The Chinese businessman had walked out of a bank in Kinshasa with 13,624 hundred-dollar bills, 10,001 fifties and 43,000 smaller U.S. notes, despite explicit instructions to prevent it from happening.
Tagged By banking
China’s Bond Watchers Are Missing a Big Part of the Picture
China’s real estate developers owe more than $200 billion in dollar-denominated bonds. Naturally, investors are trying to identify which among them might be the next China Evergrande Group, whose …
China Study Says Adopting U.S. Stance Would Trigger Covid Surge
China would face a “colossal outbreak” on a massive scale if it were to reopen in a similar manner to the U.S.
With absolute power, Xi Jinping is reshaping China, and some of the world
Earlier this month, the Chinese Communist Party’s top leadership passed a resolution that allows President Xi Jinping to stay in power for as long as he pleases. Though this should not have come as a…
China pushes private schools to turn public in ‘fairness’ lesson: Media report
Beijing/IBNS: China’s crackdown on for-profit education gained steam in the current month as authorities push to make private elementary and middle schools public under a banner of promoting “fairness …
Ant Group backed Personal Credit-Scoring Joint Venture Application Accepted by People’s Bank of China
China’s reserve bank confirmed on Friday (November 26, 2021) that it had accepted the application to launch a personal credit-scoring joint venture that is reportedly being backed by Alibaba’s (NYSE: …
How did China’s digital music industry become the second largest in the world?
A decade ago, 99 per cent of China’s digital music was pirated, so why are most consumers now listening to licensed music and streaming legally?
China delivers 6.49T yuan in regional administration bonds
January-October 2021 period. According to information from the ministry, total special bond issuance reached 4.02 tril …
FOCAC proves robust platform for promoting China-Africa ties, says Ethiopian finance minister
The Forum on China-Africa Cooperation (FOCAC) is an efficient and robust means of promoting China-Africa cooperation, Ethiopian Finance Minister Ahmed Shide has said. “In the past two decades, the …
The Gate to China by Michael Sheridan; The World According to China by Elizabeth C Economy – review
Two authoritative books reveal Hong Kong’s role in reviving China’s economic fortunes and Beijing’s attempts to impose its will abroad …
Sri Lankan Finance Minister to visit India seeking support amid major economic & debt crisis
The Lankan Finance Ministers visit is meant to not only secure loans but also seek wider cooperation on a range of other matters, including investment, trade and tourism.
What’s behind Jamie Dimon’s China joke mea culpa
Wall Street firms are vying to manage China’s estimated $27 trillion in savings, which makes it risky to joke about the longevity of the Chinese Communist Party.
Uganda Entebbe Airport To Be Taken Over By China As Beijing Refuses To Renegotiate ‘Toxic Clauses’ In $207million Loan
The Export-Import Bank of China (Exim) is set to take over the Uganda’s Entebbe International Airport over the failure of the Ugandan government to repay a $207 million loan. Uganda Civil Aviation …
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