Four of China’s five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic. ( read original story …)
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China’s big banks brace for lagging COVID-19 risks as bad loans rise
Death toll rises to 29 after restaurant collapse in China’s Shanxi province
Twenty-nine people were killed and seven seriously injured when a restaurant collapsed in northern China’s Shanxi province, the country’s emergencies ministry media said on Sunday. ( read original story …)
China’s Wang Yi tells other countries not to interfere in Chinese internal affairs
The Chinese government’s top diplomat, State Councillor Wang Yi, said on Sunday what was happening in the Xinjiang region and Hong Kong was an internal Chinese matter and that other countries should … ( read…
China strikes debt deals with poor nations under G20 scheme
China says it has struck agreements with half of the 20 low-income nations that have requested debt restructurings as part of their efforts to tackle the coronavirus pandemic. “Work on this is … ( read…
China’s top bank ICBC posts 11.4% fall in first-half profit, worst since 2006
Industrial and Commercial Bank of China (ICBC),, the world’s largest commercial lender by assets, said its net profit fell 11.4% in the first half, the biggest drop in the January-June profit since … ( read…
Bank of China first-half profit falls 11.5%, steepest H1 fall since market debut
Bank of China Ltd (BoC) , the country’s fourth-biggest lender by assets, on Sunday posted an 11.5% fall in first-half net profit, the steepest drop for the January-June period since its market debut. ( read…
UPDATE 1-China Construction Bank posts 10.7% profit fall, biggest since 2005
China Construction Bank Corp (CCB) , the country’s second-largest lender by assets, on Sunday posted a 10.7% fall in first-half profit, the biggest January-June decline since its market debut in 2005. ( read original story…
China Construction Bank Profit Drops 11% on Bad Loan Surge
China Construction Bank Corp., the world’s second-largest lender by assets, reported its worst earnings in more than a decade as a cascade of loans to businesses across China are going bad.Net income … ( read…
China’s Big Banks Post Worst Profit Slump on Bad Debt Wave
China’s biggest banks are suffering their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad. Reporting their first-half earnings on Sunday, … ( read…
China’s Brand of Communism
Communism is back in the news. That’s in part because the Trump administration has made a national priority of informing the public about the China challenge. Earlier this summer four … ( read original story…
Senior China diplomat says it’s possible to agree EU-China investment accord by end-2020
The Chinese government’s top diplomat, State Councillor Wang Yi, said on Sunday it was possible to conclude an EU-China investment accord by the end of 2020. ( read original story …)
Opinion: COVID-19 shows we cannot rely on China for medical supplies
America cannot afford supply chain disruptions that led to product shortages like those we experienced at the outset of this pandemic, Walberg writes. ( read original story …)
South Korea running out of sickbeds in COVID-19 resurgence
South Korea reported more than 300 infections of the new coronavirus on Saturday, the 16th day of three-digit rises, fanning concerns about a worsening shortage of sickbeds amid a resurgence of … ( read original…
