China’s central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.
Tagged By finance
China’s most successful club folds under weight of debts
Guangzhou FC, the most successful soccer club in Chinese history, disbanded on Monday due to crippling debts. The club, formerly known as Guangzhou Evergrande, has been unable to meet the Chinese …
Yellen raised serious concern about China’s ‘malicious’ cyber activity, Treasury says
U.S. Treasury Secretary Janet Yellen met virtually on Monday with Chinese Vice Premier He Lifeng and raised concerns about “malicious cyber activity” carried out by Chinese state-sponsored actors, the …
China extends fiscal interest subsidy for equipment upgrade loans
BEIJING — China’s Ministry of Finance announced on Monday that the government’s fiscal interest subsidy policy for bank loans for equipment upgrades will be extended until the central bank’s …
China unveils guidelines on building a national unified market
China’s state planner on Tuesday published testing guidelines on building a national unified market, saying the country will implement a unified market access system and safeguard fair competition.
China’s central bank outlines ‘moderately loose’ monetary policy
Beijing: China s central bank has outlined a moderately loose monetary plan aimed at boosting domestic demand to spur growth, days after President …
Exclusive: Sunac China flags difficulty making Sept dollar bond payments, sources say
Developer Sunac China has informed some of its dollar creditors it is unlikely to meet a September bond maturity deadline, two sources said, as weak sales raise the prospects for a new round of …
Putin orders Russia’s top bank to team up with China in AI push to challenge Western tech dominance
Russian President Vladimir Putin continues seeking to expand his challenge of the West’s order — this time in tech. The Russian leader has ordered his government and Russian banking giant Sberbank to …
Oil Rises on Optimism Over China’s Economic Recovery
Oil prices rose in the Asian morning session, driven by optimism over China’s potential economic recovery.
China’s Central Bank Vows Support for Tech, Consumption
Good morning. China’s central bank will step up support for tech and consumers. Wall Street banks are quitting a once-popular climate alliance. And Chinese cat owners have a new use for Covid pills.
China’s central bank vows ‘moderately loose’ monetary policy
BEIJING, Jan 5, 2025 (BSS/AFP) – China’s central bank has outlined a “moderately loose” monetary plan aimed at boosting domestic demand to spur growth, days after President Xi Jinping called for more …
China’s box office takings drop by a quarter as viewers turn to streaming
While China’s film industry surpassed North America’s in box office revenues for the first time in 2020, its recovery after the pandemic has been weaker. The world’s second-largest film market …
China’s unyielding fight against corruption
China’s anti-corruption battle continues to roar. In 2024, it made waves in sectors such as finance, energy, healthcare and sports, while dismantling sophisticated forms of graft that sought to …
