China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging …
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China will exempt 3per cent VAT for some taxpayers – finance ministry
China will exempt 3per cent Value Added Tax for some taxpayers to support small firms, the finance ministry said in a statement on Thursday.The exemption will take effect from April 1 to Dec. 31, the…
China-backed bank STOPS lending to Russia and Belarus as Beijing’s support for Putin grows weaker in wake of Ukraine war
Beijing is the largest stakeholder in the multilateral institution – the brainchild of Chinese President Xi Jinping – with almost 27-percent voting power. The bank’s decision will be seen as the …
China sees’ unprecedented ‘outflow of capital since the war
China has seen investors take money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging …
Elon Musk’s ties to China: Lawmaker explains why Congress is worried
Chris Stewart (R-UT) fears China and Tesla CEO Elon Musk might be getting too close. Musk — who’s also CEO of aerospace company SpaceX — isn’t necessarily to blame. Stewart believes China might try to…
Accounting war: China’s financial regulator plans new approach to break deadlock with the US over auditing work
China’s financial regulator has taken a step towards ending the long-standing stalemate with the United States over corporate audits, making an overture to relieve some of the tensions that have …
China banking sector’s net external liabilities at 37.9 billion USD
China’s banking sector had 1.53 trillion U.S. dollars of external financial assets and 1.57 trillion dollars of external liabilities at the end of 2021, resulting in net external liabilities of 37.9 …
China to up financial support for rural vitalization
China will continue to guide banks and insurers to optimize financial services to advance rural vitalization the country top bank …
Chinese banking sector’s net external liabilities at 37.9 bln USD
BEIJING, March 24 (Xinhua) — China’s banking sector had 1.53 trillion U.S. dollars of external financial assets and 1.57 trillion dollars of external liabilities at the end of 2021, resulting in net …
Postal Savings Bank of China reports 1 trln yuan of outstanding microloans
The Postal Savings Bank of China, one of the country’s state-owned banks, saw the outstanding amount of its microloans to small businesses stand at 1 trillion yuan (157.23 billion yuan) on Wednesday, …
China Plane Crash Update: Search Expanded; Calls to Flight Crew
The search area for the flight data recorder of the crashed China Eastern Airlines Corp. jet was widened Thursday, as rain continued to hamper efforts. State media released recordings of attempts by …
China’s yuan touches nine-day low as more pressure seen on yield gap
China’s yuan touched its lowest level in more than a week against the U.S. dollar on Thursday as a narrowing yield gap and traders’ concerns over the impact of the Ukraine crisis weighed. SHANGHAI, …
China front-loads transfer payments to steady local finance
China has earmarked 400 billion yuan (about 62.9 billion U.S. dollars) of transfer payments to help local governments handle pressure from tax refunds, an official said on Wednesday. The advance …
