Bank of China’s vice president said on Wednesday that the bank’s asset quality is still under pressure, as bad loans from personal business loans and mortgages grew.
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Bank of China says pressure on asset quality persists
Bank of China’s 2024 profit rises 2.6%
Bank of China beat forecasts on Wednesday with a 2.6% rise in 2024 net profit, according to a filing. Profit climbed to 237.84 billion yuan ($32.74 billion) from 231.90 billion yuan in 2023, the bank…
China Flies Next-Generation Fighter After Trump Announces US F-47 Jet
Two Chinese fighter prototypes were seen flying for the first time on Boxing Day, including the J-36, that has been spotted twice in the last two weeks.
Chinese FM responds to whether import restrictions on Japan’s seafood would be lifted if test results show no abnormalities
In response to a question on whether import restrictions on Japanese seafood would be lifted if the upcoming second test result of seawater samples collected near Fukushima Daiichi nuclear power …
Chinese tea chain Chagee reveals revenue surge in US IPO filing
Russia said on Tuesday the U.S. had agreed to help it lift restrictions on food, fertilizer and shipping companies in exchange for agreeing to a maritime security deal in the Black Sea.
Bank of China Posts Profit Gain on Lower Credit Impairments
Bank of China Ltd. reported a 2.6% increase in full-year profit as a drop in impairments helped offset pressure from falling interest rates.
Bank of China 2024 profit rises 2.6%
Bank of China (BoC) reported a 2.6% rise in net profit last year, according to a filing on Wednesday. Profit was 237.841 billion yuan ($32.74 billion) last year compared to 231.904 billion yuan in …
‘While others rent, China buys…’: Financial analyst warns Beijing’s real game isn’t what you think
This isn’t just an economy,” Joshi writes. “It’s a financial empire in the making.” He explains that while many still see China as an export-driven economy, its real strategy is far more calculated.
India-China direct flight soon? Chinese envoy signals warming ties, says ‘spring of relations is arriving’
Direct flights between India and China were suspended in early 2020 following the outbreak of the Covid-19 pandemic, as both countries imposed strict international travel restrictions.
China Sends Ominous Warning to US Ally: ‘Playing With Fire’
China said that military cooperation between the Philippines and other countries should not target any third party.
Trump is targeting Venezuela’s oil exports, and China is caught in the middle
Countries buying oil and gas from Venezuela would have to pay a 25% tariff to the US if they also trade with America.
China’s artificial intelligence boom might help mitigate some tariff pain
For Chinese companies wary of U.S. tariffs, the big difference between President Donald Trump’s first and second terms is generative artificial intelligence.
Lao Airlines to start operating a C909 jet as China’s COMAC expands internationally
Government-owned Lao Airlines is set to start operating COMAC’s C909 regional jet, a spokesperson for the country’s flag carrier said, joining several other Southeast Asian nations preparing to add …
