Several countries which have received loans from China under the Belt and Road Initiative have run into economic crisis and have been unable to repay the debts. Last year Sri Lanka defaulted. The …
Tagged By finance
China criticizes G7’s double-talk on decoupling
A passerby walks in front of the logo of the G7 finance leaders’ meeting in Niigata, Japan, on May 10. SHUJI KAJIYAMA/ASSOCIATED PRESS China has called on the Group of Seven not to abuse trade…
China and Russia compete for Central Asia’s favour
In 2022 China was Central Asia’s largest trading partner … For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our weekly subscriber-only …
Sunak speaks well to warn against China
The hand, or rather the wallet, of China is everywhere, in real estate, finance, data, software, tech. How to counter it, how to resist its overtures, especially if it comes laden with bounty, is not…
China’s interbank repo turnover hits record, market expects more easing
Yields on China’s benchmark 10-year government bonds also fell to … It has been trading below the policy rate of the central bank’s reverse repos for the same tenor in May. Borrowing cost of the…
Singapore’s Q1 GDP contraction raises recession risk; China revival key
raising the risk of a recession in the city state as the global economic outlook weakens and major trading partner China struggles for a post-COVID lift-off. Singapore, a major financial hub, is …
China’s US$1.6 trillion brokerage industry braces for more pain as authorities frown at high commissions, generous compensation
Reports suggest some CICC bankers have been dealt a 40 per cent cut in bonus amid Beijing’s call to ditch financial elitism Analysts expect further pain for brokerages, as a State Council guideline …
China stocks continue slump, dragged by consumer and financial stocks
SHANGHAI, May 24 (Reuters) – Chinese stocks fell on Wednesday, extending declines from the previous session as consumer and financial shares slipped … negotiations dragged on without resolution. ** …
Hunter Biden wooed China execs with high-level CCP ties while fundraising for movie venture while dad was VP
Hunter Biden met with several CCP-tied executives, including Jack Ma and other Alibaba execs, as part of a week-long China trip to find potential investors for a movie project in 2016.
Chinese investment bank CICC to cut pay ‘by over 40%’ as Beijing broker crackdown roils bonus season
CICC pay to bankers has historically been on par with global firms such as Goldman Sachs and UBS. Read more at straitstimes.com.
The backdrop for stocks is as muddy as ever — and that’s great news, says this banking giant
In the face of powerful shocks –including the continued effects of the Russia-Ukraine war, high inflation, surging central bank policy rates, and (more recently) the emergence of banking sector …
Tech war: Beijing moves to limit collateral damage from Micron sales ban with muted reaction from consumers
Beijing is trying to limit collateral damage from its decision to partially ban sales in China by US chip maker Micron on national security grounds, after Washington challenged the ruling as a …
China Stocks Poised to Erase 2023 Gains as Headwinds Intensify
Chinese stocks fell, with the benchmark index on track to erase its gains for the year, as a weaker yuan and developers’ debt woes added to persistent worries over growth and geopolitics.