China’s attempts to stamp out Covid-19 are draining local-government coffers, posing a fresh threat to the economy and bond investors as President Xi Jinping doubles down on his zero-tolerance stance …
Tagged By finance
China exploiting Ukraine war to warn US of its threats
China is fully exploiting the Russia-Ukraine crisis to warn the United States of its threats — a classic example of “killing the chicken to scare the monkey,” GeoPolitica reports said. From China …
Tycoon running a quarter of China’s copper trade is on the ropes
China’s industrial heartlands and global merchants like Glencore Plc. Now Maike is suffering a liquidity crisis, and He’s empire is under threat. The ripple effects could be felt across the world: the …
With $968 mn of loans, India surpasses China to become largest lender of Sri Lanka
With a total of $ 968 million in loans in four months of 2022, India has emerged as Sri Lanka’s largest bilateral lender, overtaking China in the process, a media report said.
China’s chip output declines sharply due to covid lockdown, weak demand: Report
China witnessed a sharp decline in chip manufacturing in August owing to Covid restrictions and softening demand, according to a report in South China Morning Post.China’s chip output plummeted 24.7 …
China doubles down on coal burning in bid to battle energy crunch
CHINA HAS STEPPED up spending on coal in the face of extreme weather, a domestic energy crunch and rising global fuel prices – raising concerns Beijing’s policies may hinder the fight against climate …
China raises holdings of Treasuries in July, Japan cuts holdings, U.S. Treasury Department data show
China increased its holdings of Treasuries in July for the first time in eight months, while Japan reduced its U.S. government debt load, data from the U.S. Treasury department showed on Friday.
China’s stamp tax revenue up in January-August
According to the Ministry of Finance, stock trading stamp tax revenue went up 3.9 percent from a year ago to 206.9 billion yuan during this period. Data also showed that China’s fiscal revenue rose 3.
China puts another semiconductor fund executive under probe, Caixin reports
Investigation of Ren follows similar probes of other chip fund executives for ‘severe violations of laws and disciplines’ …
China raises holdings of Treasuries in July, Japan cuts holdings -Treasury data
China increased its holdings of Treasuries in July for the first time in eight months, while Japan reduced its U.S. government debt load, data from the U.S. Treasury department showed on Friday.
UPDATE 1-China raises holdings of Treasuries in July, Japan cuts holdings -Treasury data
China increased its holdings of Treasuries in July for the first time in eight months, while Japan reduced its U.S. government debt load, data from the U.S. Treasury department showed on Friday. China …
JPMorgan reduces credit to China’s Tsingshan and metal clients globally
JPMorgan Chase & Co has reduced lending to China’s Tsingshan, one of the world’s top nickel producers, while also paring back credit to other customers in Europe and Asia after a review of risk, …
China’s tax revenue shrinks in first 8 months thanks to tax cuts
China’s tax revenue narrowed in the first eight months of the year as the country has stepped up tax cuts to boost market vitality. The country’s tax revenue totaled some 11.32 trillion yuan (about $1…