Thanks to its specialized machinery and the world’s insatiable hunger for more powerful chips, ASML has been able to put up impressive financial numbers, even in a tough time for the chip sector …
Tagged By finance
China May Bring In Swap Scheme for Hidden Local Gov’t Debt, Experts Say
(Yicai Global) July 26 — China’s central government will likely introduce a swap scheme for hidden local government debts to help address the issue, according to financial experts.
China’s Politburo Calls for Speedier Issuance of Local Gov’t Special Bonds
China’s positive fiscal policies have been mostly having two tools in recent years, policies to cut taxes and fees to ease companies’ burden and stimulate the market and large-scale special local government bonds to expand…
Global Watch | China is in deep economic trouble with an unsustainable economic model
A break-up of Chinese debt components shows that its local governments have almost one-third debt of China’s overall GDP. The financial affiliates of these local bodies carry a debt of around 40-50 …
China defers $2.1b debt payment to Pakistan for two years
China has approved the deferment of a loan of $2.1 billion to Pakistan for two years. China Exim Bank has approved extending Pakistan’s $2.1 billion loan for a time span of two years, according to…
Blinken criticises China’s ‘problematic behaviour’ during visit to Tonga
U.S. Secretary of State Antony Blinken warned of China’s “problematic behaviour” during a visit to the Pacific island nation of Tonga on Wednesday, citing Beijing’s militarisation of the South China Sea and what he called…
Pan Gongsheng: Can China’s new central bank boss fix its economy?
China has named Pan Gongsheng as the new governor of its central bank, the People’s Bank of China (PBOC). The 60-year-old’s appointment comes as the country continues to struggle with major economic …
Who is the new boss of China’s central bank?
Pan Gongsheng succeeds Yi Gang, who has been governor of the People’s Bank of China since 2018.
China’s Central Bank Governor Comes With Hawkish Record on Risks
China’s newly appointed central bank Governor Pan Gongsheng comes with a strong record of tackling financial risks, from managing the currency to cracking down on the property market.
Explainer: China’s politburo meeting leaves many economic headaches unaddressed
China’s leadership pledged at a key Communist Party meeting this week to support the economy through a “tortuous” post-pandemic recovery, but offered very little detail on specific measures, causing mixed feelings among investors and economists.
GIC bets on China after scoring 8-year-high real returns
Singapore sovereign wealth fund GIC, one of the world’s biggest investors, plans to continue investing in China despite geo-political tensions after chalking up its best showing in eight years in the …
Senate Targets China, Voting to Restrict Farmland Purchases and U.S. Investment
Senators voted overwhelmingly to block Chinese businesses from buying farmland and mandate that American investment in the country’s national security industries be tracked.
China’s New Central Bank Chief Brings Harvard, Cambridge Connections Amid Strained Foreign Ties
Pan Gongshan takes up post amid strains in China’s international ties, worries about growth in world’s second-largest economy …