Shares of Bank of Nanjing plunged after the president of the Chinese commercial lender resigned from all positions for work-related reasons. Bank of Nanjing [SHA: 601009] was trading down 7.3 percent …
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Global smartphone, PC shipments to decline in 2022 on China slowdown – Gartner
Shipments to China – the world’s biggest smartphone market – are expected to shrink by 18% as demand takes a beating from strict COVID-19 curbs that halted activity in key economic hubs including …
China drives surge in online payments
At least 100 million Chinese adults joined the ranks of people making digital payments in 2021, leading the global surge in the use of online transactions amid the COVID-19 pandemic, which has spurred …
Sri Lanka crisis gives India chance to gain sway vs China
Sri Lanka’s strategic location has attracted outsized interest in the small island nation from regional giants China and India for more than a decade, with Beijing and its free-flowing loans and …
What Are the Policy Banks China Uses to Spur Economy?
China’s specialized policy banks were designed to help the government achieve its long-term goals in areas where profit-driven banks might be reluctant to lend. Beijing can also draw on them when …
Chinese President Xi Jinping to Arrive in Hong Kong Cementing Beijing’s Control
President Xi Jinping will arrive in Hong Kong for its 25th anniversary of Chinese rule, in his first trip to the city since overseeing twin crackdowns on political dissent and Covid-19 that risked the …
China lured graduate jobseekers into digital espionage
FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40 …
China needs to keep options to cut RRR, rates while waiting for bounce, says ex-regulator
China’s central bank needs to keep cuts to interest rates and banks’ reserve requirement ratio among its policy options while waiting for the economy to bounce back, a former senior official at the …
China To Subsidise Refiners, If Global Oil Prices Surpass USD 130
China, the worlds largest importer of oil, announced on Wednesday that it will subsidise its oil refiners and suspend the raising of domestic fuel prices if global oil prices surpass USD 130 a barrel.
China’s long march towards world currency domination
China has taken another small step towards reducing its exposure to the US dollar and the dollar’s dominant role within the global financial system while expanding its own influence in the …
G7 Takes Aim At China Over “Non-Transparent, Market-Distorting” Practices
G7 leaders on Tuesday condemned China’s “non-transparent and market-distorting” international trade practices in an end-of-summit statement billed as “unprecedented” by the United States.
The high costs of disengagement for China
In this new era of strategic competition between China and the West, disengagement is the order of the day. While this trend will impede economic growth, increase business costs (via supply-chain …
China’s central bank stresses importance of financial support for real economy
China’s central bank on Wednesday said that it will build an effective mechanism to provide financial support for the real economy.