China will establish a “gene bank” of ancient ceramics in east China’s Jiangxi Province, based on data from nearly 20 million pieces of ceramics specimens accumulated in some 40 years, authorities …
Tagged By banking
Biden tries to curb China’s growing influence in Latin America: Is it too late?
At the Summit of the Americas, President Joe Biden said private sector investment was key to regain ground in relations with Latin America. But China’s powerful banks and state-owned enterprises have …
China credit rebound masks still subdued consumer borrowing
Aggregate financing was 2.79tn yuan ($417bn), the People’s Bank of China said on Friday, up from 910bn in April. Financial institutions offered 1.89tn yuan of new loans in the month, but more than 60% …
Hong Kong’s finance chief warns against suspected phishing scam after his picture appears in online adverts
Paul Chan files police report over suspected scam involving adverts with pictures of him to lure victims to cryptocurrency trading platform Online articles include purported interviews with Chan …
Why the U.S. should be concerned China is making moves in ‘America’s backyard’
The United States is losing ground to China in the battle for influence in Latin America and the Caribbean (LAC). The People’s Republic of China (PRC) is strengthening its relationships in the region …
COVID woes worsen in China: World Bank cuts COVID growth forecast
Worsening COVID woes in China have impacted its growth forecast. World Bank has decided to slash China’s COVID growth forecast. Meanwhile, Shanghai has reimposed lockdown restrictions amid a surge in …
China’s May new bank loans surge 1.89 trln yuan, much stronger than forecasts
Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as policymakers try to reverse a sharp, …
Chinese bank completes cross-border remittance of Kenyan shilling
A Chinese bank successfully completed the country’s first cross-border remittance and foreign exchange settlement of Kenyan shillings earlier this week, transferring 2.42 million shillings (about 137, …
China new bank loans nearly triple in May as Beijing tightens policy support
Analysts polled by Reuters had predicted new yuan loans would surge to 1.3 trillion yuan in May from 645.4 billion yuan in April and against 1.5 trillion yuan a year earlier.
UPDATE 1-China becoming more ‘coercive and aggressive’ – U.S. defence chief
SINGAPORE, June 11 (Reuters) – The United States will do its part to manage tensions with China and prevent conflict even though Beijing is becoming increasingly aggressive in the Asian region …
China becoming more ‘coercive and aggressive’
The United States will do its part to manage tensions with China and prevent conflict even though Beijing is becoming increasingly aggressive in the Asian region, including near Taiwan, U.S. Defense …
China’s ‘walking on two legs’ conundrum: how to balance zero-Covid and the economy?
As growth falters and unemployment rises, more attention needs to be paid to the economy to correct an imbalance that has built up over the past two years China’s current leadership could learn much …
New bank lending in China jumps more than expected in May
New bank lending in China jumped far more than expected in May and broader credit growth also quickened, as policymakers try to pull the world’s second-largest economy out of a sharp, Covid-induced …
ADVERTISEMENT
