A giant tsunami of debt has hit the world amid the pandemic with borrowings gone out of control. The world is staring at a giant pile of debt worth $226 trillion in total. It is…
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China needs ‘firewalls’ to guard against systemic risks, but economy resilient to short-term pressure: central bank
China must ‘seize this window of opportunity’ to implement domestic-facing monetary policies before US Fed’s upcoming interest rate hikes, economist says Fresh comments by People’s Bank of China show …
China cracks down on illegal debt financing at local exchanges
China is launching a nationwide inspection of local financial asset exchanges, with a focus on their debt financing activities, after some platforms were found to be illegally facilitating financing …
China, still a 2022 worry: Morning Brief
In fact, Deloitte’s fourth quarter CFO Signals survey, released on Thursday, found that finance chiefs are getting gloomy about what 2022 has in store for the global economy — and China is a …
China Front-Loads 2022 Special Bonds to Boost Local Infrastructure Spending
China’s finance ministry has offered local governments an early allocation of 1.46 trillion yuan ($228.9 billion) in quotas for 2022 special-purpose bonds (SPBs), as Beijing steps up efforts to …
China’s fiscal revenue up 12.8% in first 11 months
China’s fiscal revenue registered a year-on-year increase of 12.8 percent in the first 11 months of the year, official data showed Friday. The country’s fiscal revenue amounted to 19.13 trillion yuan …
China Govt Land Sales Down for Fifth Month Amid Cash Crunch
The Chinese government’s revenue from land sales fell for a fifth straight month in November as a liquidity crunch engulfed the country’s most indebted developers amid persistent market headwinds. In …
China benchmark lending rates seen lower even as other c.banks tighten
China’s benchmark lending rates will likely be set lower next Monday, after standing still for 20 months, according to a Reuters flash poll, highlighting Beijing’s monetary policy divergence with …
Hong Kong the ‘most important’ channel for financial activity between U.S. and China: Advisory firm
Kurt Tong of The Asia Group says he doesn’t foresee either a “full-on” financial decoupling between the U.S. and Hong Kong or the U.S. and China, but the situation is becoming more “cumbersome.” …
China’s new foreign-friendly financial market rife with opportunities, but limits still abound
If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin. China opening up its …
BEST Inc. Completes Sale of its Express Business in China
BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China, today announced the closing and completion of its …
China’s ‘buy now, pay later’ market is growing — but challenges remain
China’s buy now pay later market is set to grow — but the industry is still at a nascent stage, and challenges lie ahead, experts told CNBC.
China Ramps Up Iran Oil Purchases After Getting New Quotas
China ramped up its buying of cheap Iranian crude last month after independent refiners were granted additional import quotas for 2021.Most Read from BloombergAcross the U.S., School Shooting Threats …
