BEIJING, Sept 5 (Reuters) – China still sees some room to lower the amount of cash banks must hold as reserves, a central bank official said on Thursday, adding that the lender will continue to…
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Lifting 800 million people out of extreme poverty: Lessons for South Africa from China
The two leaders issued a joint statement in which China commits to ‘sharing with South Africa experience in poverty alleviation and rural revitalisation; in building poverty alleviation model villages …
China plans to cut mortgage rates to shield banks
China: Financial regulators have proposed reducing rates on outstanding mortgages by a total of about 80 basis points (bps), part of a package that includes an accelerated timeline for when mortgages …
China’s Xi promises $50 billion for Africa over next three years
Chinese leader Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation …
Trump is looming over US climate talks in China
John Podesta, the top US climate envoy, will meet his Chinese peers this week to try to lock in an ambitious deal for COP29 and discuss contingency plans for a Trump victory.
Mercedes-Benz plans to jointly invest $2 bln in China, local media reports
Mercedes-Benz has plans to jointly invest over 14 billion yuan ($1.97 billion) in China with local partners to enrich local vehicle lineups, state-backed digital newspaper The Paper reported on …
Bond investors eye Hong Kong as offshore RMB hub as China access grows
Greater liberalisation and new access schemes aim to help offshore investors tap China’s vast bond market, plus give them tools to better manage risk and liquidity. How can fixed income portfolios …
Bank of China plays important role in strengthening Sino-African relations
Currently, BOC has established branches or offices in eight African countries. Leveraging its advantages in globalization and competitiveness, the bank has pledged to support the upgrading of …
What to expect from the Forum on China-Africa Cooperation Summit
China’s President Xi Jinping will open the ninth Forum on China-Africa Cooperation Summit on Thursday, where he is expected to urge African leaders gathered in Beijing to absorb more Chinese goods in exchange for pledges…
China’s relationship with Africa is growing murkier
Too often, though, “internal rivalry and competition over the same resources” weakens the continent’s bargaining power, notes Cliff Mboya, a Kenyan analyst. And, economically, Africa needs China more …
Debt woes and funding needs in focus as China hosts African leaders
A China-Africa summit in Beijing this week takes place as a continent slowly emerging from a series of defaults seeks to define its future cooperation with the Asian nation that partly fuelled its …
China to help Nigeria fight money laundering, terrorism financing
The Chinese government says it will partner with Nigeria in the fight against money laundering and terrorism financing. A joint statement issued by both countries said the agreement aimed at …
China rolls out red carpet for African leaders as it strategizes against the West
China is rolling out the red carpet for 53 African leaders as it seeks to strengthen ties and cement its influence in the mineral-rich and strategically centered continent. The three-day summit in …
