Finance chief also says country’s push to open ‘its door wider’ to world will allow Hong Kong to use exhibitions on mainland to promote its own events Chan touches on national emphasis to cultivate …
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China Development Bank ups support for urban village renovation
BEIJING, March 10 (Xinhua) — The China Development Bank (CDB), a major policy bank in the country, has stepped up loan support for urban village renovation projects nationwide.
China makes science and tech a budget priority with 10% jump in spending during ‘two sessions’
While there were budget constraints affecting other sectors, science and tech would continue to see “guaranteed expenditure” because of its pivotal role in driving China’s development, according to …
Xi Jinping’s hi-tech push steals the spotlight at China’s ‘two sessions’ as Li Qiang scales back presence
Chinese president’s call to develop home-grown technology and ‘new productive forces’ is top policy direction to come out of political gathering in Beijing, while premier appears to take smaller role …
China’s indebted provinces meet state bankers to discuss debt relief
Lan Fo’an, China’s finance minister, said on Wednesday that Beijing would “gradually reduce risks” of local government debt by cutting the number of LGFVs and pushing local governments to sell …
China’s Financial Exodus: Global Markets on Edge as Chinese Investors Expand Reach
Chinese investors and businesses are increasingly seeking profits abroad, driven by domestic market challenges. This outward investment trend is led by mechanisms like the Qualified Domestic …
Nervous about the U.S. market at all-time highs? Buy China stocks.
MICHAEL BRUSH Wary of U.S. stocks because you think the valuations look rich? China stocks are a solution. If you’re reluctant to buy, given all the negative headlines about China, …
China’s debt-ridden Guizhou faces reckoning after years of splashing out on pricey projects
One of China’s most indebted provinces has brilliant bridges and vast roads, but also one of the nation’s worst per capita income levels, along with debt pressure that could weigh down the region for …
Beijing’s ‘broker butcher’ sparks state-driven stock rally
Domestic investors scarred by stock market losses last year have meanwhile been piling into renminbi-denominated government debt, pushing up bond prices and driving down yields. Yields on China’s …
China Plans $27B Chip Fund Amid US Tech Curbs
China is setting up a mega chip fund worth $27 billion. The move is aimed at boosting its technological prowess amid rising tech curbs from the …
China’s Alipay and WeChat Pay ease the way for foreign travellers to make payments in world’s largest cashless society
Alipay raised foreign visitors’ transaction limits, while travellers can link their overseas bank cards to WeChat Pay without ‘complete information’ Those initiatives come after Chinese authorities on …
China setting up $27B chip fund to beat US curbs – report
China is poised to raise over $27B for its largest chip fund yet, marching ahead with the development of advanced technologies to counter U.S. curbs, Bloomberg News reported. The National Integrated …
Finance minister: Local govt debt risk controllable
Local government debt risk in China is controllable, and the country will accelerate the construction of a government debt-management mechanism so that the debt risk will be solved as the country …
