Shanghai, China’s financial hub, was hit by the strongest tropical storm in 75 years Monday. The city had closed its seaports and canceled more than 600 flights in preparation for Typhoon Bebinca, …
Tagged By banking
With Fed rate cut opening the door, China likely to ease as economic issues grow: analysts
And although an interest rate cut by China may not be imminent, a cut in the reserve requirement ratio (RRR) – the amount of cash that commercial banks must hold as reserves – m …
China Fights US Dollar: Exposes Chinese Banks to Losses
China’s covert strategy to support the yuan using foreign-exchange swaps is putting its banks at risk of billions in losses while creating easy profits for savvy investors. State-run Chinese banks …
China’s economic data in August largely disappointed, pointing to difficulties in meeting Beijing’s annual growth target
China’s economic data in August largely disappointed, pointing to difficulties in meeting Beijing’s annual growth target.
China Considers Strengthening Anti-Money Laundering Laws to Address Fintech Risks
Chinese lawmakers are debating revisions to the country’s anti-money laundering law to better address the risks posed by cryptocurrencies.
Forest City, Malaysia’s China-backed project, to launch special financial zone on Friday
The special financial zone in Johor will offer incentives to boost investment and economic growth, focusing on key export sectors Forest City’s special financial zone (SFZ) will be launched on Friday …
Pork Prices Are Exploding in China, but Inflation Has Barely Budged in the World’s Second-Largest Economy
As everyday Americans deal with inflation by opting for cheaper proteins like sausage, China is wrestling with a meaty puzzle of its own. Pork prices are up 20 percent since the start of this year,…
Africa: Outcome of China-Africa Forum – China Earmarks $50bn Financial Support for Africa in Next 3 Years – Chinese Ambassador
The Chinese government will provide $50.6 billion of financial support through the next three years to African countries for the implementation of the 10 partnership actions reached at the 2024 Summit …
Shanghai slammed by what China says is the city’s strongest storm in seven decades
Shanghai was brought to a standstill on Monday by what authorities say was the strongest typhoon to directly hit the Chinese financial hub in more than seven decades, with flights, trains and highways …
Financial hub of 25 million people braces for lashing from worst cyclone to hit the city since Gloria in 1949
Financial hub of 25 million people braces for lashing from worst cyclone to hit the city since Gloria in 1949.
China finance hub Shanghai braces for potentially devastating typhoon
Shanghai, China’s financial hub, has closed its seaports and canceled more than 600 flights as it braces for what may be the strongest tropical storm to hit the city in 75 years.
Kamala Harris attacks Donald Trump’s tech trade plan during the debate: ‘He basically sold us out’ to China
The vice president called for U.S. investment in technology and workers “to win the race on AI” and quantum computing.
Another Key Executive at Bank of Beijing Falls From Grace, Sources Say
Xu Ningyue, who served as a vice president from 2005 to 2016, and Yan Bingzhu, who was president before Yan Xiaoyan took over in 2002, were taken away by authorities in 2022 and 2023, respectively,…
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