China has stepped up fiscal support for disaster prevention and mitigation and emergency management, with the general public budget expenditure on the effort increasing by 8.85 percent on average over …
Tagged By finance
China’s top auditor puts authorities on notice over unpaid bills to businesses
One of China’s top financial watchdogs has sounded the alarm over government debts to businesses, identifying more than 7 billion yuan (US$960 million) in unpaid bills last year alone. The arrears …
Tiny but vital metal markets rush to adjust to Chinese clampdown
Chinese curbs on exports of three niche metals to the US have already rattled the market. Now, a bigger clampdown looks set to have far-reaching ramifications for supply chains feeding American …
Bank of England governor to join Reeves on key China visit
Andrew Bailey and Nikhil Rathi, CEO of the Financial Conduct Authority, will form part of Britain’s delegation to China next month, Sky News learns.
China Shorter Yields Sink to Two-Decade Low as Bond Fever Builds
China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.
British finance minister’s China trip may ‘test the waters’ for pragmatic approach
Chancellor Rachel Reeves is reportedly planning a visit next month in the latest sign the Labour Party is seeking stronger economic ties.
UK finance minister to visit China in January to revive regular economic talks, sources say
Britain’s finance minister Rachel Reeves will visit China for two days in January to revive high-level economic and financial talks that have been frozen since 2019, three people with knowledge of the …
Chinese investment banking will roar back in 2025
Past performance, the saying goes, is not indicative of future results. For investment bankers in China’s once-bustling equity markets, that has been a particularly painful post-pandemic lesson to …
Beijing’s fiscal revenue shows steady growth in Jan-Nov
From January to November, Beijing’s general public budget revenue reached 597.92 billion yuan ($83.7 billion), a year-on-year increase of 2.7%, according to the Beijing Municipal Finance Bureau. Tax …
People’s Bank of China keeps key lending rates steady for second straight month, as expected
People’s Bank of China kept its key lending rates steady for the second straight month during its December fixing, as widely expected. The one-year loan prime rate (LPR), the benchmark for most …
China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
The rate decision came on the back of a widely-expected 25-basis-points rate cut by the U.S. Federal Reserve on Wednesday. The Fed also indicated it will only reduce interest rates twice in 2025, …
UK finance minister to revive regular economic talks with China in January trip, sources says
Britain’s finance minister Rachel Reeves will visit China on a two-day trip in January to revive high-level economic and financial talks that have been frozen since 2019, three people with knowledge …
China’s Overseas Investment Adds to Cash Exodus Weighing on Yuan
Chinese firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the yuan amid an accompanying exodus of foreign capital.
