China’s foreign exchange (forex) market recorded transactions worth 17.14 trillion yuan, equivalent to $2.67 trillion, in April, according to official data released Friday. Specifically, the …
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New Bill Aims to Ban China’s Digital Currency from US App Stores
The senators behind the bill warned of the alleged financial and surveillance risks … “We can’t give China that chance—the United States should reject China’s attempt to undermine …
With focus on economy, China underlines stabilising force of GDP growth
Premier Li Keqiang’s instruction to ‘exhaust all measures’ to stabilise economic growth contrasts with previous emphasis on quality over speed.
China to further open bond market for foreign institutional investors
China said on Friday that it would further facilitate foreign institutional investments in its bond market and coordinate the opening-up of the interbank and exchange bond markets. The country aims to …
BRICS group may soon expand, says China
China, which is the BRICS chair for this year … The BRICS-backed New Development Bank (NDB), based in Shanghai, has already inducted new members, with Bangladesh and the UAE joining last year, and …
GOP senators want to ban China’s digital currency from US apps and app stores
Three Republican senators are proposing a law to prohibit app stores from carrying apps that accept payments using China’s digital currency. The “Defending Americans from Authoritarian Digital …
China opens exchange bond markets to overseas investors
China will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows by opening its financial markets, after a record …
Pinduoduo Announces First Quarter 2022 Unaudited Financial Results
PDD), China’s largest agriculture platform, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights Total revenues in the quarter were …
Diokno: China fell short of vow to help finance ‘Build, build, build’
Maraming paraan pero di masyadong naka-deliver although nakapag-donate siya ng some bridges tulad ng magandang bridge sa Binondo at ‘yung ginagawa sa Makati. ‘Yun donation lang `yun pero nakatulong …
China’s no overseas coal pledge: 15 projects cancelled so far, but grey areas remain
New analysis on the impact of China’s pledge to stop building new coal power plants overseas, and suggestions to strengthen it …
Beijing plans to issue new government bonds
(US$13.47 billion) this year, city officials said at a municipal meeting on Wednesday. The new bonds, which include 14.9 billion yuan in general bonds and 75.9 billion yuan in special purpose bonds, …
Beijing Gives Seniors Free Medical Insurance for Vaccination
Beijing is rolling out an insurance plan for vaccine-hesitant seniors, its biggest step yet to get its most vulnerable residents inoculated to a level that will allow China to start pivoting away from …
Investigation after Beijing man dies ‘waiting for Covid-delayed medical care’
The director of an emergency medical centre in Beijing has been suspended after a 32-year-old man reportedly died after waiting for an ambulance delayed because of Covid-related restrictions. The …
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