The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG LLP to conduct an audit of its balance sheet,
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China’s Troubled Shadow Bank Plans Debt Restructuring, Taps KPMG
China’s central bank conducts 168-bln-yuan reverse repos
BEIJING, Aug. 17 (Xinhua) — China’s central bank conducted 168 billion yuan (23.31 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to keep liquidity in…
China’s troubled $188 billion shadow bank plans debt restructuring, taps KPMG
SHANGHAI – The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure … While little known outside China, Zhongzhi is among the …
China demands U.S. lift steel, aluminum tariffs after WTO ruling
A WTO dispute settlement panel said Wednesday that China acted “inconsistently” with the WTO obligations by imposing additional duties on some U.S. imports in response to U.S. tariffs on steel and …
China’s postal sector registers stable growth in January-July
China’s express delivery service companies handled 70.3 billion parcels from January to July, a year-on-year increase of 15.5 percent. Their business revenue jumped 10.5 percent from a year ago to 649 …
China urged to tackle online racism targeting Black people
Human Rights Watch says racist tropes ‘common’ across Chinese social media, and that platforms and government must act.
Chinese duties on US imports ‘inconsistent’ with WTO obligations
A World Trade Organization (WTO) dispute settlement panel on Wednesday found that China had acted inconsistently with its WTO obligations by imposing additional duties on certain U.S. imports in …
The Lab Leak Theory Still Counts as Misinformation in a New Study of COVID-19 Claims
A new study published by The Journal of the American Medical Association purports to track the spread of COVID-19 misinformation during the course of the pandemic, and largely blames 52 specific …
Central bank digs deeper to grapple with investor gloom
Beijing: The People’s Bank of China (PBoC) moved to improve fragile market sentiment yesterday with a step up in its recent support for the yuan and an injection of cash into the financial system. The…
Who has benefited most from a long-running research pact between China and the U.S.? The answer may surprise you
Theft of U.S. intellectual property by China-backed state actors is a political and economic strategy that’s been in play for years. Now, amid rising tensions between the world’s premier economic and military superpowers,
China’s economy is teetering — and these European companies are among the most at risk
CNBC Pro screened for stocks with most revenue exposure to China and found that some companies derive more than half of their sales from the country.
China’s Real Estate Crisis Echoes Lehman Moment; Country Garden Warns Of ‘Major Uncertainties’ As Bond Redemption Looms
China is grappling with a monumental financial challenge as the turmoil in its real estate sector reverberates throughout the broader economy. Amid a backdrop of liquidity crises among numerous real …
Beijing to create US$1.4 billion robotics fund as part of plan to become the industry’s ‘international industrial highland’
The fund will be used to help incubate the latest innovation, develop commercial products and finance mergers-and-acquisition activities in the Chinese capital’s robotics industry.
