Head-of-state diplomacy leads the way in which China pursues peaceful development and advances the building of a community with a shared future for mankind. China Daily presents a …
Tagged By banking
Nike shares dive in after-hours trading after it warns of ‘increased macro headwinds’ in Greater China and EMEA
Chief financial officer Matthew Friend blamed the drop on “increased macro headwinds particularly in Greater China and EMEA”. Nike’s Greater China sales rose 4% on-year in the latest quarter, still …
Beijing risks fiddling while China’s economy sinks further into deflation
China is in danger of making the same mistake as Japan in treating the symptoms of the economy’s descent into deflation, rather than the causes The extreme focus on the US Federal Reserve is …
China’s Financial Stress Is Mounting. Beijing Faces a Painful Decision.
Ratings firm Moody’s put China’s debt on a negative outlook. Property developer defaults are just a piece of the problem.
China’s Big Banks Cut Deposit Rates as Growth Plateaus
China’s biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth.
China stocks rise after five banks cut interest rates; HK down on gaming rules
Five of China’s largest state banks, including Agricultural Bank of China and China Construction Bank, cut interest rates on some deposits from Friday, providing room to reduce lending costs as the …
After bumpy recovery, China’s economy faces serious headwinds in 2024
The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues.
Bank of China, Agricultural Bank cut interest rates on some deposits
Bank of China and the Agricultural Bank of China have cut interest rates on some deposits from Friday, according to the banks’ websites.Rates for 1-year and 2-year time deposits were cut by 10 basis …
China and Russia have almost completely abandoned the US dollar in bilateral trade as the push to de-dollarize intensifies
China and Russia have more than 90% de-dollarized their bilateral trade, according to Russia’s prime minister.
US, China top military officials speak for first time in over a year
The top U.S. military officer held a virtual meeting with his Chinese counterpart on Thursday, the Pentagon said, in the first such conversation in over a year amid hopes by U.S. officials that it …
China’s Agricultural Bank cuts interest rates on some deposits from Dec 22
The Agricultural Bank of China has cut interest rates on some deposits from Friday, its website showed. Some Chinese major commercial banks will cut time deposit rates on Friday, three sources with …
China will maintain ‘reasonably abundant liquidity’ to bolster economic recovery: central bank
CFP. China will maintain “reasonably abundant liquidity,” to create a favorable monetary and financial environment for the sustained improvement of …
China boy hands in bag containing US$22,000 to police despite dire family situation with sick father in hospital, believing owner may need money
A boy in China was praised by the police and his school after he returned a bag filled with US$22,000 he found on the street.
