… at a conference this week to help narrow their trade deficits with Beijing by shifting more manufacturing to their continent, the chief executive of the biggest African bank said. China has passed … (…
Tagged By finance
Bank chief: BRI boosts growth of continent
Akinwumi A. Adesina, president of the African Development Bank. [Provided to China Daily] The president of the African Development Bank said on Tuesday that the Belt and Road Initiative has helped unl… ( read original…
Chinese Central Bank Launches Testing Phase of Trade Finance Blockchain Platform
The People’s Bank of China (PBoC) has officially launched the testing phase of a blockchain trade finance platform, local news outlet Shanghai Securities News reported September 4. The Shenzhen Centra… ( read original story …)
China pledge of $60bn loans to Africa sparks anger at home
Mr Xi’s pledges involved a combination of grants, low-interest loans, financial investment and trade finance. But in China’s state media on Tuesday, such overseas commitments were presented as “aid” o… ( read original story …)
China’s policy choices crucial for global financial stability
The British historian Arnold Toynbee remarked that America was a large, friendly dog in a very small room and that every time it wagged its tail it knocked over a chair. If he had lived…
China shares recover as central bank yuan support lifts investor mood
Mainland Chinese stock markets rose on Tuesday after the central bank acted to bolster the yuan currency, giving sentiment a boost amid a series of issues that have left many investors unsettled. At t… (…
Is China’s $26 Trillion New Silk Road A Debt Trap?
Xi said China’s trade with Belt and Road countries … controlling stake of Port of Hambantota to a Chinese state-owned finance firm after it almost defaulted on a $1.5 billion loan from Beijing. ( read…
China pledges $60bn for Africa as Xi rejects ‘debt trap’ claims
At the start of the three-day triennial Forum on China-Africa Co-operation in Beijing, Mr Xi said China would not finance “vanity projects” but would concentrate on commercially viable, sustainable an… ( read original story …)
China discusses ways to stabilise market expectations: central bank
BEIJING (Reuters) – China’s financial oversight body has discussed with experts ways to improve communications with market participants and stabilise market expectations, the central bank said on … ( read original story …)
China central bank lends 532.00 bln yuan via medium-term facility in Aug
BEIJING , Sept 3 (Reuters) – China’s central bank lent 532.00 bln yuan ($78.02 bln) to financial institutions via its medium-term lending facility (MLF) in August, it said on Monday. Outstanding MLF w… ( read…
China’s Xi offers $60bn in financial support to Africa
China’s President Xi Jinping has offered $60bn in financial support to African countries and written off debt for poorer African nations. Speaking at the opening of a major summit with African leaders … ( read…
China, Africa expand, upgrade financial cooperation
China and Africa have witnessed expanded and upgraded financial cooperation over the past three years. It is a result of the great efforts made by China to accelerate African countries’ industrializat… ( read original story…
China’s Xi pledges $60 billion in financing for Africa
BEIJING — Chinese President Xi Jinping on Monday pledged $60 billion in financing for projects in Africa in the form of assistance, investment and loans, as China furthers efforts to link the continen… ( read…
