A delegation of U.S. lawmakers arrived in China on Saturday in the first congressional visit to the country since 2019.
Tagged By banking
For IMEC to have any real impact, fix the finance first. Only then it can counter China’s BRI
Partners in India-Middle East-Europe Economic Corridor will need to provide guarantees and de-risk investments, given that private investors have become risk-averse in the wake of pandemic-induced …
U.S. Senate leader raises trade and fentanyl at start of 1st congressional visit to China since 2019
A senior American lawmaker, leading the first congressional trip to China in four years, said Saturday that the U.S. does not want to cut economic ties with the world’s second-largest economy but …
Former president of Bank of China expelled from CPC
BEIJING – Liu Liange, former Party chief and president of the Bank of China, has been expelled from the Communist Party of China (CPC) over severe violations of discipline and law. His punishment was …
China Expels Former Bank of China Chairman From Communist Party
SHANGHAI (Reuters) – China’s ruling Communist Party has expelled the former chairman of the state-owned Bank of China from the party, accusing him of illegal activities and taking bribes, the top anti …
China’s forex reserves stand at $3.12t
China’s foreign exchange reserves dropped in the second consecutive month to $3.1151 trillion by the end of September as the US dollar strengthened while global financial markets declined, the State …
US senators led by Majority Leader Schumer making first congressional visit to China since 2019
A delegation of U.S. lawmakers led by Senate Majority Leader Chuck Schumer arrived in China on Saturday in the first congressional visit to the country since 2019. The trip comes amid a sharp …
China’s ‘golden week’ holiday sees consumption boom as pent-up demand takes wing
The National Day and Mid-Autumn Festival holiday period has sparked a flurry of activity, and consumption and tourism have reached multi-year highs. But time will tell whether the boom is sustainable …
Emerging Economies Face China and Rate Pressures as IMF, World Bank Meet
LONDON (Reuters) – Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China’s slowing economy adding layers of uncertainty while the Federal Reserve …
Australia’s Central Bank Sees Risks Mounting in Global Markets, China Property
SYDNEY, Oct 6 (Reuters) – Australia’s economy is well placed to weather strains in global financial markets, though the risks of a “disorderly” slide in asset prices or a slowdown in China were …
Citi believes China’s economy has bottomed out and has boosted forecast
Citigroup Inc. raised its growth forecast for China to 5% this year, as promising data helps build consensus around the nation’s ability to achieve its official government target.
How China is dodging the doom loop
While China’s economy is still struggling, it is at least not getting incrementally worse and there are some pockets of improvement …
China’s greying population is refusing to save for retirement
But now these red envelopes, stuffed with cash, are part of a push by China’s banks to get citizens thinking about retirement. They are being offered to customers who register for private-pension …
