data from the Institute of International Finance showed on Wednesday. China’s debt increased by $2.5 trillion over the first quarter and the United States added $1.5 trillion, the data showed …
Tagged By finance
China calls for urgent boost to virus-hit economy
China’s premier called for greater “urgency” in rolling out measures to support the virus-battered economy, state media reported Wednesday, days after data highlighted the stark impact of Covid-19 …
China’s corruption crackdown ensnares high-ranking monetary official Sun Guofeng
Dozens of financial officials have been detained since October, when the party launched a wave of inspections into financial institutions and regulators Sun, who had been with the People’s Bank of …
China Eastern Plane Crash Could Have Been Intentional, U.S. Officials Find: Report
The plane did what it was told to do by someone in the cockpit,” a person with knowledge of the officials’ preliminary findings told The Wall Street Journal.
China reportedly in talks to extend EV production subsidies
China is looking to combat a slowing economy by expanding EV subsidies to keep the domestic market for electrics growing.
Oil prices rise on China demand recovery expectations, supply concerns
Oil prices rose on Wednesday on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew.
What has China done to minimise impact of zero-Covid, and why are global-recession risks rising?
‘Confluence of shocks’ – including Ukraine war, coronavirus outbreaks in China, and the US Fed’s monetary tightening – are raising alarms over global economic growth Beijing had vowed that ‘stability’ …
China Says Senior Central Bank Official Under Investigation
A former senior official from the Chinese central bank is under investigation for “suspected serious violation of laws and disciplines,” the Communist Party’s anti-graft watchdog said.
Baidu’s Chip Affiliate Eyes Fundraise at $2.5 Billion Valuation
Baidu Inc.’s chip affiliate is looking to raise 2 billion yuan ($317 million) in a new funding round, people familiar with the matter said, as venture capitalists in China shift away from internet …
Shanghai lets financial firms resume work as COVID-19 curbs ease: Sources
The move is part of the financial hub’s plan to reopen broadly and allow normal life to resume after the lockdown was enacted to curb China’s worst outbreak since the coronavirus was discovered in …
China Faces Bigger Deficit as Covid Costs Soar and Income Dips
China’s government finances worsened measurably in April as Covid spread, with government spending rising to help pay for the cost of Covid Zero policies and income slumping due to tax breaks to help …
China’s yuan softens as data shows foreigners sold bonds in April
The figures supported data from the International Institute of Finance (IIF) last week showing the largest quarterly capital outflows on record for China in the first quarter. With the dollar for the …
China Stops Reporting Bond Trades by Foreigners After Selloff
China’s main bond trading platform for foreign investors has quietly stopped providing data on their transactions, a move that may heighten concerns about transparency in the nation’s $20 trillion …
