BEIJING: Chinese Vice Premier He Lifeng recently met with executives from global financial giants such as BlackRock, Goldman Sachs and Citigroup.During the meetings, He said China welcomes mor …
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African banks set up shop in China as Beijing pushes for yuan to eclipse US dollar
African banks are positioning themselves to take full economic advantage as Beijing seeks to de-dollarise its trade Africa’s top lenders are opening branches in major Chinese cities in a race to tap …
China’s Military Turmoil Deepens as Defence Minister Reappears Amid Corruption Scandal
The reappearance of China’s Defence Minister Dong Jun at a Shanghai security forum has added a new layer of complexity to the ongoing crisis in the Chinese military. Amid swirling rumours of …
China’s foreign exchange reserves up to 3.2659 trillion USD
China’s foreign exchange reserves totaled 3.2659 trillion U.S. dollars at the end of November, up by 4.8 billion dollars, or 0.15 percent, from the end of October, official data showed Saturday.
China – A Predatory Lender in Africa?
In this century Africa’s vast economic potential, fast-increasing youthful population, changing demography, and growing impact on the international scene have made it a critical arena …
China’s central bank resumes gold purchases after six-month hiatus in November
CHINA’S central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People’s Bank of China (PBOC) showed on Saturday (Dec 7). Read more at The Business …
Milbank to Close Beijing Office, Joining Growing List of Firms
Milbank LLP is shutting down its office in China as global law firms continue to flee the country. Milbank will close its Beijing office early next year, the firm said Friday. The outpost houses one…
China’s central bank resumes gold purchases after six-month hiatus in Nov
China’s central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People’s Bank of China (PBOC) showed on Saturday.
China fires back at Trump’s 10% tariff proposal with a 20% price cut on domestic products — Beijing’s policy will negatively affect chipmakers, including Nvidia and Intel
Following President-elect Trump’s announcement of his plan to impose an additional 10% tariff on Chinese goods, the Ministry of Finance (MOF) of the People’s Republic of China (PRC) released a draft …
Shanghai Stock Exchange to impose self-regulatory measures on China’s Country Garden
Country Garden said on Friday the Shanghai Stock Exchange would impose self-regulatory measures on the embattled property developer, its chairman, chief financial officer and president due to the …
13 US Military Firms Sanctioned: China’s Response to Taiwan Arms Deal
China has taken a bold step in response to the United States’ recent approval of weapons sales to Taiwan. On Thursday, Beijing announced sanctions against 13 American military firms. This decision has …
China to Give Its Firms a Procurement Boost Before Trump Return
China will give products made in the country a price advantage in government procurement, a step likely aimed at helping domestic manufacturers weather possible tariff hikes by the US.
Wall Street Banks Predict Biggest China Rate Cuts in a Decade
China’s central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up growth and arrest deflation, in the view of a number of Wall Street …
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