Some of the 3.2 billion yuan (US$450 million) worth of commemorative coins and banknotes issued by China’s central bank may deliver handsome profits for resellers on popular local e-commerce platforms …
Tagged By banking
Agricultural Bank of China boosts loans for strategic emerging industries
and built more than 200 sub-branches engaged in technology finance, thus improving professional service capabilities and efficiency, the lender added. China is actively implementing its …
China’s outbound investment rises steadily in 2023
China’s non-financial outbound direct investment (ODI) increased 16.7 percent year-on-year to 916.99 billion yuan in 2023. In US dollar terms, ODI totaled $130.13 billion in this period, up 11.4 …
China funds clean energy for belt and road partners, fuelling green transition and salving chafed feelings
Following efforts to build infrastructure in Africa, the Middle East and Central Asia that ended in disappointment, China’s fortunes seem to have changed thanks to popular – and expensive – clean …
China tech: 5 US venture capital firms invested over US$3 billion in mainland AI, semiconductors
House panel rues ‘decades of investment’ after investigation of GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital and Walden International.
China bank loans hit all-time monthly high, with 4.92 trillion yuan doled out in January
As China makes strides to invigorate economic growth, its aggregate financing reached 6.5 trillion yuan in January – a year-on-year increase of more than half a trillion.
China January new bank loans hit record high on policy support
New bank loans in China jumped by more than expected to an all-time high in January, as the central bank moves to shore up the sputtering economy. Policymakers have pledged to roll out more measures…
Is China now an ‘alternative’ investment?
An engine of world growth for 20 years, the largest consumer of commodities and world’s number two economy has somehow slipped into “alternative investment” buckets for many global investors.
China’s middle class, key to Beijing’s economic recovery plan, put spending on hold over wealth, income concerns
A widely used measure to gauge the health of China’s middle class showed household wealth and income indices remained in contraction in the fourth quarter of last year.
China’s $7 Trillion Crash Masks The Really Bad News
Beijing is on the lookout for anyone disseminating negative views on the country’s economic prospects. And it raises troubling questions as China’s influence soars.
China new bank loans in Jan hit record high on policy support
New bank loans in China jumped by more than expected to an all-time high in January, as the central bank moved to shore up the sputtering economy, reinforcing expectations for more stimulus in the …
China’s consumers are buying more luxury clothes even as the economy struggles
China’s broader economy may be struggling, but that doesn’t seem to be stopping consumers there from splurging on more luxury clothes.
China’s central bank to keep policy support for economy
China’s central bank on Thursday said it would keep policy flexible and precise to boost domestic demand, while maintaining price stability, amid signs of a patchy economic recovery and rising …
