It has been revealed that China has invested a staggering $230.8 billion over the past decade to cultivate its electric car industry.
Tagged By finance
China asks Visa, Mastercard to cut transaction fees, Bloomberg News reports
China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country, as part of an effort to facilitate payments for foreign visitors, Bloomberg News reported, citing a …
Stronger monetary, fiscal policy coordination urged as China’s treasury-bond trade nears
With Beijing set to overhaul its monetary tools by restarting treasury bonds purchases in the secondary markets, China’s central bank and finance ministry are expected to dovetail efforts to support …
China to Continue Reducing Holdings of USD Assets
ANZ thinks China will continue to increase the use of CNY in conducting trade, which would help enhance monetary policy independence and support a greater tolerance for exchange-rate volatility.
Germany doesn’t expect a solution to EU tariff tensions on China trip
PAJU, SOUTH KOREA, June 21 (Reuters) – In his trip to China, Germany’s Economy Minister Robert Habeck … correspondent in Berlin covering German economics and the ministry of finance. Maria …
China’s third plenum: few ‘bold’ moves in store but analysts watch for structural reforms as Xi’s vision leads the way
The third plenum of the Communist Party of China has been a landmark event since Deng Xiaoping’s groundbreaking reforms in 1978.
US-sanctioned Russian giant Alfa Bank expands in China
Facing Western sanctions, Russia’s largest privately owned bank, Alfa Bank, is expanding its operations in China, the world’s second-largest economy.
China’s yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China’s yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanctions and as central banks boost dollar holdings.
Russia, China find payments workaround as US sanctions net widens, sources say
Russia-China trade options have narrowed since the U.S. imposed sanctions last week on the only Russian bank branch in China, but President Vladimir Putin’s Chinese visit last month has helped ensure …
China’s key plenum aims to fix decades-old tax revenue imbalance
Long-touted changes to China’s tax system will focus on allowing local governments to retain more fiscal revenues, say policy advisers, widely seen by markets as an important step towards removing an …
China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome
China will also support insurance institutions as they make their own investments in VC funds. “Developing venture capital is a key step to promoting the virtuous cycle of technology, industry and …
China’s Central Bank Hints at Major Policy Shift
A speech by China’s central bank chief signals that it is looking to update its monetary tool kit with potential changes that economists say herald a major policy revamp, bringing it closer to …
Analysis-China’s key plenum aims to fix decades-old tax revenue imbalance
Long-touted changes to China’s tax system will focus on allowing local governments to retain more fiscal revenues, say policy advisers, widely seen by markets as an important step towards removing an …
