China is hailing this month the 10th anniversary of its Belt and Road Initiative, which has seen Beijing pour a trillion dollars into projects around the world in a defining geopolitical project for P …
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World Bank projects 5.1 pct growth for China in 2023
The World Bank projected a 5.1 percent growth for the Chinese economy in 2023, according to its newly released East Asia and Pacific Economic Update. This was reported by The Xinhua News Agency. “China has…
China’s Country Garden says might not meet all debt obligations
Debt-saddled Chinese property giant Country Garden said Tuesday that it did not expect to meet all of its offshore payment obligations in time as it battles to avoid default. In a filing with the Hong…
Banking mogul breaks silence to defend against allegations of Chinese interference
Once lauded as a Canadian immigrant success story, Shenglin Xian, the 68-year-old founder of Wealth One Bank, now can’t even get approved … orchestrated campaign by the Chinese government to get …
China struggling to wean itself off US dollar assets despite financial de-risking calls
China is still the second-largest foreign investor in US Treasuries despite seeing its holdings fall to a 14-year-low of US$821.8 billion in July.
Metro Bank shares jump after deal to bolster finances
Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo …
What’s the state of China’s digital yuan in 2023?
Uptake of China’s central bank digital currency is on the rise, with transactions and total value far beyond 2022 levels Various applications are being tested or have already been implemented, including integration with international credit…
China’s e-commerce inroads are back in focus amid Alibaba’s “possible espionage” in Europe
Beijing’s aggressive industrial policy goals are back in focus as Belgium contends with alleged espionage activities arising from a logistic arm of Alibaba at an airport in Liège, Europe’s …
Kenya to seek US$1 billion from China for stalled railway, ‘more time’ to repay debts, deputy president says
President William Ruto is expected to meet China’s Xi Jinping during a trip to Beijing for the third Belt and Road Forum this month.
Citi Sells China Consumer Business To HSBC As British Bank Doubles Down On Asia
Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 …
Ex-boss Of China State-owned Banking Giant Kicked Out Of Ruling CCP
The former head of Chinese state-owned banking giant Everbright Group has been kicked out of the ruling Commmunist Party and dismissed from public office “due to severe violations of discipline and …
UPDATE 1-In Beijing, Schumer urges China to support Israel after Hamas attacks
U.S. Senate Majority Leader Chuck Schumer on Monday called on China to support Israel after deadly attacks by Hamas, adding he was “disappointed” that Beijing showed “no sympathy” for the country over …
China’s Local Gov’ts to Likely Speed Issuance of Special Refinancing Bonds, Insiders Says
The municipal bonds of Tianjin and that of the provinces of Guizhou and Yunnan had high risk. The outstanding interest-bearing municipal bonds Tianjin issued were CNY1.72 trillion (USD235.6 billion) …
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