MYbank is the first online lender to join a group of major financial institutions that have set up online payment services to support broader use of China’s digital currency.
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The World Bank’s biggest supplier country: China’s top 10 contractors
Last year, just over 23% of World Bank-awarded funding went to 136 Chinese organizations. Devex explores the data behind the bank’s biggest supplier country.
China April loans fall more than expected as central bank begins scaling back stimulus
China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales …
China debt: Beijing urged to use ‘window of opportunity’ to tackle leverage following coronavirus recovery
Following its strong economic recovery from the coronavirus pandemic, China has an opportunity to build a more ‘sustainable debt model’, policy advisers in Beijing say.
Fitch Affirms Bank of China (Hong Kong) Limited at ‘A’; Outlook Stable
Fitch Ratings has affirmed Bank of China (Hong Kong) Limited’s (BOCHK) Long-Term Issuer Default Rating (IDR) at ‘A’ …
Why China’s Credit Squeeze Hasn’t Popped Iron Ore’s Bubble
What could take the wind out of the surging price of iron ore? The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in…
China’s central bank says risk of imported inflation controllable
The risk of imported inflation is overall controllable, the People’s Bank of China (PBOC), China’s central bank, said in a quarterly report on monetary policy implementation on Tuesday. China’s …
China Bond Defaults Near 100 Billion Yuan And It’s Only May
Firms so far this year have failed to make payments on 99.8 billion yuan ($15.5 billion) of onshore bonds, according to Bloomberg-compiled data. While 2021 is set to be the fourth straight year the …
China regulators hold meeting discussing property tax
China’s regulators on Tuesday held a meeting on the reform and trial work of property tax, which is widely seen as a powerful tool to curb rampant …
China central bank says to keep monetary policy flexible, targeted
China’s central bank on Tuesday said it would keep prudent monetary policy flexible, targeted and appropriate.
China central bank mulls tools to cut carbon emissions
The People’s Bank of China (PBOC), the central bank, will introduce financial instruments to help cut carbon emissions amid the country’s broader green transition efforts, the PBOC said Tuesday. The …
China population: strong birth rate policy intervention needed to avoid looming crisis, analysts say
China’s overall population rose to 1.412 billion in 2020, but the number of new births fell for a fourth consecutive year to 12 million.
China says its population is still growing, if slowly, in once-a-decade census
The official word from Beijing is that China’s population is still growing — if barely. China released its once-a-decade census results on Tuesday, rejecting whispers that the country may have reached …
