President Xi Jinping on May 31 hailed bilateral ties in phone call with counterpart Hakainde Hichilema, who is banking on Chinese help for debt relief.
Tagged By finance
Sri Lanka PM Ranil Wickremesinghe open to buying Russian oil, accepting China’s financial help
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said. Prime Minister …
China bites back after US ‘smears’, talks of war in Taiwan
China has accused of the United States and its allies of meddling in the South China Sea and warned that its military will crush any attempt by Taiwan to secure independence.
China to build “gene bank” of ancient ceramics
China will establish a “gene bank” of ancient ceramics in east China’s Jiangxi Province, based on data from nearly 20 million pieces of ceramics specimens accumulated in some 40 years, authorities …
Biden tries to curb China’s growing influence in Latin America: Is it too late?
At the Summit of the Americas, President Joe Biden said private sector investment was key to regain ground in relations with Latin America. But China’s powerful banks and state-owned enterprises have …
China credit rebound masks still subdued consumer borrowing
Aggregate financing was 2.79tn yuan ($417bn), the People’s Bank of China said on Friday, up from 910bn in April. Financial institutions offered 1.89tn yuan of new loans in the month, but more than 60% …
Hong Kong’s finance chief warns against suspected phishing scam after his picture appears in online adverts
Paul Chan files police report over suspected scam involving adverts with pictures of him to lure victims to cryptocurrency trading platform Online articles include purported interviews with Chan …
Why the U.S. should be concerned China is making moves in ‘America’s backyard’
The United States is losing ground to China in the battle for influence in Latin America and the Caribbean (LAC). The People’s Republic of China (PRC) is strengthening its relationships in the region …
COVID woes worsen in China: World Bank cuts COVID growth forecast
Worsening COVID woes in China have impacted its growth forecast. World Bank has decided to slash China’s COVID growth forecast. Meanwhile, Shanghai has reimposed lockdown restrictions amid a surge in …
China’s May new bank loans surge 1.89 trln yuan, much stronger than forecasts
Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as policymakers try to reverse a sharp, …
Chinese bank completes cross-border remittance of Kenyan shilling
A Chinese bank successfully completed the country’s first cross-border remittance and foreign exchange settlement of Kenyan shillings earlier this week, transferring 2.42 million shillings (about 137, …
China new bank loans nearly triple in May as Beijing tightens policy support
Analysts polled by Reuters had predicted new yuan loans would surge to 1.3 trillion yuan in May from 645.4 billion yuan in April and against 1.5 trillion yuan a year earlier.
UPDATE 1-China becoming more ‘coercive and aggressive’ – U.S. defence chief
SINGAPORE, June 11 (Reuters) – The United States will do its part to manage tensions with China and prevent conflict even though Beijing is becoming increasingly aggressive in the Asian region …
