Montenegro, a tiny Balkan state in heavy debt to China, is negotiating to tap hundreds of millions of euros in cheap European Union credit and preparing to sell off state assets to ease its financial…
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China Delivers Crushing Blow To Wind, Solar Power
China will stop subsidizing new solar farm projects, distributed solar projects for commercial users, and onshore wind farms as soon as this year, Reuters reported …
China Enacts New Rules For $1 Trillion Cash Management Market
China’s Banking and Insurance Regulatory Commission (CBIRC) has imposed new rules on wealth management products for cash.
Is the U.S. Tough Enough on China and the Origins of COVID?
Joe Biden’s intelligence report on the pandemic’s origins is due in August, but Dr. Fauci has warned against taking an accusatory stance.
Beijing Urges Better Control Over Local Government Debt
China’s central government has called for better oversight of local authority budgets and spending, and tighter monitoring of debt after an audit of dozens of local authorities found a string of …
Digital yuan and payment apps Alipay and WeChat Pay are not competitors, China’s central bank says
China’s digital yuan and payment apps Alipay and WeChat Pay were not competitors, Mu Changchun, the director general of the digital currency research institute at the People’s Bank of China (PBOC), …
Bitcoin trading volume and exchange fees dive amid Beijing’s ongoing crackdown in the name of financial stability
China bitcoin: Inner Mongolia reinforces Beijing’s ban on mining with strict rules as more … executive director of investment and trading at Hong Kong-based cryptocurrency finance firm Babel Finance …
China stocks end lower as liquor, financial stocks weigh; post weekly loss again
China stocks ended lower on Friday, dragged down by liquor and financial firms, and posted a second straight weekly loss, while data showed the country’s broader credit growth slowed in May.
China’s watchdog tightens rules for $1 trillion cash management market
China’s banking and insurance regulator issued rules on Tuesday on wealth management products for cash, tightening oversight of the $1 trillion market.
China passes data security law as it continues to crack down on tech giants
The data security law is the latest in a series of laws in China that can affect tech firms’ use of personal data.
China’s digital currency: Beijing firms launch trials with employee salaries
China is rolling out another $6.2 million worth of its digital currency as part of an ongoing trial run. Residents in Beijing can join an online lottery through banking apps. Winners get electronic …
China credit slowdown ‘happening faster than expected’ even as bank loans rose unexpectedly in May
Banks in China extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan.
China stocks slide as liquor, financial firms retreat; Hong Kong up
China stocks slipped on Friday, weighed down by liquor and financial stocks, after data showed the country’s broader credit growth slowed in May. ** The CSI300 index fell 0.8% to 5,230.86 points at …
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