A first-quarter survey by the China Beige Book found that borrowing by state-owned enterprises dropped to the lowest in the study’s roughly 10-year history. ( read original story …)
Tagged By banking
China is leaving a huge economic void in Latin America. The U.S. should step in and fill it | Opinion
From Chilean copper to Argentinian soybeans to Brazilian iron ore, China continues to vacuum up Latin America’s natural resources. China was already South America’s top trading partner before the … ( read original story …)
Tencent’s Ma Grapples with $170 Billion China Threat
Beijing’s clampdown on its most powerful internet firms is clouding the prospects for Tencent Holdings Ltd. and its $120 billion financial services operation just as it’s casting around for new … ( read original story…
China proposes global rules for central bank digital currencies
China proposed a set of global rules for central bank digital currencies on Thursday, from how they can be used around the world to highly sensitive issues such as monitoring and information sharing. ( read…
China to introduce updated antimonopoly policies by September
China’s State Council on Thursday detailed its plan on the revised anti-monopoly policies in a document explaining the work division of the key tasks mentioned in the country’s annual government work … ( read original…
Origin Agritech and Beijing Dabeinong Technology Group Sign Collaboration Agreement
Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), an agriculture technology company, today announced that it has entered into a collaboration agreement with Beijing Dabeinong Technology … ( read original story …)
China central bank says to deepen exchange rate reform
China’s central bank on Thursday said it would deepen exchange rate reform and increase yuan exchange rate flexibility, as well as improve the green financial system in order to achieve carbon … ( read original…
Backlash in China against Nike, Adidas and other global brands for refusing to buy Xinjiang cotton
Chinese state media names big clothing brands that have cut ties with Xinjiang cotton, labelling them ‘malicious back-stabbers’. ( read original story …)
China to step up financial support for wind and solar power
China said on Thursday it will step up financial support for the development of wind and solar power generation, as part of its efforts to meet its target for carbon emissions cuts. ( read original…
China says will launch more digital yuan pilots
China vowed on Thursday to quicken pilot programmes to develop its digital yuan, as it seeks to boost consumption to shore up economic growth. ( read original story …)
China says keeping peace on Korean peninsula is common goal of mankind
Responding to North Korea’s missile test on Thursday, Chinese foreign ministry spokeswoman Hua Chunying said that maintaining peace and stability on the Korean peninsula was the common goal of all … ( read original story…
‘4am starts and Bank of Mum and Dad’: The parents sacrificing everything for children’s sporting careers
Athletes such as Becky Adlington, Lauren Williams and Ellie Challis might never have succeeded had it not been for the support of family … ( read original story …)
Biggest China Banks’ Profits to Dip for First Time in Four Years
China’s biggest banks are set to report the first annual profit drop in at least four years after they set aside more provisions for bad loans amid the pandemic. Industrial & Commercial Bank of China…
