China’s local government fiscal situation is likely to improve as the economy rebounds this year, though debt risk for some authorities is high and repayment pressure is large, Minister of Finance Liu …
Tagged By finance
China debt: Gansu province moves to restore investor confidence, double borrowing with no default vow
Technical default’ of a local government financing vehicle in 2021 had a ‘significant negative impact’ on Gansu province, according to a local financial official Corporate bond financing in Gansu …
China bills sail through House committee
A desire to restrain China united Republicans and Democrats on the House Financial Services Committee Tuesday, with lawmakers approving a series of bipartisan bills designed to rein in the country’s …
UPDATE 1-Former president of China Merchants Bank charged with bribery – Chinese prosecutor
Tian Huiyu, a former president of China Merchants Bank , was charged for suspected bribery and insider trading, China’s top prosecutor said on Tuesday. Tian, also the bank’s former party secretary, …
China’s Xi ‘in a panic’ over coming population crisis, will be ‘more provocative, more belligerent’: Chang
Gordon Chang says Xi Jinping must be “in a panic” over China’s demographic crisis and warns the leader could act “more provocative, more belligerent” as a result.
GOP comes out swinging at China: 5 hearings, votes on a dozen bills aimed at CCP
House Republicans on Tuesday were taking several steps aimed at reining in China’s economic and scientific prowess, as well as warding off the threat of a Taiwan invasion.
Xi Preps China for ‘Intensified’ Overhaul of Government Agencies
President Xi Jinping signaled the unveiling of an overhaul of China’s government agencies when the country’s legislature holds an annual gathering starting next week.Most Read from BloombergElon Musk …
China ‘two sessions’ 2023: Xi Jinping vows ‘forceful’ overhaul of finance and technology sectors
Far-reaching’ changes to have ‘profound influence’ on economy and society, President Xi Jinping tells Communist Party’s top policymakers Details of reform package approved by Central Committee to be …
Former president of China Merchants Bank indicted
Tian Huiyu former president of China Merchants Bank has been indicted for suspected bribery power abuse trade on undisclosed in …
China debt blowout rings alarm bells as leaders meet in Beijing
When China’s leaders gather in Beijing for the annual parliament next week, one of the biggest economic risks they’ll need to tackle is the mounting debt of provinces. A majority of regional …
China Charges Ex-Merchants Bank President Over ‘Huge’ Bribes
Chinese authorities charged Tian Huiyu, the former president of China Merchants Bank Co., over suspected violations including taking bribes and insider trading, after an almost one-year long …
Former president of China Merchants Bank charged with bribery: Chinese prosecutor
BEIJING: Tian Huiyu, a former president of China Merchants Bank, was charged for suspected bribery and insider trading, China’s top prosecutor said on Tuesday (Feb 28). Tian, also the bank’s former …
The Cashless Revolution: China’s Reinvention of Money and the End of America’s Domination of Finance and Technology
Chorzempa charts the rise and fall of economic reformers in the Chinese Communist Party through the lens of financial technology … Chorzempa suggests that China’s commitment to issuing a central …