The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable, a central bank official said on Friday, in rare official comments on a liquidity crisis at the …
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China central bank says Evergrande debt woes are manageable
Shenzhen reforms set to improve biz climate
Shenzhen Mayor Qin Weizhong said at a news conference in Beijing on Thursday that as one of the pilot cities for national innovation in improving business climate, Shenzhen is working on a list of …
China, Russia launch joint naval drills in Russian Far East
China and Russia are holding joint naval drills off the Russian Far East in the latest sign of their growing political and military alignment. The exercises Joint Sea 2021 kicked off with a ceremony …
China’s Xi calls for progress on property tax in drive for prosperity
China’s President Xi Jinping warned against government over-promising on social welfare amid a push to achieve “common prosperity” by mid-century, while demanding progress on a long-awaited property …
China’s central bank says Evergrande is unique and most real estate developers are stable
The People’s Bank of China said Friday indebted developer China Evergrande is its own case, and that most real estate businesses are stable.
China’s central bank lists 19 systemically important banks
China’s central bank on Friday unveiled a list of 19 banks it identified as systemically important. The People’s Bank of China (PBOC) identified six state-owned commercial banks, nine joint-stock bank …
China Breaks Silence on Evergrande, Saying Risks ‘Controllable’
China’s central bank broke its silence on the crisis at China Evergrande Group, saying risks to the financial system stemming from the developer’s struggles are “controllable” and unlikely to spread.
Could China’s economy collapse?
China’s economy, amidst electricity shortages, regulatory crackdowns, and a deflating real estate sector, is at a turning point. What will it mean for China, and for the world, if the Chinese economy …
China risks making ‘big mistakes’ with widespread crackdown, says ex-IMF chief economist
Beijing’s crackdown on sectors from technology to property creates “an enormous amount of uncertainty,” said Raghuram Rajan, finance professor at Chicago Booth.
China Has Good Reason to Fear Bitcoin
Beijing is banning Bitcoin because it could destabilize China’s financial system. But blockchain technology and digital currencies could have broader benefits, writes Cornell University professor.
Blockchain boom: Secure payment solution or passing trend?
As the most secure, decentralised transactional system available today, blockchain is gaining ground. But is it really the best option?
WHO inquiry on covid-19’s origins raises China warning
China’s Foreign Ministry on Thursday warned against what it called possible “political manipulation” of a renewed probe by the World Health Organization into the origins of the coronavirus, while …
China, restless by investigation of Coronavirus origin, issues warning to WHO
The Coronavirus originated in Wuhan lab in China, and China has begun to oppose this new inquiry. China has indicated it will reject the investigation, citing that the issue could be used for …
