Subscribe to our Telegram channel for the latest updates on news you need to know. BEIJING, March 30 — Chinese state-run shipping giant Cosco Shipping Development Co said yesterday that it holds a …
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Industrial Bank net profits up 1.15 pct in 2020
Industrial Bank Co., Ltd., one of the first batch of joint-stock commercial banks on the Chinese mainland, saw its net profits rise 1.15 percent in 2020. Its net profit attributable to shareholders …
Bank of China’s New Boss Seeks to Allay Concerns Over Rise in Lender’s Dud Loans
The incoming president of Bank of China has sought to dispel concerns about an increase in non-performing loans at the lender by saying fluctuations in bad loan levels are no cause for worry so long…
China container maker reaping rewards as Suez Canal blockage adds to global shortage, demand set for record high
Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China’s macroeconomic …
China Approves Restructuring of Sinochem and ChemChina
(Bloomberg) — China gave approval for a restructuring … said in November 2019 that they were exploring a merger and working on finance and legal matters. The deal would create an oil-to …
UPDATE 1-Chinese state shipping giant COSCO holds stake in Bank of Kunlun
BEIJING, March 30 (Reuters) – Chinese state-run shipping giant COSCO Shipping Development Co said on Tuesday that it holds a 3.74% stake in Bank of Kunlun, which has acted as a key official channel …
China asks banks, internet firms to clearly disclose annualised interest rates for all loan products
BEIJING, March 31 (Reuters) – China’s central bank asked financial institutions on Wednesday to clearly disclose annualised interest rates for all loan products, in order to enhance consumer …
China’s threat to Taiwan needs more scrutiny
Over the past week, the testimony of America’s two most senior admirals in Asia, Philip Davidson of the Indo-Pacific Command and John Aquilino of the Pacific Fleet, before Congress was chilling.
How does China lend? Insight from a study of 100 loans
Is China a predatory lender? A new study of 100 contracts between Chinese lenders and government borrowers examines the nature of Chinese loans.
UPDATE 1-Chinese scientist says Beijing did share all COVID-19 data with WHO
A senior Chinese health official said on Wednesday there was no factual basis to accusations that China did not share data with researchers appointed by the World Health Organization (WHO) to look …
BBC correspondent forced out of Beijing by ‘pressure and threats’
“In the end we, as a family based in Beijing, along with the BBC, decided it was just too risky to carry on – which is, of course, sadly precisely the point of that kind…
China energy supply faces ‘no problems’ despite Australian coal ban, Myanmar conflict
China’s coal imports fell in the first two months of the year from the same period in 2020, but authorities say they are confident the country’s energy needs are safe.
China Mulls Tax Overhaul for Steel in Push to Meet Green Goals
China is considering a number of tax changes for its mammoth steel industry to bolster efforts to clean up one of the dirtiest industries in the world’s top carbon emitter.Officials are considering …
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