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…
Tagged By finance
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…
Tariff fight adds to China’s economic challenges
BEIJING — China faces bigger economic challenges than its trade war with the U.S. Even before tit-for-tat tariffs, growth in the world’s No. 2 economy was already forecast to cool from 6.8 per cent la……
China’s mega banks are boasting higher profits, but investors still aren’t buying their stocks
Investors fear that Chinese authorities, facing a slowing economy and worsening tensions with the U.S., may abandon plans to deleverage and the banking industry could see bad debt pile up again. The l… ( read…
Japan’s trade with China is booming, but irreconcilable differences persist
the idea of hostility between the two East Asian neighbors is sharply at odds with excellent trade numbers and Japan’s unrelenting efforts to keep open the bilateral flows of commerce and finance. Her… ( read…
China culls 38,000 pigs as swine fever spreads
Beijing (AFP) – More than 38,000 pigs have been culled across China, state media said Sunday, as the world’s largest pork producer scrambles to contain an outbreak of African swine fever. ( read original story…
China-Africa trade deficit prominent at conference
China has passed Europe and the United States as the biggest trading partner of most African countries. Most run large deficits with Beijing, exporting minerals and buying Chinese manufactured goods. ( read original story …)
China Party journal warns of trade war’s impact on financial stability
SHANGHAI (Reuters) – A Chinese Communist Party journal said on Saturday that the country may experience near-term pain from trade friction with the United States, including a negative impact on financ… ( read original story…
Beijing’s massive new airport ‘on time’ for 2019 launch
Amid farmlands on the outskirts of Beijing, a massive construction site rising above the horizon bustles with activity as 8,000 workers build a new mega airport. Aimed at easing the passenger load of … (…
Hong Kong’s digital banking push pits tech newcomers against old-guard lenders
Bidders hoping to challenge the dominance of HSBC and its local rivals, Bank of China (Hong Kong) and Standard Chartered , include China’s Ant Financial, Tencent , and Ping An Insur… ( read original story…
China’s Central Bank Faces Tough Task in Guarding Nervous Yuan
September is set to be a hard month for China’s money markets, handing the nation’s central bank the tricky task of adding just enough liquidity without prompting renewed weakness in the yuan. Funding … (…
Japan finance minister, Chinese officials endorse global trade system amidst Trump tariffs
BEIJING—Japan’s finance minister and Chinese officials have pledged support for the multilateral system of global trade regulation ahead of a possible new round of U.S. tariff hikes in a battle over B… ( read original…
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