(Bloomberg) — China’s pawn shops may be growing too big for their own good. Unlike their small-dollar lending, used-guitar selling peers in middle America, pawn shops in Asia’s largest economy have b… ( read original…
Tagged By finance
Brussels ramps up criticism of China’s investment strategy in EU
“China’s publicly stated reform ambitions should translate … Chinese investments overseas have contributed to economic growth but often “neglect socio-economic and financial sustainability”, because … ( read original story …)
WH official: US, China in ‘final weeks’ of trade talks
WASHINGTON — The top U.S. trade negotiator suggests that the U.S. and China are nearing an agreement that would … U.S. Trade Representative Robert Lighthizer told the Senate Finance Committee Tuesda… ( read original story…
China studying impact of rate overhaul on loan pricing – sources
SHANGHAI/BEIJING (Reuters) – Chinese financial regulators are studying … growing speculation over whether the People’s Bank of China (PBOC) will cut interest rates soon to support the slowing … ( read original story …)
Blockchain in China: How China could dominate the blockchain space in the next five years
the largest Chinese bank – the People’s Bank of China – is also investigating blockchain technology. The bank recently tested a blockchain-based trade finance and account receivables platform. ( read original story …)
China flags further cuts to coal use
Coal made up 59 per cent of China’s energy input last year Beijing will support companies making the switch from coal Shanghai | China has signalled further cuts to coal use as it steps up…
‘Zombie’ enterprises hampering China’s economic transformation – Chinalco
There are three difficulties when it comes to getting rid of zombie firms, the official Xinhua news agency said, citing Ge Honglin, chairman of Aluminum Corporation of China (Chinalco). Local governme… ( read original story…
The US, China and the return of a two-bloc world
After Canada obeyed an American extradition request and arrested Meng Wanzhou, the chief financial officer of Huawei, the Chinese response was fierce. Within days, Canadian citizens were arrested in C… ( read original story …)
China Traders Who Loved Leverage Left Reeling by Friday Rout
Read more: China’s $345 Billion Stock Rout Shows Beijing’s Fear of Bubbles Financial data provider Hithink RoyalFlush Information Network Co. fell as much as 5.3 percent Monday before closing up 0.5 p… ( read original…
China’s yuan ‘may already be overvalued’ and is set to move lower, Nomura says
The Chinese yuan may “already be overvalued” against the U.S. dollar and will likely move lower, Japanese financial firm Nomura says. The United States reportedly wants to mandate a “stable” yuan as p… ( read…
China’s Communist Party affiliate seeks ban on child news anchors
An affiliate of China’s ruling Communist Party has called for a ban on … violates their privacy and causes financial losses due to “irrational” rewards to the network anchors, The Beijing News quote… ( read…
China is strangling its private champions
In the name of risk management, the People’s Bank of China in January officially became the custodian of all deposits from third-party payment groups, a transition that started in 2017. Before then, t… ( read…
China orders its airlines to suspend use of Boeing 737 MAX aircraft
SHANGHAI (Reuters) – China’s aviation regulator said on Monday it had ordered … Caijing, a Chinese state-run news outlet that covers finance and economics, said many flights scheduled to use 737 MAX … ( read…
