Ericsson’s sales plunged in China as the Swedish telecoms equipment maker warned it was likely to suffer retaliation due to Sweden banning its Chinese rival Huawei from building 5G networks in the …
Tagged By finance
China central bank says it will steadily push forward digital yuan pilots
REUTERS/Aly Song 2/2 BEIJING (Reuters) – China’s central bank said on Friday it would steadily push forward pilot schemes to develop its digital yuan, and will not set a timetable for rolling out the …
Wall Street banks’ IPO fees could come under pressure from mainland rivals if Beijing forces tech firms to list in Hong Kong
Some of Wall Street’s biggest banks could potentially lose hundreds of millions of dollars in lucrative investment banking fees if China’s new rules on foreign listings force tech unicorns to list …
What China’s Junk Bond Sell-Off Means
Chinese junk-rated dollar bonds have seen their worst sell-off since the depths of the March 2020 pandemic. As regulators seek to curtail borrowing in the debt-laden property market, some investors …
China-backed development bank AIIB makes first move into Sub-Saharan Africa
The China-backed Asian Infrastructure Investment Bank (AIIB) approved its first project in sub-Saharan Africa on Thursday, adding to a growing list of international development banks now moving into …
China Plans Financial Opening, Tax Breaks in Shanghai’s Pudong
The Chinese government supports Shanghai’s Pudong New District to develop yuan offshore trading on the condition that related risks are controllable, Xinhua reports, citing guidelines issued by the …
China’s slowing economic growth signals fiscal spending could continue into second half of year
China is likely to stay on course with fiscal spending to shore up its slowing economy, analysts say, after a solid second-quarter economic performance did little to assuage concerns about a bumpy …
China warns of economic uncertainty despite moderate recovery in Q2
The pace of China’s economic recovery rose modestly in the second quarter after signs of sluggishness in the world’s second-biggest economy stoked expectations of greater policy support. On a …
China Says U.S. and Beijing Should Try to Implement Phase 1 Trade Deal – Ministry
China and the United States should work together to create the atmosphere and conditions to push for the implementation of the Phase 1 trade deal, Gao Feng, spokesman for China’s commerce ministry, …
China’s share of bitcoin mining slumped even before Beijing crackdown, research shows
China’s share of global bitcoin production power fell sharply even before a recent crackdown by its authorities on cryptocurrency mining, research by the University of Cambridge showed on Thursday.
China’s economic recovery loses some steam, investors eye more policy easing
China’s economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and new COVID-19 outbreaks weighed on the recovery momentum. Gross …
China weighs risk and reward in a Taliban-led Afghanistan
China abhors a power vacuum, especially on its borders, and maintaining stability after decades of war in its western neighbour will be Beijing’s paramount consideration if the Taliban return to power …
China central bank partially rolls over maturing medium term loans, rate unchanged
China’s central bank partially rolled over maturing medium-term loans on Thursday, the same day as a cut in the banks’ reserve requirements takes effect. The People’s Bank of China (PBOC) said in a …
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