China handed down five big goals for incoming Chief Executive John Lee’s government to meet, as Beijing seeks to cement greater control over the Asian financial hub. Most Read from BloombergPutin Gets …
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China has ‘doubled down’ on its support for Russia, says research organization
Robert Daly of the Kissinger Institute on China and the United States explains why China and Russia have been getting closer to each other since 2001. Like us on Facebook to see similar stories Please…
China: Bank Loan Prime Rate Unchanged Despite Economic Challenges
Slow recovery without interest rate cut China’s banks did not cut the one-year and five-year lending concession rates (LPR) today, even though th …
Marcos To Tap China’s Assistance For Economic Recovery
In the clearest indication yet of his preference for maintaining warm relations with Beijing, President-elect Ferdinand Marcos Jr has described C …
China Keeps Benchmark Lending Rates Unchanged as Expected in June
SHANGHAI (Reuters) – China kept its benchmark lending rates … featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more.
Asia-Pacific stocks set for lower open; China’s latest benchmark lending rate ahead
Futures pointed to a lower open for Asia-Pacific stocks. China’s latest one-year and five-year loan prime rates are set to be announced on Monday. Investors will also monitor Alibaba shares in Hong …
Beijing approves Hong Kong Chief Executive-designate John Lee’s cabinet line-up, praises it as team of professionals with commitment and international vision
Mainland China’s State Council has given the greenlight to John Lee Ka-chiu’s choice of key officials in cabinet Long-time bureaucrat Eric Chan becomes chief secretary, Financial Secretary Paul Chan …
China’s rough 2nd quarter, rebound in 3rd quarter — amid US-Sino crossroads
Return to growth and normalization In April, analysts in Asia expected China’s real GDP (gross domestic product) growth to fall from the expected 5 to 5.5- percent range to about 4.8 percent year on …
Yellen says some China tariffs inherited from Trump ‘make no strategic sense’
U.S. Treasury Secretary Janet Yellen said some tariffs on China inherited from the administration of former … Reuters provides business, financial, national and international news to professionals …
Fiscal Self-Sufficiency of China’s Local Gov’ts to Drop This Year as Revenues Stall
A gauge of Chinese local governments’ financial independence is expected to fall below 50 percent this year as revenue growth slows. The fiscal self-sufficiency rate, which is the ratio of a local …
China urges IMF to approve US$1.4 billion Zambia bailout, but told it must reach deal with other lenders
China has urged the International Monetary Fund to approve a US$1.4 billion bailout for Zambia but the fund responded by telling Beijing and other official creditors they must first agree a relief …
Chinese President reviews report on reforms in financial institutions
Chinese President Xi Jinping presided over a meeting of the Political Bureau of the CPC Central Committee to review a report on the rectification of problems di …
Biden deciding on China tariffs, says he will speak with Xi soon
President Joe Biden said on Saturday he was in the process of making up his mind on easing U.S. tariffs on China and planned to speak with Chinese President Xi Jinping soon.