Zhu Guangyao, former vice-minister of finance, told China Perspectives why China’s insistence on reform and opening-up is so important at the time of geopolitical tension and some countries’ strong …
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China defends manufacturing push, says world needs more EVs
China’s manufacturing capacity is helping the world fight climate change and contain inflation, says Vice-Finance Minister Liao Min, pushing back against US Treasury Secretary Janet Yellen’s latest …
Cash-starved Pakistan engages in debt ‘reprofiling’ talks with China
Islamabad is asking that Beijing delay at least $16 billion in energy sector debt repayments and extend the term of $4 billion cash loan facility because of Pakistan’s economic troubles and dwindling …
US special agents raid Chinese firm Fuyao Glass over ‘financial crimes and labour abuse’
Raids at Ohio factory and 27 other locations come as Chinese business delegation visits US ‘to consolidate economic and trade cooperation’.
China to support Pakistan in securing IMF deal: Finance Minister
Islamabad: Finance Minister Muhammad Aurangzeb announced on Sunday sad that China will help Pakistan to secure approval for the International Monetary Fund (IMF) agreement.
Hungary’s secret €1 billion loan from China: A financial lifeline
Hungary secretly borrowed one billion euros from Chinese banks, as reported by journalists from the “Politico” portal. The agreement allows Hungary to maintain a public debt to GDP ratio of 28.9 percent.
Five charts that show why China needs to fix its finances
“In response to the financial difficulties of local governments and grassroots … growing local deficit is that since the tax system was reformed in 1994, much of China’s tax revenue has been paid to …
Trump cites China competition in vowing to create bitcoin ‘stockpile’
Republican presidential candidate Donald Trump told a bitcoin conference on Saturday that the U.S. must dominate the sector or China would, his latest move to court advocates of cryptocurrency, which …
China’s Central Bank Surprises Markets With Second Lending Operation This Week: Fed Likely To Hold Rates Steady At July FOMC
The People’s Bank of China has executed an unscheduled lending operation at significantly lower rates, indicating a potential increase in monetary stimulus to support the economy.
Cash-strapped Pakistan asks China to delay loans – Will Beijing extend favour?
As per the PTI reports, media reports indicate that their visit, spanning three days, involves meetings with several Chinese officials, including Pan Gongsheng, Governor of the People’s Bank of China …
China’s banking sector faces deepening crisis amid economic slowdown
As China’s economic growth slows and its financial system shows signs of strain, the country’s banking sector emerges as a potential flashpoint that could threaten not only domestic stability but also global economic health.
China Bank unit sees another banner year; H1 earnings up
The thrift banking arm of Sy family-led China Banking Corp. is seeing another banner year after its earnings in the first semester grew by 18 percent to P1 billion on the back of its expanding…
China Bank Savings nets P1 billion in first half
The thrift banking arm of Sy-led China Banking Corp. saw its net income jump by 18 percent to P1 billion in the first half from P849 million in the same period a year ago, on…
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