China is right to say that the World Bank and IMF need to engage in debt relief. Many African debtor countries think the same thing.
Tagged By finance
China’s yuan eases on worries over geopolitical tensions
SHANGHAI, Feb 21 (Reuters) – China’s yuan inched lower against the dollar on Tuesday, under downward pressure from the greenback’s strength in global markets and signs of geopolitical tensions. Before …
US-China standoff hits G-20 effort to revamp poor nations’ debt
One hope for this week’s G-20 meeting is that a new endorsement of the debt framework by China’s finance ministry might provide cover for those bank executives.
U.S. House Panel to Hold Hearing on Policy Toward China
Other witnesses are Daniel Kritenbrink, U.S. Assistant Secretary of State for East Asian and Pacific Affairs; Michael Schiffer, Assistant Administrator of the Bureau for Asia at t …
Democrats rank China well below climate change as top concern, study finds
As President Joe Biden seeks to “pivot” U.S. foreign policy from Europe to Asia, the Democratic Party’s rank and file does not share his priority, according to research.
Expansionary fiscal policy must end, says German finance minister
FILE PHOTO: Free Democratic Party (FDP) leader and German Finance Minister Christian Lindner attends a … German exporters’ hopes of a revival in trade with China after Beijing abruptly dismantled …
China’s central bank issues bills worth 25 bln yuan in Hong Kong
China’s central bank issued bills worth 25 billion yuan (about 3.65 billion U.S. dollars) in the Hong Kong Special Administrative Region on Tuesday. Of the total, central bank bills worth 10 billion …
Profits jump at HSBC as it moves to fend off break up calls from China
HSBCprofits doubled in the last quarter thanks to rising interest rates around the world, allowing it to boost its dividend to the highest for four years. HSBC made profit of $5.2 billion (£4.3bn) in …
BHP Group posts bigger-than-expected drop in first-half profit, flags brightening outlook in China
The global miner said China’s strict zero-COVID-19 policy curtailed economic … continued labour market tightness are expected to impact our cost base into the 2024 financial year,” BHP said in its …
China’s Tianjin revs up foreign trade to fuel growth
At the plant of Tianjin Kaili Carpet Co., Ltd. in north China’s Tianjin Municipality, production lines are running at full throttle as overseas orders pour in. The company’s main product is foldable …
China Likely to See Slowdown in Debt Ratio as Economy Recovers
The newspaper is affiliated with the State Council, China’s cabinet. The ratio could go up further this year, albeit at a slower pace, the article said. The think tank — the National Institution for …
Star banker’s disappearance surprises even China’s state lenders
It is unclear whether Bao’s disappearance marks the escalation of scrutiny on China’s finance industry. Authorities also on Friday abruptly removed the Communist Party chief of the nation’s largest …
Beijing keeps lending rates unchanged
SHANGHAI: China is keeping its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world’s second-largest economy showing more signs of recovery from a …
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