CHINA’S credit growth was slower than forecast in November as government borrowing to finance stimulus eased off from the highs seen in October. Read more at The Business Times.
Tagged By finance
Continued opening-up helps foreign finance cos
Based in Beijing with a registered capital of 1.05 billion yuan … John Tan, chairman of SCSCL, said the company looks forward to the continued opening-up of financial markets in China, where capital …
China should set appropriate fiscal deficit in 2024 -senior party official
China should set its 2024 fiscal deficit and special local government bonds at appropriate levels and optimise the structure of fiscal spending, a senior Communist Party official said on Wednesday, …
China policymakers visit Hong Kong to boost finance hub
CHINA’S financial policymakers are in Hong Kong this week meeting bankers to seek ways to bolster the city’s status as a hub for investments, deals and talent. Read more at The Business Times.
China Turns the Tables on Wall Street
China is upending how the international financial system handles debt crises in the developing world. Wall Street isn’t happy. Large bond fund managers cried foul last month when China blocked their …
China’s banking system is in free fall and the country’s real estate losses could hit $4 trillion, veteran investor says
China’s banks will lose more than what US banks lost during the 2008 crisis, Hayman Capital CIO Kyle Bass said.
Bipartisan committee calls for tariffs as part of reset with China
A bipartisan committee in the House is recommending that the United States reset its economic relationship with China and raise tariffs on the country.
China facing ‘challenges’ in reviving economy, leaders admit
Chinese exports — long a key growth driver — had largely been in decline since last October, except for a short-lived rebound in March and April. BEIJING: China is confronting “difficulties and …
India, China providing more climate finance than rich nations: Report
Some developing countries, including India, China and Brazil, contribute more climate-related finance through multilateral development banks than many countries in the Global North, according to an …
China deflation worsens as economic problems mount
In another indication of expectations of a worsening economic outlook, rating agency Moody’s last week cut its outlook for Chinese sovereign debt to negative.
Asian infrastructure bank can’t be reformed unless China changes course, former executive says
A former senior executive of the Asian Infrastructure Investment Bank (AIIB) told a House of Commons committee Monday he doesn’t believe the international financial institution can be reformed as long …
China likely to adopt law for financial risk control next year
China is likely to adopt a significant law in 2024 that will provide a predictable framework and enriched funding support for financial risk resolution, underscoring the country’s steadfast commitment …
China is close to peak emissions, but it doesn’t want to talk about it
A slowing economy and a surge of renewable energy are shrinking China’s carbon footprint. Beijing isn’t bragging, though.
