Yellen arrived in southern Chinese city of Guangzhou Thursday evening on first leg of her week-long trip Industrial overcapacity, global financial stability and ‘unfair trade practices’ among top …
Tagged By banking
Why are China’s banks invisible on the world stage?
The forerunner of BNP Paribas, CNEP, set up shop in 1860 in China and India, to finance cotton imports into France. Citi, arguably the US’s most recognisable and influential financial operator, …
Yellen in China to press officials on industrial subsidies
GUANGZHOU: US Treasury Secretary Janet Yellen arrived in China’s Guangzhou on Thursday for meetings to press Beijing over fears the country’s industrial subsidies for green energy, cars and batteries …
China’s Communist Party finance organ draws institutional road map for sector
The Central Financial Commission, China’s major party organ overseeing the financial industry, has put forward its plan for the future orientation of the sector – and the reform necessary for it to …
Yellen heads to China eying ‘overcapacity’ concerns
Yellen will then head to Beijing for talks with Premier Li Qiang, Finance Minister Lan Fo’an and central bank governor Pan Gongsheng, according to the Treasury Department. Among the topics to be …
China’s support wanes. Financial strains hit Putin amid sanctions
President of China, Xi Jinping, has steadfastly supported Vladimir Putin through the years. Yet, as German media suggests, economic ties are increasingly strained by Western sanctions, framing China’s …
China’s central bank says it will make efforts to expand demand, boost confidence
China’s central bank will accurately and effectively implement prudent monetary policy, pay more attention to counter-cyclical adjustments and make efforts to expand domestic demand and boost …
China Central Bank Sharpens Focus on Economy’s Short-Term Woes
China’s central bank vowed to get more out of its existing pro-growth policies, acknowledging that the economy is suffering from subdued demand and downbeat sentiment despite some signs of improvement …
China eases car loan policy for first time since 2018 to boost demand
China’s central bank on Wednesday announced revisions to car loans to promote auto trade-ins and scrap government-set minimum down payments for consumers financing new car purchases. The revisions, …
China’s property market is at risk of an overcorrection, not oversupply
There is no risk of China’s property sector woes spreading into a financial crisis but there is a policy-induced housing crisis and restrictions must be further eased.
Yellen to Visit China for Top-Level Economic Talks
The Treasury secretary plans to address a surge of Chinese green technology exports during meetings in Beijing and Guangzhou.
China Stock Market Tipped To Open Under Pressure
(RTTNews) – The China stock market on Tuesday snapped the three-day winning streak in which it had rallied almost 85 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,075 …
China names pioneer team of state firms to take pole position in race to tech’s bleeding edge
A select group of China’s state-owned enterprises (SOEs) has been designated as the vanguard of development for emerging and future industries, another step in Beijing’s campaign to break through to …
ADVERTISEMENT
