Nearly half of Sri Lanka’s bilateral debt is owed to China, with Japan following at a close second, according to an official presentation to creditors prepared by the Finance Ministry. China’s …
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China’s zero-Covid strategy, tumbling tax revenue put local government services and jobs under threat
During the first seven months of the year, China’s fiscal revenue dropped by 9.2 per cent year … according to the Ministry of Finance. Experts say there is no easy way to increase local government…
Chipmakers caught in the crossfire of rising US-China geopolitical tensions
When it comes to circumventing US regulations, China moves like water around rocks David Hanke, partner at ArentFox Schiff The Financial Times reported this month that Korean semiconductor titans …
China sentences billionaire Xiao Jianhua to 13 years, fines Tomorrow Holdings $8.1 billion
A court sentenced billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his company Tomorrow Holdings $8.1 billion.
Chinese Canadian Billionaire Sentenced to 13 Years for Financial Crimes
Xiao Jianhua, a Chinese Canadian billionaire and onetime trusted financier to China’s ruling elite, was sentenced to 13 years in prison Friday, and his company fined $8 billion, after he pleaded …
China is making the yuan more international by opening up its bond market – but economists say the currency faces a big test
“We find that China’s reputation is in between emerging markets and developed countries and has drifted upwards in recent years.” …
China crisis may stoke risk aversion in global financial markets: Govt
India, however, is better placed on the growth-inflation-external balance triangle now than it was two months ago, due to a raft of policy measures by both the goverment and the Reserve Bank of India, …
The challenges ahead for China’s digital yuan
In three years of experiments, China’s central bank has made significant progress in developing its central currency. Total transactions since late 2019 reached 83 billion yuan ($12.3 billion) as of …
China’s Henan province to start new round of repayments to rural bank clients
Financial regulators in China’s Henan province said on Friday they would launch another round of repayments from August 22 to clients of four rural banks whose deposits have been frozen in what …
Disappeared Chinese-Canadian tycoon Xiao Jianhua jailed 13 years for financial crimes
SHANGHAI: A Chinese-Canadian tycoon who disappeared from a Hong Kong hotel five years ago has been sentenced to 13 years in prison and his company fined US$8 billion for embezzlement and bribery, a …
Disappeared Chinese-Canadian tycoon Xiao Jianhua jailed 13 years for financial crimes
SHANGHAI: A Chinese-Canadian tycoon who disappeared from a Hong Kong hotel five years ago has been sentenced to 13 years in prison and his company fined US$8 billion for embezzlement and bribery, a …
China moves to further bolster economy, help those in need
The meeting also decided to increase assistance for those in difficulty, help elderly care and childcare industries navigate hardships, and continue the vehicle purchase tax exemption for new energy …
China ETFs Stumble as Economic Growth Slows
This article was originally published on ETFTrends.com. Despite a China country-specific exchange traded funds slipped Monday after new data showed the Chinese economy was suffering under Beijing …