The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior …
Tagged By banking
India raises defence budget to $72.6 bln amid tensions with China
India proposed on Wednesday 5.94 trillion rupees ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period’s initial estimates, aiming to add more fighter …
China Focus: China makes progress on reform of state-owned enterprises
Remarkable progress has been made in reforming China’s state-owned enterprises (SOEs), with major tasks in a three-year action plan all now completed, involving about 80,000 enterprises. The action …
Russia mulls turning to Islamic banking over closure of Western financial markets
Senior expert of Russian Association of Experts in Islamic Finance says ‘time to forget’ about Western financial system and concentrate on alternatives …
China completes all major tasks from three-year action plan
PHOTO/XINHUA] China has completed all the major tasks of its three-year action plan for the reform of State-owned enterprise …
China Wants the World Bank to Offer Debt Relief to Zambia
China wants multilateral development banks to offer debt relief to Zambia, something the World Bank has explicitly rejected and which will further complicate efforts to restructure the country’s …
Covid hits China’s rural poor: ‘The impact on the village economy is huge’
Economic anxiety trumps fear of the virus for many in the countryside, as urban-rural income gap continues to widen …
Li stresses key role of finance in economy
Premier Li Keqiang has called for the financial system to keep bolstering its level of services to the real economy and beef up its support for efforts to expand domestic demand and optimize the …
Chinese premier stresses enhancing role of finance in stabilizing macroeconomy
Chinese Premier Li Keqiang has stressed enhancing the role of finance in stabilizing the macroeconomy and improving financial services to keep the economy performing within a reasonable range. Li made …
A U.S. Crackdown on Huawei Would Pressure Qualcomm and Intel’s China Businesses
The Biden administration is considering cutting off Huawei from American suppliers over national security concerns, according to reports.
Mao’s former barefoot doctor recalls sole foreign takeover of Chinese bank
Opportunity to buy control of a bank in China, home to the fast economic growth in the world, was certainly appealing, Shan Weijian says in new book Money Machine Jiang Zemin and his government …
China’s factory, services bounced back amid ‘rapid rebound in economic activity’, but ‘not all smiles’
China’s official manufacturing purchasing managers’ index (PMI) rose to 50.1 in January, while the non-manufacturing gauge rebounded to 54.4 But profits at China’s industrial firms fell by 4 per cent …
China’s central bank continues to add liquidity via reverse repos
China’s central bank continued to inject funds into the financial system through open market operations on Tuesday. The People’s Bank of China said on its website that it has conducted 471 billion …