China’s central bank has hit back at the International Monetary Fund over its reading of the country’s financial health, in Beijing’s latest bid to control the narrative on the world’s second-biggest economy. The IMF’s twice-a-decade…
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‘Everything’s OK’: China hits back at IMF verdict on health of banking system
Watch China’s efforts to influence as Canada pursues trade, says former envoy
GUANGZHOU, China — He was a curious 23-year-old in a bustling train station somewhere in China, at the height of its busiest season, Chinese New Year. He and his two friends didn’t have tickets, but…
China exports growth hits 8-month high, imports defy pollution curbs
China’s exports and imports unexpectedly accelerated last month in an encouraging sign for the world’s second-biggest economy, though analysts expect growth to continue cooling amid a government crackdown on financial risks and polluting factories. As…
China banks warn new asset management rules may trigger systemic risks: sources
The People’s Bank of China (PBOC) did not immediately respond to a faxed request for comment. The new rules will pose a direct challenge to a business model that small- and mid-tier banks have been…
‘Made in China’ brand image will take some time to change, Ogilvy says
Chinese companies have found that the road to becoming international brands has been rocky Mainland brands are now more willing to understand consumers in foreign markets, said Scott Kronick, Asia Pacific president and CEO of…
China logs strong exports, imports, as economy gains steam
HONG KONG — China has reported strong growth in both exports and imports in November in a reassuring sign for the world’s second-biggest economy. Figures posted Friday on the customs department website show exports expanded…
China’s ballooning debt is a major threat to global financial stability, IMF warns
Women dressed in ethnic costumes perform in an outdoor production called “Impression Lijiang”, held on a man made stage on the Jade Dragon Snow Mountain, 3,100m (10,170 feet) above sea level, near Lijiang city in…
China’s banks need more capital after credit boom
Zhou Xiaochuan, Governor of the People’s Bank of China, speaks during the 32nd Annual Group of 30 (G30) International Banking Seminar in Washington, DC, on October 15, 2017. / AFP CHINA’S banks should increase their…
IMF calls on China banks to boost capital after credit boom
The People’s Bank of China praised the report but disputed some elements, including the interpretation of the stress-test results. “We believe . . . that the (IMF’s) descriptions of the stress testing did not fully…
IMF warns on brewing risks in China’s financial system
The International Monetary Fund on Thursday warned of brewing risks in China’s banking system as it found dozens of crucial lenders needed to beef up their protection against possible financial crises. The report comes a…
UPDATE 1-China’s growth objectives clash with financial stability goal – IMF
China’s central bank’s reaction) By Ryan Woo BEIJING, Dec 7 (Reuters) – China should prioritise financial stability above development goals, as pursuit of regional growth targets and helping firms avoid heavy job losses had led…
HSBC has 3-year head start on foreign investment banking rivals in China: Gulliver
HONG KONG (Reuters) – HSBC (HSBA.L) has a three-year head start on its foreign investment banking rivals in China because of the British bank’s unique position of having management control of its securities venture there,…
IMF, World Bank note efforts to reform nation’s finances
A teller counts money at a bank in Taiyuan, capital of North China’s Shanxi province. [Photo/China News Service] Global financial organizations acknowledged China’s achievements in recent economic and financial reforms after a two-year comprehensive ……
