China is developing a new sea-based intercontinental ballistic missile (ICBM), the Julang-3 (JL-3), according to local media. The development of JL-3 missile was initially reported several years ago. It’s expected that the new missile will…
Tagged By finance
Concerns growing over scale of China’s debts
“Everyone knows there’s a credit problem in China, but I find that people often forget about the scale. It’s important in global terms,” Charlene Chu said in an interview with the Financial Times. Chu, who…
Why China is Apple’s biggest hope and greatest headache
“We feel very good about the performance in China,” Luca Maestri, Apple finance chief, told the Financial Times earlier this month. “We think [China sales] will continue to improve in the September quarter.” But analysts…
Ikea gears up for more store expansion in China
Ikea Group plans to open three new stores in China in its new financial year, which has just started, the head of the Swedish furniture and home accessories group in China said on Thursday. People…
China banking regulator says encouraging banks to speed up disposal of bad loans
BEIJING (Reuters) – China’s banking regulator said on Friday it is encouraging banks to speed up disposal of non-performing loans (NPLs) and will maintain its push for asset-backed securitization of NPLs. The regulator will go…
Chinese banks battle slowing loan growth, default risks loom
with more doors shut in the shadow banking, which has been a source of profits to offset the impact on net interest income.” Reporting By Shu Zhang in BEIJING and Engen Tham in SHANGHAI, additional…
China regulator says shadow banking crackdown reaches initial targets
China’s moves to crack down on illicit banking activities have achieved initial targets and 20 sets of new regulations to increase supervision will be issued this year, the chief of the banking regulator’s Prudential Regulation…
China’s regulatory crackdown hits regional banks’ balance sheets – Shanghai Securities News
SHANGHAI, Aug 18 (Reuters) – China’s crackdown on shadow banking activities has hit growth of some of its regional banks and severely shrunk their balance sheets, the official Shanghai Securities News reported on Friday, suggesting…
‘Maniacal’ focus on China puts Trump aide out of mainstream
WASHINGTON — White House adviser Steve Bannon isn’t alone in pondering America’s possibly generation-defining question about China’s emerging superpower status — but his call for an “economic war” puts him far outside the mainstream. (…
China bank loans to slow as lenders rapidly exhaust annual quotas
Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs…
Prominent China debt bear warns of $6.8tn in hidden losses
One of the most influential analysts of China’s financial system believes that bad debt is $6.8tn above official figures and warns that the government’s ability to enforce stability has allowed underlying problems to go unchecked.…
China’s suicidal debt can trigger next financial crisis
China’s huge debt pile could be the trigger for the next financial crisis as borrowing reaches unsustainable levels, according to a study from the International Monetary Fund (IMF). The IMF released its annual report on…
Alibaba Group Announces June Quarter 2017 Results
HANGZHOU, China–(BUSINESS WIRE)– Alibaba Group Holding Limited (NYSE:BABA) today announced its financial results for the quarter ended June 30, 2017. “Alibaba had a strong start to fiscal 2018, reflecting the strength and diversity of our…
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