New yuan loans surged 14.7 percent to CNY15.73 trillion (USD2.19 trillion) in the six months ended June 30 from a year earlier, the official noted, adding that the balance of insurance fund …
Tagged By finance
China has rolled over $2.4b loans for two years: Dar
Finance Minister Ishaq Dar said on Thursday that China’s Export-Import (Exim) Bank rolled over $2.4 billion in loan payments for the next two years.’Chinese EXIM Bank has rolled over for 2 years …
Chinese finance ministry to issue RMB sovereign bonds worth $1.68b in Hong Kong
HONG KONG – China’s finance ministry will issue renminbi (RMB) sovereign bonds through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA), with a total issuance size of 12 billion yuan ($1.68 billion)…
Car buyers less satisfied with auto finance companies, says report
The report shows that customer satisfaction with auto finance companies stood at 775 out of a 1,000-point scale, two points lower than that of banks. The findings were based on a study of 12,722 new…
Russia-Ukraine war live: China’s economic support for Putin growing, says US; drone downed over Moscow
China helping Russia evade sanctions, US intelligence reports; no damage or casualties from drone, says Russian defence ministry
Hunter Biden admits to judge he made money from China, contradicting dad’s claims
Hunter Biden admitted to a federal judge that he received hundreds of thousands of dollars from a Chinese Communist Party-backed company — contradicting President Biden’s claims that his family …
Analysis: White-collar wage cuts in China fuel deflation risks, hurt consumption
Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less make-up and has cancelled her child’s summer swimming classes.
US intelligence report says China likely supplying tech for Russian military
China is helping Russia evade Western sanctions and likely providing Moscow with military and dual-use technology for use in Ukraine, according to an unclassified U.S. intelligence report released on Thursday.
US card companies’ wager on China travel boost hit by economic gloom
Visa and Mastercard , which bet on China to boost travel spending, have had to contend with a disappointing first half of the year as post-COVID momentum in the world’s second-biggest economy loses steam.
Could economic indicators signal China’s intent to go to war?
But before troops begin to muster, other actions, of an economic and financial nature, might signal China’s intent. The Soviet Union mistook ordinary activities, such as blood drives, for possible indicators of war.
China roles over principal amount of $2.4b loan for two years: Dar
Finance Minister Ishaq Dar has said that China has rolled over the principal amount of 2.4 billion dollars loan for two years. In a tweet on Thursday, he said that Pakistan will make interest payments…
In Xi Jinping’s China, central planners rule
T he problem with central planners is not that they make mistakes. After all, everyone is fallible: even (oh, the shame of it) newspaper columnists. The trouble with technocrats is how they respond when plans…
Microsoft must be held responsible for China’s U.S. government email hack, Senator Wyden demands
Chinese hackers accessed the Microsoft-powered email accounts of top China envoys, Commerce Secretary Gina Raimondo, and Secretary of State Antony Blinken.
