According to official data from the Ministry of Finance, China is followed by Japan at 32% and India at 10%. The International Monetary Fund wants an agreement with the creditors to grant the short-te …
Tagged By finance
EXCLUSIVE Allianz in talks with banks for China asset management venture -sources
Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap …
China developer Shimao looks to repay $11.8 billion debt over 3-8 years -sources
HONG KONG (Reuters) -Cash-strapped Chinese developer Shimao Group has proposed a two-class restructuring plan to offshore creditors to repay $11.8 billion over a period of three to eight years, …
China to Waive Some Africa Loans, Offer $10 Billion in IMF Funds
China, the largest government creditor to emerging economies, said it will forgive 23 interest-free loans to 17 African countries and redirect $10 billion of its International Monetary Fund reserves …
China’s Central Bank Prods State Banks to Step Up Lending
China’s central bank called on the biggest state banks for increased lending to support the world’s second-largest economy, which has suffered renewed weakness from Covid-19 lockdowns earlier this …
China can’t ignore the US’ rising interest rates – it is not Japan
Japan, which has been trying to raise the inflation rate for decades, is sticking to an ultra-loose monetary policy in the face of US hawkishness In China, such an approach carries the risk of rising…
China allows Indian students to return for studies after two years of COVID; opens visa application
China on Monday announced plans to issue visas to hundreds of Indian students stranded at home for over two years due to Beijing’s strict COVID restrictions, besides various categories of travel …
Searing Heat to Weigh on China’s Metals Output and Steady Prices
Scorching temperatures across China are likely to suppress metals production and put a floor under prices that would otherwise be suffering from tepid demand.Most Read from BloombergHome Sellers Are S …
China lines up €29bn bailout for country’s construction sector
China will offer 200 billion yuan (€29.3bn) in special loans to ensure stalled housing projects are delivered to buyers, people familiar with the matter said, ramping up financing support for its …
China jails Canadian tycoon for finance crimes
A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 has been sentenced to 13 years in prison for a multibillion-dollar string of financial offenses, and his company was fined $8.1 …
Chinese financial stocks catch a bid after PBOC reduces lending rates again
A number of Chinese financial stocks were in the green in Monday afternoon trading after China’s central bank trimmed its key lending rates just a week after it surprised …
China cuts lending rates again amid economic slowdown
They have cut some of their key lending rates again today, cutting its five-year rate by 15 basis points and one-year by 5 basis points. Now, this coming just one week after a surprise cut…
China’s economy is losing momentum. What is happening and why does it matter for Australia?
Clouds are gathering over the economic powerhouse as Covid lockdowns, a distressed property market and population changes take a toll …
