Excluding developed economies such as Japan and South Korea, the higher rate is led by China, whose growth projection was revised up 0.2 point to 6.7 per cent, the bank said in its latest East…
Tagged By finance
Guinea-Bissau Reduces Outstanding Debts with China’s Exim Bank by 90%
Following an official request for support from the Government of Guinea-Bissau, the African Legal Support Facility (ALSF) has provided creditor litigation support and advisory services to Guinea-Bissau during outstanding debt negotiations with the Export ……
Whiff of monetary easing sends China stocks to 2-year high
Mainland stocks listed in Hong Kong closed at their highest level in more than two years on Wednesday after China’s central bank cut the share of deposits that commercial banks must hold in reserve. The…
World Bank raises China GDP growth forecasts
The World Bank has raised its forecast for China’s GDP growth in 2017 to 6.7 percent and 6.2 percent in 2018, from a previous forecast of 6.4 and 6.2 percent respectively. “The economic outlook for…
China seen staying the course on monetary policy: survey
“We think with more consolidated power after the 19th [party congress], President Xi will kick off more real but painful reforms,” said Shen Jianguang, chief China economist at Mizuho Securities Asia. Many also expect the…
World Bank ups forecast for growth
The World Bank on Wednesday raised China’s growth forecast for 2017 and 2018, citing an improved external environment and strong domestic demand. The bank now expects China’s economy to expand by 6.7 percent in 2017,…
China’s Currency: Safer Than Japan’s Yen?
the renminbi’s recent strength is less about investors viewing the currency as a stalwart in troubled times and more about policy changes from the People’s Bank of China (PBOC). I also don’t think the renminbi…
China’s lending tumbles as Belt and Road gets a refresh
Government lending has been inflated in recent years by massive state loans between China and countries such as Pakistan, to which the Chinese government pledged US$46bn in 2015. The latest data from boutique investment banking…
Meet the Rising Stars on Wall Street shaking up investing, trading and dealmaking
He holds the Chartered Financial Analyst designation and earned his undergraduate … markets for two years before departing to help build out the firm’s operation in Beijing. As Chinese conglomerates continued to flourish and binge…
China flexes its economic muscles to push green finance on the New Silk Road
China’s “Belt and Road Initiative” is likely to transform trading routes from Asia to Africa, the Middle East to Russia. With the world’s largest foreign reserves and a determination to build political and economic ties…
Bain files for China antitrust approval on $18 billion Toshiba chips deal: source
HONG KONG/TOKYO (Reuters) – The Bain Capital-led consortium that bought Toshiba’s chip unit for $18 billion last week has filed for antitrust approval in China, a source familiar with the matter said, but it may…
China builds world’s longest canal network spanning 1,400 kms, diverts 10 billion cubic metres of water to north
China has diverted 10 billion cubic metres of water from the south to its drought-prone northern regions including Beijing, which are home to 53.1 million people, aided by the world’s longest canal and pipeline network…
Chinese banking regulator fines 1,171 institutions, totalling 552 mln yuan
BEIJING, Oct. 4 (Xinhua) — China’s banking regulator has punished 1,171 institutions for financial irregularities in the first eight months of 2017, with fines totalling 552 million yuan (about 83.1 million U.S. dollars). The China…
