Economists polled by Reuters predicted GDP would increase 6.1% in the fourth quarter, faster than the 4.9% pace of the prior quarter.BEIJING — China is set on Monday to release official GDP figures … (…
Tagged By banking
Bitcoin: Imagining A Central Bank Buy In
I started thinking: what if central banks got in and started buying? Maybe they want to hoard it and take it out of circulation. “That will be Christmas coming every day for Bitcoin traders. Even…
HSBC chief wrote to Hong Kong activist over frozen bank account
Noel Quinn, HSBC chief executive, personally wrote to a Hong Kong pro-democracy activist to say that the bank was legally obliged to freeze his account, in a sign of the tightrope that corporations … (…
Xi Jinping on Asian Infrastructure Investment Bank
BEIJING — Saturday marked the fifth anniversary of the founding of the Asian Infrastructure Investment Bank (AIIB). President Xi Jinping has firmly supported the operation and development of the AIIB … ( read original story…
China’s rein on financial innovation shows it won’t give up manufacturing for a runaway services sector
China is apparently keen to avoid the ascendancy of ‘moneymakers’ over ‘thing makers’ in Western economies that has helped create economic inequalities and social friction. ( read original story …)
China-Africa relations: Beijing’s financial aid leans towards grants, away from cheap loans, white paper shows
Proportion of aid in grant form increases to 47 per cent in 2013-18 from 36 per cent in 2010-12, government report shows. ( read original story …)
China offers free Covid-19 vaccines, loans to Philippines as Wang Yi wraps up Southeast Asia tour
Analysts said Wang’s trip was timed to shore up alliances between China and its neighbours before Joe Biden becomes US president next week. ( read original story …)
China’s yuan replaces US dollar as most used currency in Greater Bay Area: central bank
The yuan replaced the US dollar as the most used currency in transactions in the Greater Bay Area development zone, a local branch of the country’s central bank said. ( read original story …)
Xi Focus-Quotable Quotes: Xi Jinping on Asian Infrastructure Investment Bank
Photo taken on Jan. 13, 2021 shows the headquarters building of the Asian Infrastructure Investment Bank (AIIB) in Beijing, capital of China. (Xinhua/Li Xin) President Xi Jinping has firmly supported … ( read original story…
China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says
The People’s Bank of China says there will be no U-turn on its policy stance this year as the world’s second largest economy continues to recover from the coronavirus pandemic. ( read original story …)
China central bank vows consistent policies to keep housing prices stable
China’s central bank will keep its regulation on the real estate sector consistent to promote the sector’s healthy and stable development, an official said Friday. The central bank will stick to the … ( read…
Will Biden’s US$1.9 trillion ‘American Rescue Plan’ be a boon for China, or could excessive liquidity lead to financial trouble?
If approved, the latest US coronavirus stimulus package would pump even more liquidity into the global economy, and much of that could rapidly flow into China, where investment returns are higher. ( read original story…
80% of Beijing’s public spending goes to improving people’s lives
Over 80% of Beijing’s public spending went to projects in education, healthcare, and employment to improve people’s lives during the 13th Five-Year Plan period (2016-2020), according to the Beijing … ( read original story …)
