China’s zero-Covid policies and its post-pandemic recovery efforts have strained finances at local levels, pushing debt to an all-time high this year – twice what it was in 2017 – with little help …
Tagged By finance
China defends trade with Russia after US warnings
The Chinese government defended its dealings with Russia as “normal economic and trade cooperation” Friday after a U.S. intelligence report said Beijing possibly provided equipment used in Ukraine …
WeChat: Why does Elon Musk want X to emulate China’s everything-app?
Musk is an admirer of Chinese mega-app WeChat, which combines messaging, social media, finances, dating, and more.
China and France vow to enhance mutually beneficial economic and financial cooperation between two countries: Ministry of Finance
VCG. China and France reiterated their joint approach to multilateral and global issues on Saturday, as established during French President Emmanuel Macron’s vi …
How China’s Marriage Slump and Unstable Housing Market Are Taking a Toll on the Economy
The number of marriages in China has plummeted over the past 10 years, due to a range of economic and social factors.
China’s Marriage Slump and Its Shaky Housing Market Are Taking a Toll on the Economy
The number of marriages in China has plummeted over the past 10 years, due to a range of economic and social factors.
China’s Small Loans Sector Shrinks Further in First Half
As of the end of the second quarter, 5,688 small lenders had extended CNY827 billion (USD116 billion) of loans, down 113 and CNY45.2 billion from the end of the first quarter, the data also showed.…
Why China’s new central bank chief will defy the easy tags
CHINA’S new monetary boss, Pan Gongsheng, barely has his feet under the desk and he is likened to a hawk. In time, that label may prove wide of the mark. Beijing needs to juice the…
China’s Central Bank Chief is Task Master Xi Couldn’t Let Retire
By his early twenties, Pan Gongsheng’s ambition had already propelled him from a farming village in eastern China to a prestigious Beijing graduate school, where he translated books from English — …
China Is About to “Flood the Zone” with Cash – Here’s How to Profit
The growing consensus is that China is about to engage in – you guessed it – more easing. It plans to cut interest rates and increase the issuance of infrastructure bonds with an eye toward…
Bank of America CEO says China is ‘one of the great risks’ to the economy
Bank of American Chairman and CEO exclusively tells FOX Business that China’s “big, growing” banks and economy is one of the U.S. economy’s biggest threats.
China’s anti-corruption body expels former finance official from Communist Party for magnifying hidden-debt risks, trashing ecosystem
Jiao Xiaoping, once in charge of managing investment with the private sector, magnified hidden-desk risks, engaged in nepotism, accepted gifts, ran businesses on the side, and failed to protect the ecosystem of the Qin Mountains.
China issues local government bonds worth 830.2 bln yuan in June
BEIJING, July 28 (Xinhua) — The value of China’s local government bond issuance stood at 830.2 billion yuan (about 116.38 billion U.S. dollars) in June, according to the Ministry of Finance.
