China’s digital yuan can now be used in to buy wealth management products, pay for insurance policies, and extend bank loans, as the central bank further expands e-CNY’s application beyond retail …
Tagged By banking
China likely to keep lending benchmark LPR unchanged amid global central bank tightening
About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global cen …
Xi Claims Victory in Anti-Graft Campaign Targeting China’s Banks
China’s Politburo declared its anti-corruption dragnet of financial institutions a success, in a potential sign of relief for the $59 trillion sector. The powerful Communist Party body led by …
China Budget Dilemma Is Whether to Boost Debt or Slow Growth
China’s local governments are caught in an unexpectedly severe budget squeeze, creating a dilemma for officials over whether to boost debt or tolerate weaker economic growth.Most Read from …
Recovery expected in China despite Fed hike
China has ample space in monetary policy to achieve steady economic recovery in the second half of the year, bucking the latest acceleration in monetary tightening by the United States, experts said …
China Budget Squeeze Means More Debt or Slow Growth for Regions
China’s local governments are caught in an unexpectedly severe budget squeeze, creating a dilemma for officials over whether to boost debt or tolerate weaker economic growth.Most Read from …
China debt holdings slashed by over 100 billion yuan in May, Beijing eager to ‘safeguard’ currency
Foreign investors sold 110 billion yuan (US$16.37 billion) net of China’s government debt last month, amid growing monetary divergence between its central bank and the US Federal Reserve that could …
China’s No. 2 Online Mall Warns Consumer Recovery Months Away
(Bloomberg) — China’s No. 2 online retailer sees worrying signs that shoppers are reluctant to reopen their wallets even as major cities emerge from bruising Covid lockdowns, suggesting …
China’s loans to Africa will plunge world into next economic crisis, warns German Chancellor
Pointing at the serious danger posed by China lending spree in poorer countries particularly Africa German Chancellor Olaf Scholz warned that this could plu …
China Is Hardening Itself for Economic War
Beijing is trying to close economic vulnerabilities out of fear of U.S. containment. Lebanon’s large refugee population has long given up on their futures in the country. Bruised but not yet broken, …
China needs to promote economic development to improve people’s health: economist
Boosting the economy can improve the health of the people and prolong their life expectancy, Li Daokui, Mansfield Freeman Chair Professor of Economics at Tsinghua University, said Thursday after …
China’s holdings of US Treasury Securities fall to lowest in 12 years
China’s holdings of US Treasury securities in April declined … US Treasury securities are used as government debt instruments to finance the spending of the federal government. They are issued by …
China’s fiscal revenue growth slows despite economic recovery
China’s fiscal revenue growth slowed in January-May from the first four months, finance ministry data showed on Thursday, even as the economy showed signs of a recovery.Fiscal revenues totalled 8.67 …
