Chinese investors are parking excess liquidity in safe bets within the financial system, including the US dollar, instead of letting it flow to the real economy, according to Bloomberg. The country’s …
Tagged By finance
China’s debt cataclysm reaches American shores
In China, real estate firms on the brink of bankruptcy are seeing their debt problems spill over to their United States developments.
China launches discipline probe into 3 more Henan officials as fallout from banking scam continues
Officials from local branches of the China Banking and Insurance Regulatory Commission and central bank under investigation Henan and Anhui will start a third round of repayments on Monday to …
China targets $148 bln in financing for cash-strapped developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as Beijing tries to revive the debt-stricken …
China’s Xi Jinping warns Biden not to ‘play with fire’ over Taiwan
Chinese President Xi Jinping warned U.S. President Joe Biden against interfering in Taiwan in a call that took place amid soaring tensions over a possible trip to the self-governing island by House …
China Quietly Abandons 2022 Growth Target
Shares in mainland China and Hong Kong sink as the Beijing leadership walks away from growth of ‘around 5.5%’ for this year.
Gloom Returns to China Stocks With Worst Monthly Loss in a Year
Chinese stocks plunged Friday to cap a brutal month which marked the return of almost all the worries that have spooked investors for much of the past one year.Most Read from BloombergRockstar Games …
China extends tax exemption for electric cars, state media says
BEIJING (Reuters) – China will extend an exemption of purchase taxes on “new energy” vehicles as part of the measures to boost domestic consumption, state media said on Friday, following a cabinet …
China to launch pilot scheme for retirement savings as population ages
SHANGHAI: China will kick off a pilot scheme for long-term retirement deposits in November, part of efforts to meet rising demand for pension products from an ageing population, the government said on …
China Probes Officials, Repays More Depositors in Henan Bank Scandal
Authorities scrambling to contain the damage from a rural banking scandal in central China’s Henan province said on Friday that more depositors will be repaid, while three regulators were put under …
China probes officials, repays depositors in bank scam
Authorities in Anhui province’s Bengbu city issued a similar statement, saying they will start repaying clients at a bank there from the same date. Separately, the China Banking and Insurance …
China Mulls Seizing Builders’ Idle Land to Fund Frozen Projects
China is considering a plan to seize undeveloped land from distressed real estate companies, using it to help finance the completion of stalled housing projects that have sparked mortgage boycotts …
China’s Henan, Anhui provinces to make more repayments to rural bank scandal victims
BEIJING, July 29 (Reuters) – Financial authorities in China’s central Henan and eastern Anhui provinces … a new report from researcher Morningstar Inc, showed on Thursday. Finance Ex-JPMorgan …