The country needs to develop its domestic green finance industry, attract international investors and improve its overseas investments … ( read original story …)
Tagged By banking
Barack Obama: ‘I could not have a trade war’ with China due to global financial crisis
Barack Obama says that a hardline approach to China on trade is ‘entirely legitimate’, amid speculation that president-elect Joe Biden will continue Donald Trump’s tough stance. ( read original story …)
China stocks slip as healthcare shares, bond defaults weigh
China stocks ended lower on Tuesday, weighed by losses in healthcare stocks on concerns over lofty valuations, while more bond defaults hit sentiment. ( read original story …)
China Should Set Around 5% GDP Goal for 2021-2025: Think Tank Economist
China should set an average annual economic growth target of around 5% for the 2021-2025 period, a senior economist at a top government think tank said on Tuesday, in line with a Reuters report. China…
China backs G20 debt relief plan, says finance minister
China will continue to support the Group of 20’s debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Mini … ( read original story …)
Bloomberg New Economy: Calls Ring Out for a U.S.-China Reboot
China relationship hasn’t been this fraught since normalization in the 1970s. Former U.S. Treasury Secretary Hank Paulson on Monday noted that his warning two years ago that a new Iron Curtain would … ( read original story…
China-Pakistan CPEC project has long road ahead as Beijing puts hold on projects
The Covid-19 pandemic, ongoing political unrest and foreign debt limits have resulted in a slowing of Chinese investments in Pakistan as Beijing has put a hold on … can dictate terms on China … (…
China c.bank tries to soothe market nerves after SOE debt shocks
China’s central bank injected more than $120 billion yuan into the country’s banking system on Monday in a move to soothe rattled nerves after a series of debt shocks involving state-owned enterprises … ( read…
Bank of England Leak, Biden’s Plan, China Rebounds: Eco Day
Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week. ( read original story …)
China’s consumer spending picks up in October
Retail sales in the world’s second-largest economy rose 4.3 percent on-year last month, Beijing’s National Bureau of Statistics (NBS) said Monday. ( read original story …)
China’s Factory Output Beats Forecasts as Asia Shakes off COVID Slump
BEIJING (Reuters) – China’s factory output rose faster-than-expected in October and retail sales continued to recover albeit at a slower-than-forecast pace, as the world’s second-largest economy … ( read original story …)
China c.bank injects 800 bln yuan of medium-term loans, rate unchanged for 7th month
China’s central bank on Monday injected 800 billion yuan ($121 billion) in medium-term loans into the banking system and kept borrowing costs unchanged for the seventh straight month. ( read original story …)
China commercial lenders told to safeguard asset quality
Commercial lenders must increase their loan loss provisions in advance and dispose of more non-performing loans to prevent further asset quality erosion due to the lingering effects of the Covid-19 … ( read original story…
