Allegations of financing fraud at aluminium warehouses in China have dredged up memories of the 2014 Qingdao scandal, prompting calls for stronger efforts to tackle double financing and warehouse …
Tagged By finance
China stocks lead gains in Asia-Pacific following release of better-than-expected Chinese economic data
Shares in China led gains regionally in mixed Asia-Pacific trading on Wednesday. China’s retail sales in May fell 6.7% year-on-year, better than the expected 7.1% fall predicted by analysts in a …
China Covid pass system allegedly used to block protest
Authorities in central China allegedly used the country’s powerful Covid tracking system to stop an anticipated protest, state media reported, sparking furious condemnation online on Wednesday.
China’s economic recovery gains traction in May
China’s economy has gradually overcome the negative impact of the epidemic, with main indicators showing marginal improvement in May, Fu Linghui, spokesperson for the National Bureau of Statistics, …
Baidu in talks to sell majority stake in China’s answer to Netflix: Report
China’s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China’s answer to Netflix, in a deal that could value all of iQIYI at about $7 billion,…
China: After banking protests, Covid app ‘restricts’ residents from accessing public transport or buildings
Customers of four banks in Henan have been holding rare protests for the past few weeks. According to the China Banking and Insurance Regulatory Commission, the major shareholder of village banks, a …
World Bank: Chinese economy to grow 4.3%
BEIJING: The World Bank has sharply slashed its annual growth forecast for China, warning in a report last week that Covid-19 disruptions could further slow recovery in the world’s second-largest …
China shares touch 3-month highs on recovery hopes
China stocks rose to new three-month highs on Wednesday, lifted by strong inflows as investors expect further policy support to fuel a growth rebound, while gains in financial and property firms …
China retail sales slide as lockdowns hit world’s biggest consumer market
We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. China’s retail sales declined for a third consecutive month in May as lockdowns and mass …
China’s US$20 trillion asset management industry to embrace more diverse products amid revamp, think tank says
Industry’s ability to satisfy residents’ need for diverse allocations is relatively weak, China Wealth Management 50 Forum says The industry needs further development of new categories such as …
‘China’s financial, public commitment helped turn tide on air pollution’
Air pollution levels in India have continued to increase, according to the Energy Policy Institute at the University of Chicago (EPIC)’s Air Quality Life Index (AQLI) released on Tuesday …
Does geopolitics heighten risks of an East-West divide in the financial industry?
HSBC’s potential Asia split may signal that decoupling between the West and China is growing. The ongoing geopolitical tensions–both in Ukraine and in Taiwan–and sanctions imposed due to these issues …
Trump and China
Neither China nor the United States would benefit from a trade war, an arms race, or a military confrontation. So Washington should stick to its cautious, balanced approach — while also showing that …
