Islamabad has long portrayed the USD 6.8 billion Main Line-I project to be the main artery of Pakistan Railways and tried to convince China to finance the project, the Chinese side has tried to avoid…
Tagged By banking
China Fines Alibaba $2.8 Billion For Breaking Anti-Monopoly Law
The tech giant received a historically large fine Saturday from the Chinese government. Alibaba says it will comply with the fine and “ensure its compliance with determination.” …
Navigating Beijing’s digital cash ambitions
Taiwan’s print media seem to have become engulfed in a “digital currency fever” — almost every day there are reports about digital currencies saying that central banks in many countries are rushing to …
China issues inflation warning as rising commodity, consumer prices threaten economic recovery
China’s leading financial officials released a rare statement warning about the potential rise of commodity prices and consumer inflation, which has become a global concern as major central banks have …
China Fines Alibaba Record $2.8 Billion After Monopoly Probe
China imposed a record fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group Holding Ltd. after an anti-monopoly probe found that it had abused its dominant market position.The penalty is triple …
Beijing orders five Chinese cities including Guangzhou, Dongguan to rein in their runaway house prices
Beijing’s hard stance on curbing home prices and avoiding … Wang Jianfan, director of the tax policy department of the Ministry of Finance, said on Wednesday that the country will “actively and …
Why China is banking on Suez and plans for a new Egyptian capital
The China State Construction Engineering Corporation, the contractor for the project, is building an 80-storey, 385-metre tower as part of the project, which will be the tallest building in Africa …
China Fines Alibaba Group $2.8 Billion in Monopoly Probe
China imposed a fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group after an anti-monopoly probe, part of a regulatory crackdown that has raised concerns about the future of Jack Ma’s tech …
China improves financial support for reform, opening-up in Hainan China improves financial support for reform, opening-up in Hainan
China on Friday issued a plan outlining financial support to Hainan to shore up the resort island’s comprehensive reform and opening-up. The plan was jointly released by the People’s Bank of China, …
Biden’s China policy is tougher on financial firms than Trump’s was, report says
… that allow foreign firms to gain majority ownership of their operations in China, including in finance, Seiberg said. — CNBC’s Michael Bloom contributed to this report. Get this delivered to your …
Secret contracts show how China structures loans to become Africa’s “preferred” lender
A new report led by AidData, a US-based development finance research lab … Lenders included the China Development Bank, the Export-Import Bank of China and state-owned commercial banks.
China Yuchai International Stock Shows Every Sign Of Being Fairly Valued
Because China Yuchai International is fairly valued … is expected to pay on average to all its security holders to finance its assets. We want to have the return on invested capital higher …
China and Russia announced a joint pledge to push back against dollar hegemony
Controlling the world’s reserve currency gives the U.S. government a powerful lever to police geopolitical behavior.
