India is moving to block 232 betting and loan apps, many of which have ties to China, in the latest crackdown.
Tagged By banking
Why bulkers are banking on Beijing to unleash the dragon
This positive vibe is based on a variety of factors, not least an upbeat impact from Beijing cutting its commitment to draconian Covid lockdowns. In China, renewed steel-making activity should boost …
China’s film industry shows signs of recovery, but ‘excessive optimism is unrealistic’
China’s film industry had a strong start to the year, but it faces long-term challenges in the form of shrinking investment, rigid censorship and scars from the coronavirus pandemic.
Chinese financial industry banks on quantum computing to help combat fraud
Ping An Insurance has teamed up with a start-up to use the technology to identify fraudulent behaviour Researchers say the technology has wider uses in the financial industry, for example by helping …
Opinion: Why Beijing is cheering on the U.S. debt ceiling fight
Continued brinksmanship and extremism over the debt ceiling is only serving to undercut a key element of U.S. strength.
Chinese financial industry is banking on quantum computing to help combat fraud
Ping An Insurance has teamed up with a start-up to use the technology to identify fraudulent behaviour Researchers say the technology has wider uses in the financial industry, for example by helping …
China’s green loans see rapid growth in 2022
China’s green finance continued to see rapid growth last year with outstanding green loans in yuan and foreign currencies up 38.5 percent year-on-year to 22.03 trillion yuan (US$3.27 trillion), a …
Sri Lanka IMF Deal Stalls Amid China-World Bank Relief Split
China said it wanted multilateral lenders to provide debt relief to Sri Lanka as part of a broader restructuring of loans, a demand at odds with other major creditors and likely to slow a pact…
Exclusive-China eyes help for shell-shocked consumers but big stimulus unlikely-sources
China’s policymakers plan to step up support for domestic demand this year but are likely to stop short of splashing out big on direct consumer subsidies, keeping their focus mainly on investment, …
Opinion: Will China help resolve lower-income countries’ debt crisis?
International pressure is piling on China to help resolve debt restructuring in countries such as Zambia or Sri Lanka. But to do so requires restructuring rules to evolve to reflect China’s importance …
Xi Jinping to Meet Secretary Blinken in Beijing Amid Low Expectations for U.S.-China Thaw
When Antony Blinken travels to Beijing on Sunday, he’ll be the first U.S. Secretary of State to do so since 2018 and the first cabinet member to visit China in the Biden administration. Still, given…
China’s banking sector bad loan ratio 1.71% at end of 2022
CHINA’S banking sector bad loan ratio stood at 1.71 per cent at the end of 2022, down 0.09 percentage point from a year earlier, the Shanghai Securities News said on Friday (Feb 3), citing the…
China confirms offer to Sri Lanka of debt moratorium
China has confirmed it is offering Sri Lanka a two-year moratorium on loan repayments as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a …