Rules cover everything from defence and technology to infrastructure, transport and financial services but officials insist they are not protectionist. ( read original story …)
Tagged By banking
China Has A $15 Trillion Problem With Economic Reality
Given the opacity that pervades China’s bond market, it’s unclear how many debt payments are actually being missed. ( read original story …)
China freezes bank account of Hong Kong pastor who stood against violence
A leader of elderly church volunteers who stood in human chains to “protect the children” is targeted in a clampdown on pro-democracy supporters. ( read original story …)
China’s Bungled Overseas Loans Reveal a Key Weakness
The nation’s vaunted Belt and Road Project was meant to build influence around the world. Instead, it’s stirred resentment. ( read original story …)
Chinese PV Industry Brief: Beijing wants to loosen restrictions on glass
The Chinese government is planning to loosen the existing restrictions on new investments in additional PV glass production capacity, according to a document published by the Ministry of Industry and … ( read original story…
China Says Economic Recovery ‘Not Yet Solid’ After Pandemic
China said its economy had yet to fully bounce back from the coronavirus pandemic and pledged financial support for recovery efforts at the end of a key annual policy meeting on Friday. The country ……
Five Years On, China’s World Bank Challenger Has Fallen Short of Lofty Predictions
The Asian Infrastructure Investment Bank is still a minnow compared with its counterparts, and was founded during a period of much stronger diplomatic relations with China’s commercial partners. ( read original story …)
Innovation and retooling are buzzwords for China’s fintech giants in 2021 as they roll with the punches in new regulatory landscape
The innovative and entrepreneurial fintech industry is scrambling to retool credit operations to comply with harsher regulation handed down by Beijing, and may bounce back stronger than ever next year … ( read original story…
Beijing steps up efforts of further opening up
Beijing received approval from the State Council in September to build a comprehensive demonstration zone for further opening up the service sector and a pilot free trade zone. Since then, it has … ( read…
Next China: Ant Looks in the Mirror
Ant Group Chairman Eric Jing had a humble message to deliver this week: we’re ready to change. Addressing the 4th China Internet Finance Forum a month after regulators halted the fintech giant’s $35 … (…
Hong Kong and China stocks drop as Covid-19 cases, US-China friction rise again
The Hang Seng Index declined 0.5 per cent to 26,545.96 in early trading. The Shanghai Composite Index, which recorded its biggest gain in more than two weeks on Thursday, dipped 0.1 per cent to 3,400.…
China’s economic impact in the Arab world has soared since the Arab Spring but jobs haven’t
As 300 million young Arabs enter the workforce over the next twenty years, the region faces a jobs crunch that will add new stresses to the region’s many fault lines. ( read original story …)
UPDATE 1-China regulator approves opening of fifth nationwide bad loan bank
China’s banking and insurance regulator said on Thursday it has approved the opening of China Galaxy Asset Management Co., Ltd, the fifth asset management company in the country that will mainly deal … ( read…
