China has allocated 1.6 billion yuan ($253 million) to strengthen field management for winter wheat, the country’s finance ministry said, in an effort to bolster security of food supply. BEIJING, …
Tagged By finance
What China Can and Cannot Do for Russia Amid Sanctions
China’s effort to help Russia economically cannot offset Western-led sanctions aimed at resisting its invasion of Ukraine, analysts assert. The latest sanction — U.S. President Joe Biden on Tuesday …
China’s resilient economic fundamentals provide solid foundation for markets- state media
Strong resilience and sound fundamentals of the Chinese economy have provided a solid foundation for stable and healthy developments of financial markets, a state-owned newspaper said on Thursday, …
Oversold China Stock Market Called Higher On Thursday
The China stock market has finished lower in six straight sessions, retreating almost 240 points or 7 percent in that span. The Shanghai Composite Index now rests just above the 3,255-point plateau …
China allocates 1.6 bln yuan to stablise winter wheat production
China has allocated 1.6 billion yuan ($253.40 million) to strengthen field management for winter wheat, in an effort to bolster food security, the country’s finance ministry said. We apologize, but …
China’s fiscal spending spree to be bolstered by ‘very special’ 1 trillion yuan payment from central bank
Such payments, while typically not so high, are required by law in China but had been suspended for two years to help institutions cope with the pandemic downturn Fund transfer is in line with Beijing…
Russian Banks Consider Shifting to China’s UnionPay After Visa and Mastercard Pull the Plug
Sberbank and other Russian banks are looking into issuing cards with local payments network Mir and China-based card network UnionPay to combat Mastercard and Visa suspending services in the country, …
Chinese nickel giant Tsingshan secures lifelines from lenders including JPMorgan and China Construction Bank after short on metal goes wrong
Tsingshan Holding Group, which faces billions of dollars in potential losses on short positions in nickel futures, won credit promises from banks including JPMorgan Chase and China Construction Bank, …
China sends first shipment of humanitarian aid to Ukraine
China says it has sent a first shipment of humanitarian aid to war-torn Ukraine, as Beijing comes under growing pressure to mediate on the Russian invasion. Foreign ministry spokesman Zhao Lijian said …
China lawmakers have West’s decline on their minds at ‘two sessions’
China’s annual government report skipped any mention of the United States, but Washington and its allies are definitely on the minds of the Chinese lawmakers meeting in Beijing this week. While …
China to further ease tax burden for small & medium-sized firms
China’s income tax reforms in recent years have cut costs of small & medium-sized enterprises, which improved their ability to hedge risks as well as spend more on research and development.
China’s Central Bank to Hand Govt Over CNY1 Trillion in Profit for Fiscal Expenditure
The People’s Bank of China is set to hand in more than CNY1 trillion (USD158.3 billion) in profits this year to the central government, which should help alleviate local government’s pressures arising …
China Pharma (CPHI) vs. Its Peers Financial Survey
China Pharma (NYSE: CPHI – Get Rating) is one of 929 public companies in the “Pharmaceutical preparations” industry, but how does it compare to its peers? We will compare China Pharma to similar …
