Ericsson expects to take a second-quarter writedown of about 1 billion crowns ($109 million) on product inventory in China, the Swedish telecoms gear maker said on Monday. The company, which has won … ( read…
Tagged By finance
Why the Trump Administration Has Helped China
The Trump administration mishandling of the coronavirus pandemic and the death of George Floyd has raised the stature of China, which is now perceived as the more competent country in the world. ( read original…
China’s finance ministry asks local governments not to ignore debt risks
China’s local governments cannot ignore debt risks and take on more debt illegally because of the fiscal difficulties caused by the coronavirus pandemic, a meeting chaired by finance minister Liu Kun … ( read original…
China Could Force Donald Trump And The Fed To Destroy The U.S. Banking System
The Federal Reserve has warned central bank digital currencies might one day replace commercial banks, creating “a deposit monopolist” and playing “havoc” with the … ( read original story …)
Beijing city authorities rejects calls for allow roadside stalls to return, saying they are ‘unsuitable’ for Chinese capital
Premier Li Keqiang had touted the ‘vendor economy’ as a way of helping the post-coronavirus recovery, but municipal authorities say this does not fit their plans. ( read original story …)
China Markets Show Anxiety Over Looming $380 Billion Funding Gap
A looming liquidity shortage is challenging China’s efforts to keep borrowing costs low amid the economic fallout from the global pandemic. ( read original story …)
China c.bank drains net $63 bln yuan on week, biggest since mid-Feb
China’s central bank injected 150 billion yuan ($21.10 billion) into the banking system on Friday through seven-day reverse repurchase agreements, while keeping the interest rate unchanged at 2.20%. ( read original story …)
360 Finance’s Affiliate Acquires 30% Stake in Kincheng Bank of Tianjin
Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that 360 Group, one of its affiliates, acquired a 30% stake in Kincheng Bank … ( read original…
China Central Bank Drains Net $63 Billion Yuan on Week, Biggest Since Mid-Feb
The People’s Bank of China (PBOC) said in a statement Friday’s fund injection was to counteract the impact from factors including maturing reverse repos and financial institutions’ reserve requirement … ( read original story …)
Beijing’s change of heart on street vendors sparks stock market frenzy as traders predict surging demand for vans, kitchenware, umbrellas
China’s street vendors are officially flavour of the month, and the share prices of related companies reflect their new-found status.A policy U-turn by the Chinese government to support the tiny … ( read original story…
China Green Finance
China’s green bond market is becoming big for international investors to ignore, but questions remain over standards and disclosure. Can China take meaningful steps towards aligning itself with global … ( read original story …)
China Tackles the Dirty Work of Finance
Beijing is scrubbing up. Late last week, the central bank excluded so-called clean coal from a draft list of projects eligible for green bonds. It’s a significant move that puts the world’s number-two … ( read original story …)
Trump’s Promised Farm Bonanza From China Deal Far From Fulfilled
President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be…
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