It’s well known that China’s huge and rapidly aging population will grapple with a shortage of pension coverage that looks set to worsen over the next few years. There is no quick fix for state…
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China Expected to Cut Local Government Bond Quota to Reduce Debt
China is set to reduce local government bond sales and rein in its budget deficit this year, scaling back the pandemic stimulus measures that fueled debt while helping the economy recover.The … ( read original…
China Bank grew 2020 net income to P12.1B
DESPITE the surge in bad loans provisions, China Banking Corp. was able to conclude last year’s operations with double-digit growth, bucking the downtrend in the banking sector. The listed bank … ( read original story…
China’s fiscal risks ‘extremely severe’, former finance minister warns ahead of key meetings
Beijing is expected to cut back fiscal stimulus even as Washington … whether to scale back economic stimulus as debt risks loom Lou, who served as China’s finance minister from 2013 to 2016, warned ……
China’s bond market sees 4.3-trillion-yuan issuances in January
BEIJING – The total bond issuances in China amounted to 4.3 trillion yuan ($664.5 billion) in January, data from the central bank showed. Treasury bond issuances came in at 574 billion yuan, while … (…
Bank of Singapore’s Malik on a Week of Roiled Bond Markets, China’s Economic Recovery
Ali Malik, Bank of Singapore Investment Advisor, discusses a week of roiled bond markets and China’s economic recovery. He speaks with Manus Cranny and Yousef Gamal El-Din on “.” (Source: Bloomberg) … ( read original…
Beijing-based AIIB approves US$180mn loan to Sri Lanka for COVID-19 response
The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved a US$180 million loan to Sri Lanka under its COVID-19 Emergency and Crisis Response Facility. The decision was conveyed to … ( read original story …)
Tim Hortons China raises fresh cash, plans to add 200 shops in 2021
Tim Hortons China has completed a new fundraising round from Sequoia Capital China, Tencent Holdings and Eastern Bell Capital, and plans to add more than 200 shops to its network this year, the coffee ……
Op-ed: A digital dollar would help the U.S. and its allies keep China in check
U.S. officials this week offered their most full-throated endorsement yet of a digital dollar. Meanwhile, China has accelerated efforts for a digital currency. ( read original story …)
How Will Kyrgyzstan Repay Its Huge Debts To China?
Faced with a struggling economy and few financial lifelines, Kyrgyzstan is feeling the weight of its swelling state debt — a significant proportion of which is owed to China — and considering some … (…
Why the EU-China investment deal is no free pass for Beijing
US sanctions earned it special access to the Chinese market while disadvantaging European competitors. This levels the playing field.’ … ( read original story …)
Master con woman who scammed Beijing’s high society
A remarkable Chinese con woman is jailed for life after scamming £6 million from a glittering array of Olympic gold medallists, television stars and other celebrities … ( read original story …)
Bulk of China’s tightened belt and road energy finance goes to Africa
The study said US$192.5 billion, or 78 per cent, of CDB and Exim Bank of China total overseas energy finance had been directed to belt and road countries. It also noted that finan … (…
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