China’s years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from …
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China officially ends adoption scheme for foreign families
China has officially cancelled the international adoption programme that allowed tens of thousands of Chinese orphans and abandoned children to find a new home overseas. Mao Ning, a foreign ministry …
U.S., China still have ‘some differences’ on climate finance, U.S. envoy says
China and the United States still have “some differences” on issues such as climate finance but have made progress in narrowing them during meetings this week in Beijing, U.S. climate envoy John Podesta told reporters…
Chinese President Xi Jinping pledges $50bn financial aid to Africa
President Bola Tinubu on Thursday in Beijing, China, emphasized the importance of global collaboration in achieving shared progress and prosperity. The advice came just as Chinese President Xi Jinping pledged $50billion for development in Africa,
We’re ‘definitely’ going to see more M&A activity in China’s manufacturing, non-bank financial sectors, says CEO
We’re ‘definitely’ going to see more M&A activity in China’s manufacturing, non-bank financial sectors, says CEO Theodore Shou, CEO of Yiyi Capital, discusses the outlook for mergers and acquisitions in China.
China’s ex-central bank governor urges efforts to fight deflationary pressure
China’s former central bank governor Yi Gang said on Friday the country should focus on fighting deflationary pressure as the world’s second-biggest economy struggles to lift-off despite a raft of …
China Ex-Central Bank Governor Makes Rare Nod to Deflation Worry
Former People’s Bank of China Governor Yi Gang said his nation should focus on fighting deflation, in a rare admission by a prominent figure in China that falling prices are threatening the country’s …
Shanghai firms to merge to create China’s largest brokerage
Two of China’s biggest state-backed brokerages are to merge, creating a group with assets of $230bn that will lead a domestic industry under growing pressure to consolidate against a weaker economic backdrop.
China-Owned Brokerages Plan Merger to Create $228 Billion Entity
Two China-owned financial institutions have agreed to merge, creating an entity with $228.28 billion in assets, as Beijing pushes to strengthen its domestic financial market.
China Creates $230 Billion Brokerage to Take on Wall Street
China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the $1.7 trillion sector and build stronger investment banks to compete with overseas financial firms.
China’s tax invoice reforms aim to force companies to clean up their books
China is aiming to digitize its tax-invoicing system as part of the government’s efforts to raise more revenue and limit instances of tax evasion committed by companies, including those in the seafood sector.
China targets ‘green infrastructure’ deals in $50B pledge to Africa
China has inked several green infrastructure deals with African countries pledging $50 billion to the continent.
China promises Africa US$50 billion to finance infrastructure and trade
China has pledged more than US$50 billion to Africa in financing that will deepen cooperation in infrastructure and trade with the continent over the next three years.
