Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and …
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China’s Coming ‘Two Sessions’ Put Plans to Jumpstart Economy in the Spotlight
China’s “Two Sessions” policy meetings kick off next … incentives to upgrade large-scale equipment as well as moves to attract foreign investment and reform the financial sector and capital markets, …
China’s parliament to unveil more stimulus next week, bold reforms unlikely
China’s parliament is expected to unveil moderate stimulus plans to stabilise growth at an annual meeting beginning on Tuesday, but may disappoint those calling for a detailed roadmap of bold policies …
Is China Doing What the World Bank, IMF and US are Doing?
The IMF and China have not been alone in doing this, but they have had the most impact due to their financial weight. This has provided short-term solutions for creditors, who until now have avoided…
China Banks Approve $28 Billion Loans for Ailing Property Market
China’s housing ministry said more than 200 billion yuan ($28 billion) of bank loans have been approved for property projects, the latest indication that lenders are heeding the government’s push to …
How China can rescue itself and restore confidence, according to a UBS economist
“Its success will depend on timely action, policy co-ordination and political will,” UBS’ chief China economist Tao Wang wrote for Financial Times.
What’s Wrong With China’s Economy, in Eight Charts
China’s economy is at a turning point. An old economic model underpinned by heavy investment in infrastructure and real estate is crumbling. Growth is slowing and prices are falling, raising the …
China’s ‘two sessions’ 2024: Have new pressures already fractured last year’s economic model?
Beijing needs to … demonstrate to domestic and foreign businesses what China will do and how they can help Fu Weigang, Shanghai Institute of Finance and Law The congress, a meeting of the country’s …
China Feb non-manufacturing activity expands
China’s non-manufacturing activity expanded at a faster pace in February, an official factory survey showed on Friday, likely buoyed by spending during the Lunar New Year, which this year fell on Feb.
Biden is worried China will use its cars to spy on Americans
President Joe Biden is worried China will use its cars to spy on Americans — and that the country could even remotely disable the cars’ functions.
Personal wealth of just $1 million lands you in China’s top 1%. In the U.S., you’ll need $5.8 million. In Monaco, more than twice that.
In the U.S., the threshold is $5.8 million. And for those seeking a fast track into the 1% club, and with unrestricted freedom to relocate, in China, at the bottom of that list of 17…
China tells bankers to be more patriotic
Several bank bosses and former executives have been arrested for graft. Many workers in finance have seen their salaries cut. All in all, this is a prudent moment to leave the Savile Row pinstripes at…
Mainland China banks to offer over-the-counter interbank bond trading from May 1, PBOC says
it can efficiently convert residents’ bank savings into bond investments,” the People’s Bank of China (PBOC) said in a statement on Thursday. “This will enhance the investment returns for the …
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