China’s credit growth recovered in August from a record low after the central bank cut rates and pushed banks to lend more, although still anaemic household borrowing and the return of shadow banking …
Tagged By finance
Modernizing The IDB To Compete With China’s Debt Diplomacy
Governments have only two solutions: a revitalized Inter-American Development Bank that leverages private investment or accepting China’s debt trap diplomacy.
GM, Mercedes-Benz pile among carmakers banking on China for EV sales, not doing enough on climate crisis, Greenpeace says
The world’s largest carmakers have relied heavily on the Chinese market to increase the sales of zero-emission vehicles (ZEVs), and are not moving away from fossil fuels at a rate sufficient to limit …
China’s threshold on pain for a weak yuan facing a serious test from strong dollar
With virtually every currency weakening against the dollar, Chinese policy makers have to decide whether it’s worth their while resisting the decline of the tightly managed yuan.
China’s ‘financial invasion’: Hundreds of Chinese-controlled apps siphon off thousands of crores from India
ED investigations revealed that some Chinese nationals illegally floated multiple Indian companies, collecting thousands of crores in revenue and repatriating them to China. The siphoning off of money …
China central bank lists 19 systematically important banks
China’s central bank and banking regulator on Friday jointly unveiled a list of 19 banks that are regarded as systematically important. The banks include six state-owned commercial banks, nine …
China central bank lists 19 systemically important banks
BEIJING: China’s central bank and banking regulator on Friday (Sep 9) jointly unveiled a list of 19 banks for 2022 that are regarded as systemically important, as part of efforts to protect the …
Congress should block Treasury from financing China’s interests in America’s backyard
If approved, it would strengthen communist China’s penetration of our own backyard. Last July, the U.S. Treasury Department committed to further capitalizing the Inter-American Development Bank, the …
China’s financial hub Shanghai to extend free COVID testing services
China’s financial hub Shanghai will extend free regular COVID-19 testing services to Oct. 31 to further consolidate the results of their epidemic prevention efforts, the city government said on Friday …
Lambo reaches out to China’s finance ministry, auditors over subsidiary’s alleged wrongdoing
Lambo Group Bhd has reached out to China’s finance ministry and the past and present auditors of its indirect wholly owned subsidiary Fujian Accsoft Technology Development Co Ltd over alleged …
Legendary China Bets Unwind as Buffett, SoftBank Sell
For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co.But now big-name investors who’ve made …
EMERGING MARKETS-FX firms as dollar loses ground; stocks jump on Beijing stimulus hopes
Currencies across emerging markets strengthened on Friday as the dollar recoiled from recent peaks, while stocks were led higher by Chinese equities on hopes of more stimulus from Beijing. MSCI’s …
China’s currency weakens as its economic woes mount
China’s government-influenced currency is tumbling — and it’s close to crossing a somewhat sensitive milestone relative to the dollar. Why it matters: The drop in the value of the currency, officially …