While the gloom adds impetus for the People’s Bank of China to lower interest rates, investors say the monetary authority has less room to cut than its major global peers, whose borrowing costs are …
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China will continue to lead global growth in 2024 as economists forecast GDP expansion of 5%
Analysts said China’s GDP growth is expected to reach 5 percent this year … be highly reliant on Asian economies in 2024,” said a report released at the World Finance Forum (WFF) held in Beijing…
Finance Minister: China to speed up releaser of dev assistance to Bangladesh
Finance Minister Abul Hassan Mahmood Ali on Sunday said that the release of Chinese funds for Bangladesh’s development projects will be easier than before. The finance minister was talking to …
Beijing to continue improving its business environment: mayor
BEIJING, Jan. 21 (Xinhua) — Beijing Municipality plans to establish the “Beijing Service” brand to better boost a business-friendly environment in 2024, said the city’s mayor Yin Yong when delivering …
China’s three-legged race to fend off the 4 D’s of an economic apocalypse
China’s 5.2 percent rise in gross domestic product (GDP) last year, despite beating its annual target and still well outpacing growth in developed Western countries, has yet to convince the market …
Froma Harrop: Biden starts to decouple economy from China
Going beyond tariffs and sanctions, a Biden executive order would do much to close the money spigots that help finance Chinese development of advanced weapons. China is pushing ahead on making …
US, China Officials Conclude Meeting on Financial Issues
Officials from the U.S. Treasury Department met with counterparts in the People’s Bank of China to discuss issues ranging from financial stability to countering money laundering. The delegation also …
Congo and China talking $7 billion in finance, Tshisekedi says
China and the Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second …
US China official conclude meeting on financial issues
US and Chinese officials have completed the third meeting of a working group established to cooperate on financial issues, in a step that continues the trend set by the two powers last November to …
China’s admin restructure ripples out to provinces to tighten Communist Party control over data
After central authorities in Beijing made changes at national level last year, establishing provincial structures becomes a top priority.
UPDATE 1-China’s central bank raises number of LPR quotation banks to 20
China’s central bank on Friday said it would add two commercial banks to the pool of banks that contribute to the loan prime rate (LPR), a benchmark lending rate.The adjustments will be implemented …
In US-China rivalry, Beijing advisers urge ‘rational’ approach during election year, but will pragmatism win out?
Xi Jinping lays out plan to make China ‘financial superpower’, warns of risk A report by Tsinghua University published earlier this month also recommended that Beijing avoid reacting to election …
US Fed fines Industrial and Commercial Bank of China for lapses in bank secrecy, sharing of data
The US Federal Reserve fined Industrial and Commercial Bank of China US$2.43 million for improper use of financial-supervision information. The New York Department of Financial Services, which also …
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