China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call for energy …
Tagged By banking
China’s green credit balance tops 15 trillion yuan
Outstanding green credit of 21 major banks in China reached 151 trillion yuan 237 trillion US dollars at the end of 2021 of …
China’s private firms get more loan support in 2021
Loans granted to private businesses in China saw growth in 2021 as the country has been improving financial services for them. As of the end of last year, outstanding loans to private firms stood at…
Analysts: China opposes sanctions for good reasons
BEIJING: One month after the Ukraine crisis broke out, China and an increasing number of like-minded nations have voiced objection to unilateral sanctions by United States-led Western countries.
China economy faces worst slowdown since pandemic, says financial experts Nomura Holdings
China’s economy faces its worst downward pressure since the spring of 2020 when it was hit by the first wave of Covid-19, according to Nomura Holdings Inc.
Top 10 highlights of China’s economy in 2022
Global accounting and consulting firm EY recently analyzed the top 10 highlights and potential opportunities of China’s economy in 2022. Based on policies stipulated in the tone-setting Central …
Beijing has stopped the panic in China’s stock markets, but it must do more to convince investors
Intervention to calm panic is welcome but took too long, coming only after 16 months of intense crackdowns, including on tech giants Tencent and Alibaba The rhetoric must now be matched with concrete …
China’s yuan under pressure amid ‘unprecedented’ capital outflows following Russian invasion of Ukraine
Investors have pulled money out of China on a huge scale even as flows to other emerging markets held up, the Institute of International Finance says Analysts expect fund outflows in yuan-denominated …
China’s national wealth remains vulnerable to Western financial sanctions, no matter what it does
Sanctions on Moscow show that foreign reserves held by central banks are never truly ‘safe’, which is bound to make Beijing uncomfortable Yet when it comes to shifting away from Western currencies, …
Economic Watch: China scales up VAT rebates to boost market entities
China is set to boost its value-added tax (VAT) credit refunds in the country’s latest tax and fee reduction efforts to ease the burden on businesses and shore up the vitality of market entities. The…
China’s central bank on hiring spree to expand e-CNY digital currency trial
China’s central bank said it would expand the scope of its digital yuan trial this year, as it rushed to fill hundreds of engineer and product developer positions to accelerate the initiative. The …
China’s financial stability guarantee fund to safeguard against systemic risks to be ready by September
China’s Premier Li Keqiang said in this year’s work report this month that China would set up the fund to safeguard against systemic risks …
U.S. China Decoupling Has Already Begun
The question now is how fast and how far it goes. George Magnus writes on the fallout of the Russian war for the world’s most important economic relationship.
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