The People’s Bank of China (PBOC) will expand e-CNY trials to Guangdong, Hebei Jiangsu, and Sichuan provinces, an official said on Monday The number of users, merchants and transactions is ‘steadily …
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China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The People’s Bank of China plans to extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well as Guangdong.
China’s Reluctance to Deliver More Stimulus Puts Burden on US, World Bank President Says
China’s unwillingness to deliver more stimulus during the current international slowdown is putting more pressure on the US to support international growth, World Bank President David Malpass …
CX Daily: The Double Squeeze on China’s ‘Sandwich Generation’
The double squeeze on China’s ‘sandwich generation’ Yin Fan is a single mom in her late 30s. When she was pregnant with her daughter, her …
Explained: What the new US-China accounting deal means
American authorities want unfettered access to the financial books of Chinese companies without government interference while China insists on having government agencies play a role in the audit …
China Households to Cut Property in $18 Trillion Shift
China’s households are expected to shift 127 trillion yuan ($18.1 trillion) into financial products over the next nine years, an opportunity ripe for financial institutions as the country’s property …
China’s Provinces Suffer Major Fiscal Hit From Covid Zero
China’s doubling down on its zero-tolerance stance toward Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors.Jilin province, in the northeast of the …
China’s economic planner reveals basket of policies to lift economy in next stage
From urging the start of construction projects to creating a preferential policy environment for new-energy vehicle (NEV) development, China’s National Development and Reform Commission (NDRC) has …
At least 27 headed for COVID-19 quarantine killed in bus crash in China
RELATED Biden: U.S. will defend Taiwan from ‘unprecedented attack’ by China Long-distance transportation rules in … a researcher at the Shanghai Institute of Finance and Law, said according to The …
Climate change: Beijing must provide more financial support, guidance to develop China’s cultivated protein sector, says NGO
More help is needed from the government to guide researchers and companies in the cultured meat sector, says Sebastian Joy, president of ProVeg, a non-profit organisation that raises food awareness.
Even State-Backed China Developers at Risk of Surging Default, Citi Says
(Bloomberg) — Financial contagion has spread so far across China’s property industry that even state-backed developers are at risk of surging defaults, according to Citigroup Inc. analysts. Bad debt …
China Nuclear Deal Held Up Over Argentina’s Reactor Fuel Demand
Months after an announcement that China will build and largely finance an $8 billion nuclear power plant outside Buenos Aires, the deal is hung up over Argentina’s demand that its engineers be …
Investors are still in a ‘wait and see mode’ when it comes to China, says analyst
Mattie Bekink of the Economist Intelligence Corporate Network says the country’s zero-Covid policy has “stomped on consumer and investor confidence.” …
