It remains the world’s single largest official source of international development finance. China’s aid and credit commitments to low- and middle-income countries are now hovering around $80 billion a …
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CGTN: China pledges to expand financial openness as economy grows
BEIJING, Nov. 8, 2023 /PRNewswire/ — China’s financial regulators on Wednesday pledged to expand high-level financial openness to attract more foreign investment at the opening ceremony of the 2023 Financial Street Forum in Beijing. This…
‘I was greedy’: compulsive gambler in China spends US$34,000 in 3 months on lottery scratch cards, won once total of US$137
A young woman in China has told how she racked up debts of US$34,000 in just three months buying mainland lottery scratch cards and only ever won once, a solitary US$137.
China’s central bank on hand to support debt-ridden local governments, governor Pan Gongsheng says
People’s Bank of China (PBOC) governor Pan Gongsheng told the Financial Street Forum 2023 in Beijing the debt level of the Chinese government is at the mid-to-lower level internationally.
EU threatens tougher stance on China as concerns over Beijing’s economic policies grow in build-up to summit
Commission head Ursula von der Leyen and other senior officials have hit out at what they say is Beijing’s disruptive influence and unfair trade policies.
China’s measures to shore up its indebted property sector
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden , the nation’s biggest private property developer, sources said.
Ping an Loses $2.1 Billion in Market Value, China Property Rallies on Country Garden Rescue Report
However, markets took it as a positive signal for the debt-laden property sector, which has been weighing heavily on the world’s second-largest economy and stirring fears of broader financial system …
U.S. counters China’s Belt and Road with announcement of $553m investment in Sri Lanka port
In a recent report, AidData said the U.S. is catching up with China in terms of development finance after being overtaken by Beijing in terms of total official financial flows to the developing world in…
China’s central bank vows liquidity for debt-laden regions
When it’s necessary, the People’s Bank of China will provide emergency liquidity support to regions with a relatively heavy debt burden,” Pan said in a speech at the Financial Street Forum in Beijing …
China’s 2023 growth target within reach -central bank governor
China is expected to hit its annual gross domestic product growth target this year, and the country must transform its growth model to pursue high-quality and sustainable expansion, the country’s …
China is expected to achieve 5% full-year growth target -c.bank governor
BEIJING, Nov 8 (Reuters) – China is expected to achieve its annual growth target of 5% smoothly, central bank governor, Pan Gongsheng, said at the Financial Street Forum on Wednesday, state media …
China’s ‘silver-haired’ investors exit the game with no one waiting in the wings
Though they look back fondly on the wild, rowdy early years of China’s retail investment, the country’s first-generation stock traders are leaving the market in droves with no one to replace them.
China debt crisis: 8 cases of financial misconduct flagged as Beijing names and shames regions, banks
Local-level governments have amassed ‘hidden debt’ estimated at well over half of China’s annual GDP, and those that run afoul of rules are being called out Ministry of Finance says audits show state-owned banks also…
