China must do more to address a severe shortfall in pensions that could, by one estimation, amount to US$540 billion by next year, according to experts. “The government is not doing nearly enough,” … (…
Tagged By finance
China struggling to quit its debt addiction
Nonetheless, 2017 appeared to mark a decisive break from China’s addiction to debt. For years policymakers had paid lip service to warnings from global bodies like the International Monetary Fund and … ( read original…
China Has a Lot of Financial Opening Up to Do, Says Central Bank
(Bloomberg) — The level of openness of China’s financial markets to the rest of the world isn’t high so there’s a lot of room for further opening, according to People’s Bank of China Governor Yi…
China central bank head says country to step up oversight of systemically important financial firms
BEIJING (Reuters) – China will increase oversight of systemically important financial institutions and holding companies as the country opens up its financial sector, Central Bank Governor Yi Gang … ( read original story …)
China Officials Tap Lower Tariffs, Debt Sales to Aid Growth
Meanwhile, the government will speed up bond sales and the use of the funding to boost domestic demand, Finance Minister Liu Kun said at the same event. The commitments foreshadow another round of … (…
The US-China trade war is drawing a new battle line over megaproject funding. At least it will be good for infrastructure
The signs can be seen in Italy’s foray into China’s Belt and Road Initiative (BRI), and the naming of a Trump loyalist to head the World Bank. Donald Trump and Xi Jinping have a lot…
China says it regrets decision by Inter-American Development Bank to cancel meeting in Sichuan
China’s foreign ministry said on Saturday it regretted the decision by the Inter-American Development Bank to cancel a meeting scheduled for next week in the southwestern city of Chengdu. The IDB said … ( read…
Italy, China sign accord deepening economic ties
where President Donald Trump is challenging China over trade and other issues. The EU, however, is worried about unfair competition from Chinese companies, which are controlled by the Chinese … ( read original story …)
Why China missed out on hosting the Inter-American Development Bank meeting in Chengdu
China’s economic interests in Venezuela made it impossible to accept a representative from the opposition Juan Guaido camp – even if it meant not hosting the Inter-American Development Bank’s annual … ( read original story…
Italy, China sign memorandum deepening economic ties
where President Donald Trump seeks to challenge China over trade and other issues. The European Union is also worried about unfair competition from Chinese companies, which are controlled by the … ( read original story…
Finance Meeting in China Said to Be Canceled Over Venezuela Row
The Ministry of Foreign Affairs and People’s Bank of China — which was hosting the meeting — did not reply to faxes sent on Saturday in Beijing seeking comment … it should focus on financial…
Bank of Beijing planning venture with Dutch lender
With a total investment of 3 billion yuan ($448 million), the forthcoming joint-venture bank, which is still waiting for regulatory approval, may become China’s first commercial lender in which a … ( read original story…
China studies new round of financial sector opening – official
BEIJING (Reuters) – China’s banking and insurance regulator is studying a new round of opening measures for the country’s financial sector, aiming to achieve the dual goals of greater access as well … ( read…
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