Linan Liu of Deutsche Bank says despite China’s slow recovery in domestic demand, she expects consumer confidence to be boosted as the country accelerates its Covid vaccine rollouts.
Tagged By banking
Fitch Affirms Beijing Capital Development Holding at ‘BBB’; Outlook Stable
Fitch Ratings has affirmed Beijing Capital Development Holding (Group) Co., Ltd.’s (BCDH) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’. The Outlook is Stable. Fitch has also …
China’s fiscal revenue up 24.2% in first five months
China’s fiscal revenue jumped 24.2 percent year-on-year in the first five months of 2021, official data showed Thursday. According to data released by the Ministry of Finance, the country’s fiscal …
New digital RMB trial launched in Beijing
Beijing has launched a new trial of digital RMB recently, with consumers able to spend the digital currency at multiple merchants in the city. The Bank of Communications unveiled its digital RMB trial …
Xi Jinping Picks Top Lieutenant to Lead China’s Chip Battle Against U.S.
Chinese President Xi Jinping is renewing his years-long push to achieve technology self-sufficiency by tapping a top deputy to shepherd a key initiative aimed at helping domestic chipmakers overcome U …
US won’t back global tax plan with carve-outs for China – Yellen
U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the United States to decouple in some areas from China to protect its national …
Beijing Vaccinates 80% Adults; Australia Setback: Virus Update
More than 80% of the adult population in Beijing, or 15.6 million people, have been fully vaccinated, local media reported. In Australia, the Astrazeneca Plc vaccine will now only be given to ages 60 …
BUZZ-COMMENT-China central bank’s bark may be louder than its bite
China’s warnings against bets on yuan appreciation were largely dismissed by traders, as the central bank appeared reluctant to intervene directly, until officials’ predictions of possible …
China must consider environmental effect and economic fragility for belt and road projects, study says
Chinese study finds some countries are in desperate need of economic development but their environment could collapse in rapid growth.
China’s economy has not recovered 100% from Covid, says former central bank advisor
Chinese policymakers are “overly aggressive” in containing debt levels, said Li Daokui, an economics professor at Tsinghua University.
Beijing says nuclear fuel rods damaged, no leak from Hong Kong reactor
A Chinese nuclear power plant near Hong Kong had five broken fuel rods in a reactor but no radioactivity leaked, the government said Wednesday in its first confirmation of the incident that prompted …
China pledges to release metal reserves to tackle price and shortage fears
Industrial metals are in the spotlight after Chinese authorities made a pledge to release government reserves to tackle concerns over shortages and high prices. The National Food and Strategic …
Italy says it has broken up China money laundering operation and European metals scam
The case unveiled a network of firms that between 2013 and 2021 sold around 150,000 tonnes of scrap metal, evading taxes on deals estimated to be worth some US$363 million.
