The opportunity to have assigned an important agency would not only represent an important feather in the cap for the city of Beijing but also grant a major recognition to a country.
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China to halt overseas coal finance, shift its influence to green and low carbon energy
China’s leader Xi Jinping says the economic powerhouse will stop funding coal plants overseas and shift its focus to green energy.
Investors May Be Further “Left Smarting” After Evergrande As China Retools Economic Policy
“Social stability is paramount, meaning that anything that might spark unrest or appear to privilege wealthy private investors or foreigners while wiping out the savings of average Chinese citizens is …
Iron ore could drop to $US70 a tonne, Bank of America
Prices for the steel-making material could further collapse as the rebound in global growth moderates and China intensifies its effort to curb emissions.
China Injects $18.6 Billion Into Banking System During Evergrande Crisis
China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets. Most Read from …
‘China should install 100GW of green hydrogen by 2030’, says Beijing-supervised body
Beijing may be testing the reaction to a new China Hydrogen Alliance position paper as part of its preparations for a new national H2 strategy, writes Leigh Col …
Ant Group’s micro loan service Huabei begins to share data with China’s central bank
China’s Ant Group has begun to send its consumer credit data to a database run by China’s central bank, a key move for both the company and regulators as Beijing tightens its grip over the…
Investors Are Reading Evergrande All Wrong. China Would Never Allow a Lehman Moment.
The idea of sudden contagion in China’s financial system is misguided. The sector is entirely under state control, write Shehzad Qazi and Derek Scissors of China Beige Book.
China injects $18.6 billion into economy amidst Evergrande crisis
The Chinese central bank, the People’s Bank of China, boosted its gross injection of short-term cash into the financial system …
China’s Evergrande says it will make debt payment
Evergrande’s struggle to comply with financial restrictions imposed by regulators to curb rising debt in the Chinese economy has prompted fears a default might cause global shockwaves.
China’s pledge to end foreign coal finance casts doubt over projects worth $50bn
China’s pledge to end state financing of coal-fired power plants abroad could affect 44 projects with a total value of $50bn, according to US consultant Global Energy Monitor (GEM).
China pledges to stop funding new coal projects overseas
President Xi Jinping told the UN General Assembly that China would focus on helping developing economies embrace low-carbon energy.
‘Writing is on the wall for coal power’: China to ditch overseas coal funding, as US vows to double climate finance
Hopes grow that COP26 Climate Summit could deliver a breakthrough, after two of the world’s biggest emitters deliver key climate pledges …
