BEIJING, March 24 (Xinhua) — China’s banking sector had 1.53 trillion U.S. dollars of external financial assets and 1.57 trillion dollars of external liabilities at the end of 2021, resulting in net …
Tagged By finance
Postal Savings Bank of China reports 1 trln yuan of outstanding microloans
The Postal Savings Bank of China, one of the country’s state-owned banks, saw the outstanding amount of its microloans to small businesses stand at 1 trillion yuan (157.23 billion yuan) on Wednesday, …
China Plane Crash Update: Search Expanded; Calls to Flight Crew
The search area for the flight data recorder of the crashed China Eastern Airlines Corp. jet was widened Thursday, as rain continued to hamper efforts. State media released recordings of attempts by …
China’s yuan touches nine-day low as more pressure seen on yield gap
China’s yuan touched its lowest level in more than a week against the U.S. dollar on Thursday as a narrowing yield gap and traders’ concerns over the impact of the Ukraine crisis weighed. SHANGHAI, …
China front-loads transfer payments to steady local finance
China has earmarked 400 billion yuan (about 62.9 billion U.S. dollars) of transfer payments to help local governments handle pressure from tax refunds, an official said on Wednesday. The advance …
China’s economy posts healthy recovery, solid macro fundamentals, says economist
China’s economy started the year on a positive note, with the country capable of maintaining steady, healthy growth despite headwinds, a senior U.S. economist has said.
China Stock Market Due For Profit Taking On Thursday
The China stock market has climbed higher in six straight sessions, accelerating almost 210 points or 6.7 percent along the way. The Shanghai Composite Index now rests just above the 3,270-point …
Cash-strapped Pakistan says China agreed to rollover $4.2 bn debt
Pakistan has said that China agreed to rollover $4.2 billion debt that was maturing this week, providing a major financial relief to the cash-strapped country.
China urges Israel to cease expanding settlements in occupied Palestinian territory
China is concerned about the recent deterioration of the security situation in the occupied Palestinian territory, and deeply saddened by the casualties on both the Palestinian and Israeli sides …
China’s economy will forge ahead amid challenges
Although the global economy recovered slowly after 2010, its growth rate from 2011 to 2019 was lower than that before the global financial crisis. In particular, the average growth rate of the …
China’s financial regulator plans new approach to break deadlock with the US over auditing work
The CSRC is considering a new approach that grants the US accounting oversight board access to Chinese audit papers after vetting by China’s finance ministry Global audit and data privacy principles …
China will pay high price for supporting Putin’s invasion
The longer Vladimir Putin’s invasion of Ukraine goes on, the higher economic and diplomatic price China will have to pay for supporting him. On March 16, at the International Court of Justice in The …
Buyer Beware on China Stocks
It has been a wild ride for stocks linked to China in recent years and, indeed, in recent days. As of late, spiking Covid case numbers across China, including in tech hub Shenzhen for a…
