Fitch Ratings has affirmed China Southern Power Grid Co., Ltd’s (CSG) Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘A+’. The Outlook is Stable. At the same …
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Fitch Rates Beijing Infrastructure’s Privately Placed HKD Notes ‘A+’
The notes will be privately placed and issued under BII’s USD6 billion medium-term note (MTN) programme, which is rated ‘A+’. The notes are issued by Eastern Creation II Investment Holdings Ltd., …
China Seen Adding Fiscal Stimulus Soon After Setting Priorities
Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and …
China’s yuan firms on settlement demand, c.bank seeks to rein in gains
China’s yuan firmed on Monday as demand for foreign exchange settlement continued to offer support, but a slightly weaker-than-expected daily fixing by the central bank indicated its continued unease …
Former FX Official Says China Should Avoid Excess Yuan Appreciation
Avoiding excess yuan appreciation should be one of China’s priorities in managing market expectations and regulations, a former senior official at the country’s foreign exchange regulator has urged. A …
China Seen Adding Fiscal Stimulus After Setting 2022 Targets
Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and …
Three takeaways from China’s key conference for 2022 economic plan
China is planning to “actively expand” effective investment and boost consumption to prop up its economy against strong domestic and overseas headwinds, while considering to cut taxes to boost …
China Stock Market May Reverse Friday’s Losses
The China stock market on Friday ended the three-day winning streak in which it had gathered almost 85 points or 2.4 percent. The Shanghai Composite Index now rests just above the 3,665-point plateau …
China’s Stats Accentuate Positive, Play Down Negatives, Former Finance Minister Says
A former Chinese finance minister criticized the country’s statistics for not properly reporting negative economic changes, with the rare harsh public statement from a senior figure highlighting …
China raises requirement for banks’ forex deposits, 2nd time this year
China’s central bank on Dec 9 announced it will raise the reserve requirement ratio (RRR) for foreign currency deposits by 2 percentage points, starting from Dec 15. This is the second time the People …
India-Russia ties: why Putin-Modi arms deals are a problem for both China and the United States
Since the start of the Ukraine crisis, Russia has been getting closer to China. Yet now Moscow is selling India weapons likely to be pointed in Beijing’s direction.
China’s Foreign Ministry Speaks Out on Democracy Summit
China’s Foreign Ministry Speaks Out on Democracy Summit. Dec. 11, 2021 (EIRNS)—The Chinese Foreign Ministry issued a lengthy response to the “Summit for Democracy” held by …
China won’t have US-style subprime mortgage crisis: former PBC chief
China does not have structural shortcomings that will trigger a subprime mortgage crisis like the one that occurred in the US in 2007, as the country’s urban and rural housing demand continues to rise …
