A former vice-chairman of China’s banking regulator has been sentenced to life imprisonment, state media reported Friday, the latest target in a crackdown on corruption in the second-largest economy’s …
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China’s central bank agrees Ant Group’s Alipay has no controller
China’s central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma’s Ant Group, the fintech giant that owns the app, according to the …
China’s central bank “sidelined”
The move to downgrade the role of the PBoC reflects growing concerns in ruling circles about continued lower growth.
China panics over economic downturn as warning issued to silence negative analysis
China is seeking to boost public economic confidence by stifling negative commentary about the financial market and other sectors. It comes as President Xi is facing challenging economic headwinds …
Former Vice-chair Of China’s Banking Regulator Handed Life Sentence
A former vice-chairman of China’s banking regulator has been sentenced to life imprisonment, state media reported Friday, the latest target in a crackdown on corruption in the second-largest economy’s …
China’s Stock Market Hit With Massive 87% Drop In Foreign Investment Amid Fears Of Slow Economic Growth, Says Report
China’s stock market recorded a staggering 87% fall in foreign investment in 2023, casting doubts on Beijing’s promise of rejuvenating the slow-paced growth. What Happened: A recent report from the …
China to focus on finance, tech and farms in 12-sector digital push for real economy by 2026
Aims set out in National Data Administration’s draft three-year plan include more than 20 per cent annual growth for the data industry and the doubling of data transactions by 2026.
China to improve fiscal policy effectiveness: officials
China will moderately expand fiscal spending while improving the efficiency and effectiveness of fiscal funds to boost domestic demand and economic development, the Ministry of Finance officials said.
REFILE-China’s yuan leaps to seven-month high, but set for second yearly drop
China’s trade-weighted yuan basket index rose to 97.42 on Friday … We’ve Officially Entered the ‘Lunar Anthropocene’ ‘Always the BMWs’: This personal finance YouTuber can’t believe people go into …
China Central Bank to Help Boost Consumer Prices Amid Deflation Risks
The People’s Bank of China said it would “promote price recovery from low levels and keep prices at reasonable levels.” …
China’s Zeekr to begin selling EVs in Singapore in second half of 2024
Zeekr, owned by China’s Geely, has signed an agreement with a Singaporean company to distribute right-hand drive Zeekr 009 MPVs and Zeekr X urban SUVs to customers in the island nation, a Zeekr …
U.S. companies are skittish about investing in China—unless it’s in fast food chains or cappuccinos
Starbucks has invested $220 million in a manufacturing and distribution facility in eastern China, its biggest project outside the U.S. Budrul Chukrut/SOPA Images/LightRocket – Getty Images There’s …
Geopolitical risk forces aircraft leasing companies to rethink exposure to China
Some international lessors have begun to reduce their exposure to the country, industry executives and analysts said. Friction between the US and China, coupled with uncertainty over war risks …
