BEIJING, June 9 (Xinhua) — The Bank of Communications, one of China’s largest commercial banks, has strengthened financial support for the green and low-carbon transformation of traditional sectors …
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Watch out Beijing, China’s second-tier cities are on the up
In recent years China’s lesser-known cities have proved more magnetic. These rising metropolises come from the ranks of the second tier. There are 31 cities on this level, according to the government, …
Saudi Central Bank joins mBridge for better cross-border payments
Aiming to build a robust and innovative cross-border payments infrastructure, Saudi Central Bank (SAMA), Saudi Arabia’s central bank, said on Wednesday that it has joined the mBridge project as a …
PM Sharif meets China’s Xi in Beijing ahead of IMF talks
China’s President Xi Jinping met Pakistani Prime Minister Shehbaz Sharif in Beijing on Friday, Chinese state media reported, days before Pakistan presents its annual budget …
Gold Slumps as China’s Central Bank Halts 18-Month Buying Spree
China’s central bank didn’t buy any gold last month, ending a massive buying spree that ran for 18 months and helped push the precious metal to a record high in May.
Gold Falls Nearly 3% Following China’s Central Bank Failing To Add To Reserves In May
China’s central bank has stopped its buying spree of gold. The People’s Bank of China has indicated that its bullion …
Gold prices dip as China central bank holds off buying
Gold prices fell nearly 2% on Friday after data showed China’s central bank held off gold purchases in May following 18 consecutive months of buying.
China’s central bank paused gold purchases in May after 18 months of buying
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 months of consecutive purchases, official data showed on Friday.
Gold suffers a ’double whammy’: strong U.S. jobs growth and pause in China buying
Gold futures were on track to post their lowest finish in about a month on Friday, pressured after stronger -than-expected monthly U.S. jobs data and a report that China’s central bank paused its year …
China’s Middle Class Is Disappearing
A once-optimistic Chinese middle class is struggling, with many now slipping toward poverty – sad for workers, dangerous for the CCP.
Gold Drops as Jobs Data Dash Fed Cut Hopes, China Pauses Buying
Gold fell the most since April as surprise strength in a key US jobs report dashed hopes that the Federal Reserve will be able to start lowering borrowing costs soon.Most Read from BloombergReal …
China more important than IMF? Why Pak PM postponed Budget to visit Beijing
Pakistan’s government reportedly postponed the announcement of its Budget in order to schedule Pakistani Prime Minister Shehbaz Sharif’s five-day visit to China starting June 4, with the ostensible …
A free trade pact could see strongest economic ties yet for China, Japan and South Korea. Can they make it happen?
Talk of a free trade pact among Japan, South Korea and China resurfaced at their recent summit. Analysts say pragmatism must prevail over ideology to close the deal.
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