President Donald Trump on Saturday night continued to refuse to sign into law a massive $900 million coronavirus relief bill. ( read original story …)
Tagged By financials
China Asks Ant to Return to Payments Services Origins
Chinese regulators imposed a series of requirements on Ant Group Co., including that the company returning to its origin of being a payments service provider and reforming lending, insurance and … ( read original story…
China Central Bank Urges Ant Group to Set ‘Rectification’ Plan Swiftly
China’s central bank urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the “rectification” work it needs to … (…
China economy picks up, but risks remain: World Bank
Following a sharp decline in the first quarter of 2020, economic activity in China has normalized faster than expected, aided by an effective pandemic-control strategy, strong policy measures and … ( read original story …)
China extends tariff exemptions for US chemical, oil products
Six US chemical and oil products will not be targeted by additional duties for another year, according to China’s finance ministry. The exemptions were initially introduced after the two countries … ( read original story…
China’s industrial profits grow robustly, seventh straight rise
Profits at China’s industrial firms grew robustly in November for a seventh month of gains, supported by strong industrial production and sales, as manufacturers continue their recovery from the COVID … ( read original story…
Beijing is sending a senior party leader to Nepal as political crisis unfolds
In May this year, when the wrangling within the Nepal Communist Party was at its peak, Chinese Ambassador Hou Yanqi visited the ruling party’s top brass and President Bidya Devi Bhandari.There was a … (…
China’s Industrial Profits Rise 15.5% Year-On-Year in November
The industrial profit data covers large firms with annual revenue of over 20 million yuan from their main operations. China’s economy has seen a strong rebound from the shock of the COVID-19 pandemic, … (…
China set to overtake US and become world’s biggest economy by 2028
The Centre for Economics and Business Research said China’s ‘skilful management’ of coronavirus and hits to Western growth meant its economic performance had improved. ( read original story …)
China wants a say in fintech’s future with new credit ratings license
The shareholding composition of the second license, following the first license in 2018 to Baihang Credit, underscores the financial regulators’ increased scrutiny of consumer credit and online loans, … ( read original story …)
Trump Attacks China in Christmas Tweet as Millions Await Stimulus Update
President tells lawmakers who blocked attempts to increase coronavirus relief package to $2,000 per qualified individual “it wasn’t their fault, it was China.” … ( read original story …)
European Businesses Hopeful Of China-EU Investment Deal
China investment deal by end of the year, the head of the European Chamber of Commerce in China said on Saturday, although Beijing has declined to commit to a deadline. The China-EU Comprehensive … (…
China’s central bank wants a say in fintech’s future as it grants new personal credit ratings license to state venture with internet firms
venture that is 35 per cent owned by Beijing Financial Holdings Group of the municipal government of the Chinese capital city, will be allowed to develop a system to provide personal credit ratings … (…
