’s Alibaba in the U.S.
U.S. President Donald Trump on Saturday said during a press conference that he was “looking into” whether Chinese technology giant Alibaba should be banned in the United States. (Reporting by Steve … ( read original…
