China and India have stepped up their purchases of Russian oil this year, but economic slowdowns are now causing imports to fall.
Tagged By banking
China has a hand in Sri Lanka’s economic calamity
Chinese loans loom large in some debt-ravaged countries — including Sri Lanka, which is facing economic turmoil.
Beijing leaves landings rates unchanged
In a statement, the People’s Bank of China said the one-year and five-year loan prime rates – which are set by a panel of lenders overseen by the central bank – had been left on…
China Junk Debt on Brink of Record Low as Property Woes Grow
Chinese junk dollar bonds are hovering near a record low set in March, as the country’s property crisis deepens with pain spreading from developers to suppliers and banks. Most Read from …
China Junk Bonds on Brink of Record Low as Property Woes Grow
Chinese junk dollar bonds are hovering near a record low set in March, as the country’s property crisis deepens with pain spreading from developers to suppliers and banks. Most Read from BloombergS&P …
China’s Central Bank Keeps Benchmark Rates Despite Rising Risks
China’s central bank Wednesday kept its benchmark lending rates unchanged, in line with market expectations, despite rising financial risks amid slowing economic growth.
China on cusp of joining high-income club, but slowdown raises spectre of middle-income trap
Chinese officials have trumpeted dazzling economic figures to make the case that the country can escape the middle-income trap, but some inconvenient statistics point to a worrying trend for the world …
Ping An Receives Best ESG Score Among Mainland China’s Insurance Companies: Here’s What Investors Need To Know
To ESG investors, this may not be surprising as Ping An is very much a pioneer in ESG in China. It is the first Chinese asset owner to have signed Climate Action 100+ (an investor-led…
Resolution of bank and property crises a priority for Beijing
Both issues are seen as threatening stability and the real economy, and come ahead of the 20th Communist Party national congress later this year Central government officials have repeatedly reminded …
Beijing Pulls COVID Isolation Tracking Bracelets After Backlash; Hong Kong Rollout Goes Ahead
While many governments elsewhere appear resigned to “sliding into the long pandemic defeat,” those in China continue to fight COVID-19 with an array of weapons including mass testing, smartphone-based …
Mortgage boycotts grow across China
The protest is part of (and now contributing to) a deepening housing crisis in the world’s second largest economy.
China’s banking woes add to recession fears
AS if the pandemic woes and the Ukraine-Russia war fallout were not enough, bad news from the Chinese real estate and banking industries added more fuel to the fear of a world recession. Bloomberg …
China-Serbia Relations Enter a New Phase
With an FTA on the way, both sides look eager to boost their cooperation to a new level. Will that also grow the latent friction in the relationship?
