China’s local governments are already in trouble due to debts. Infections are increasing with 37,000 cases in March. Xi Jinping downplays the impact on the economy of repeated lockdowns. Testing …
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China Merchants Bank profit up 23 pct in 2021
File photo shows an exterior view of Shanghai Stock Exchange (SSE) in Shanghai, east China. (Xinhua/Ding Ting) BEIJING, March 21 (Xinhua) — China Merchants Bank, one of the largest lenders in China, …
China mulls package to ease Sri Lanka’s economic crisis
China’s ambassador to Sri Lanka says it is considering a request for $2.5 billion in assistance to help the island nation through its worst debt and foreign currency crisis in memory …
China assets remain appealing to foreign investors – state media
China’s sound economic fundamentals, pro-growth policies, and continuous moves to open up markets will make yuan assets more attractive to foreign investors, the official Securities Times said in a …
China debt: anti-corruption watchdog vows clamp down on the ‘money bags’ of local governments
The Jiangsu anti-corruption commissions says local government financing vehicles (LGFVs) are a source of ‘corruption and disorder’ Disclosure requirements for LGFVs, which specialise in off-budget …
Economic Watch: Land of opportunities: why China keeps drawing more foreign investment
Foreign enterprises are eyeing new opportunities in the Chinese market as the country remains one of the top investment destinations despite multiple headwinds besetting the global economy. Foreign …
China’s Banks Keep Lending Rate Unchanged Amid Easing Calls
Chinese banks left borrowing costs unchanged Monday, in line with expectations, as the focus shifts to other possible easing measures from the central bank after top leaders pledged to boost the …
China’s population will likely peak this year, says central bank adviser
Several provinces are already reporting declines in the population growth rate. . Read more at straitstimes.com.
China’s financial institutions’ assets up 8.1% in 2021
China’s financial institutions saw expanded balance sheets in 2021, according to official data. The country’s financial institutions saw their combined assets increase 8.1 percent year-on-year to 381.
Poorest Nations to Repay China $14 Billion in 2022, Report Says
The world’s poorest nations will pay China and its lenders almost $14 billion this year in debt servicing costs, according to new research that urges Beijing to do more to support restructuring for …
HSBC, CICC among major financial firms calling bottom on China stocks after Beijing moves to soothe investors
Some of China’s top investment banks and money managers have started to call a bottom on the world’s second-largest stock market, after Beijing reassured investors by pledging more measures to bolster …
There will be consequences for China if it decides to provide substantial military or financial support to Russia: US Ambassador to UN
In a call with China’s President Xi Jinping on Saturday, US President Joe Biden “detailed the implications and consequences” if Beijing were to provide “material support to Russia” in its attacks …
China’s Debt Is Wooing Buyers Again as PBOC Splits With World
China’s debt is bouncing back after the worst global outflows on record as investors refocus on the country’s growing divergence with the rest of the world on monetary policy.
