Continued weakness in the Japanese yen to 150 against the US dollar could set off the next Asian Financial Crisis, Jim O’Neill told Bloomberg. China will see further yen depreciation as an “unfair …
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Beijing hits out at Washington over proposed US$120 million arms deal to Taiwan
Beijing has blasted the United States for supplying arms to Taiwan and demanded that it abandon a proposed US$120 million deal with the self-ruled island. The US government on Wednesday announced the …
China digital currency: e-CNY ‘well positioned’ but still ‘a way to go’ to challenge US dollar dominance
China’s digital currency has been piloted in cities across the country and used by tens of millions of Chinese. But analysts say its adoption overseas will ultimately depend on trust in the country’s …
China says it has no plans to revive Ant Group’s IPO amid tech crackdown
Yahoo Finance Live anchors discuss reports that Chinese financial regulators had plans to revive Ant Group’s IPO.
Credit Suisse Taps Brakes on China Growth, Delays Local Bank
He denied that the lender was delaying its application for a local bank in China and said its overall roll-out in the nation was on track. The firm is slowing its hiring of relationship managers,…
China takes steps to ease up on regulatory crackdown as economy slows
Beijing has given tentative approval for Ant Group to revive its initial public offering (IPO) in Shanghai and Hong Kong, two sources told Reuters on Thursday, the biggest sign yet of a cooling of …
It will take time for China’s consumers to recover from lockdown
I n april 2020, just after China’s first wave of covid-19 had passed, Hermès opened a new 511-square-metre shop selling luxury bags, scarves and jewellery in Guangzhou, the cap …
Is China Slowly Turning Its Back to Russia?
Russia’s biggest bank, Sberbank, has suspended yuan transactions and Huawei is closing outlets in the country.
China’s May New Yuan Loans Seen Rebounding on Central Bank Support -Reuters Poll
China’s new yuan loans likely rebounded sharply in May after a drop in April, a Reuters poll showed, as the central bank ratchets up policy support for the slowing economy. Chinese banks are estimated …
China’s May new yuan loans seen rebounding on central bank support
read more Local media reported last month that China’s financial authorities had told commercial banks to speed up lending. In May, the central bank cut its benchmark reference rate for mortgages by …
Alibaba, Meituan paid the bulk of China’s US$3 billion antitrust fines in 2021, report shows
E-commerce giant Alibaba Group Holding and on-demand service platform operator Meituan together contributed 92 per cent of the antitrust fines handed out in China last year, according to an annual …
Credit Suisse Taps Brakes on China Expansion, Delays Local Bank
Credit Suisse Group AG is tapping the brakes on its China expansion, postponing its biggest mainland project, in a sign that weakness in Asia’s largest economy is prompting global banks to temper …
China’s growth momentum expected to rebound: economist
Despite challenges ahead, China’s growth momentum is expected to rebound in the second half of the year as a result of the government’s stimulus plans, Ibrahim Chowdhury, World Bank senior economist …
