India proposed on Wednesday Rs 5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period’s initial estimates, aiming to add more fighter jets …
Tagged By finance
China’s reopening stirs hopes that South Korea can turn around a record trade deficit
South Korea announced a record trade deficit in January, as exports to China tumbled 31.4 per cent and the value of energy imports jumped amid elevated winter demand and high global prices.
Cambodia Seeks More Loans From Beijing Amid Fears of ‘Debt Trap’
Phnom Penh has downplayed the US warning to many countries against taking on large debts under China’s BRI infrastructure strategy …
Permanent Court of Arbitration throws out Beijing-based company’s case against Ghana
The Permanent Court of Arbitration has, in a final award dated January 30, 2023, dismissed an investor-state arbitration instituted by Beijing Everyway Traffic & Lighting Technical Company Limited …
Is this China’s next economic tsar? Central bank visit by He Lifeng ramps up public profile
Signs are increasingly suggesting that the current chairman of China’s top economic planner will be named vice-premier next month Beijing again puts He Lifeng alongside senior cadres during …
China Has Not Done Enough on Sri Lanka Debt Restructuring – U.S. Diplomat
The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior …
India raises defence budget to $72.6 bln amid tensions with China
India proposed on Wednesday 5.94 trillion rupees ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period’s initial estimates, aiming to add more fighter …
China Focus: China makes progress on reform of state-owned enterprises
Remarkable progress has been made in reforming China’s state-owned enterprises (SOEs), with major tasks in a three-year action plan all now completed, involving about 80,000 enterprises. The action …
Russia mulls turning to Islamic banking over closure of Western financial markets
Senior expert of Russian Association of Experts in Islamic Finance says ‘time to forget’ about Western financial system and concentrate on alternatives …
China completes all major tasks from three-year action plan
PHOTO/XINHUA] China has completed all the major tasks of its three-year action plan for the reform of State-owned enterprise …
China Wants the World Bank to Offer Debt Relief to Zambia
China wants multilateral development banks to offer debt relief to Zambia, something the World Bank has explicitly rejected and which will further complicate efforts to restructure the country’s …
Covid hits China’s rural poor: ‘The impact on the village economy is huge’
Economic anxiety trumps fear of the virus for many in the countryside, as urban-rural income gap continues to widen …
Li stresses key role of finance in economy
Premier Li Keqiang has called for the financial system to keep bolstering its level of services to the real economy and beef up its support for efforts to expand domestic demand and optimize the …
