It appears the crackdown may intensify, they say. Last week, the CCDI announced it would inspect more than 30 major state-owned firms. They include financial giants such as China Investment Corp …
Tagged By finance
Is China About to Replace the U.S. Dollar? Brazil’s Recent Deal Signals a Major Shift
In a bold move with far-reaching implications, China and Brazil have agreed to trade directly using their own currencies,bypassing the U.S. dollar. This development challenges the dollar’s long-held …
EU press for more balanced relationship at scaled-back EU-China summit in Beijing
European leaders demanded a more balanced relationship with China at a summit with President Xi Jinping in the Chinese capital on Thursday as the bloc runs a massive trade deficit with China of around …
China plans subsidy vouchers for seniors to ease strain on its aging population, drive consumption
China plans to offer vouchers to elderly residents in a rare use of direct fiscal aid to tackle its rapidly aging population and strained social welfare system.
China’s price wars hit investment banking as underwriters charge $100 fees
Bankers say pressure to undercut rivals has become acute as price-sensitive state-owned issuers dominate market …
Top Fund Backs Further China Bank Stock Rally on Hunt for Yield
A top-performing Greater China equity fund manager is sticking with his conviction call on big Chinese bank stocks listed in Hong Kong, confident that higher dividend payouts will keep enticing …
With China now an adversary, this early Google investor wants the U.S. to bet on India instead
The importance of India to Fortune 500 companies will only increase in the coming years—the country boasts a young and well-educated population, anticipated GDP growth north of 6% every year for the …
China, EU discussed trade cooperation, issues ahead of summit
China’s commerce minister and the European Union’s trade chief had a “candid and in-depth” discussion on economic and trade cooperation as well as other issues that both sides face, the Chinese …
China’s Hidden Financial Meltdown: How Broken Tax System Is Bringing the CCP to Its Knees
Behind China’s towering skyscrapers and global manufacturing dominance lies a fragile financial structure on the brink of collapse. The country’s economic miracle is being shadowed by a catastrophic …
The Third China International Supply Chain Expo Concludes in Beijing
The five-day third edition of the China International Supply Chain Expo (CISCE) concluded in Beijing. Held under the theme Connecting the World for a Shared Future, the event demonstrated China’s …
Wells Fargo banker blocked from leaving China amid criminal probe, Beijing confirms
Wells Fargo banker blocked from leaving China amid criminal probe, Beijing confirms – Exit ban on American executive raises concerns among foreign businesses …
Wells Fargo executive barred from leaving China, as bank suspends travel there
Wells Fargo has suspended all employee travel to China after a U.S. executive was barred from leaving the country last week due to “a criminal case,” several national news outlets have reported.
China’s property loans rise to a 2-year high on policy support
China’s outstanding property loans stood at 53.33 trillion yuan (US$7.43 trillion) at the end of June, up 0.4 per cent from a year earlier, the People’s Bank of China said in …
