He has pushed the World Bank to lend less to China, arguing the world’s second-biggest economy has the financial resources to support itself, and has criticized Beijing for not moving fast enough to o… (…
Tagged By financials
Bank employee used ATM loophole to score $1M in ‘free’ cash
Qisheng, 43, had been working for Huaxia Bank in Beijing when he realized in 2016 that cash withdrawals made around midnight were not recorded, the news outlet reported. So in November of that … (…
China January new bank loans seen surging as PBOC keeps liquidity taps open: Reuters poll
BEIJING (Reuters) – New bank loans in China are expected to have surged to a one-year high in the first month of 2019, a Reuters poll showed, as authorities continued to spur commercial lenders to…
Trump Will Nominate David Malpass as New World Bank Chief, Source Says
He has pushed the World Bank to lend less to China, arguing the Asian nation has the financial resources to support itself, and has criticized Beijing for not moving fast enough to open up its…
China’s inter-bank payment system passes severe test on Lunar New Year’s eve
BEIJING, Feb. 5 — China’s inter-bank payment and settlement system passed a tough test on Lunar New Year’s eve as the Chinese zealously snatched lucky money in virtual red envelopes for good fortune. … (…
Trump will nominate David Malpass as new World Bank chief
He has pushed the World Bank to lend less to China, arguing the Asian nation has the financial resources to support itself, and has criticised Beijing for not moving fast enough to open up its…
Chinese bank techie finds ATM flaw that lets him withdraw $1 million
In a turn of events no lesser than a Hollywood flick, a senior programmer with a Chinese bank managed to dupe the company of $1 million USD over a period of two years. Qin Qinsheng…
Renewed U.S.-China Trade Fears Shake-Up Financial Markets
U.S.-China trade relations dominated the news on Thursday with one White House official tempering the upbeat comments of President Trump and Treasury Secretary Mnuchin and amid reports that the … ( read original story …)
It’s time for China to grow up and leave the World Bank nest
THE WORLD BANK is a multilateral poverty-reduction institution, so it’s no surprise that World Bank loans played a significant role in China’s emergence from what was, before 1979, epic poverty. In 19… ( read original…
Donald Trump’s pick to head the World Bank means US-China rivalry has a new front: development aid
US President Donald Trump and his nominee to lead the World Bank, David Malpass, have an issue with the manner in which the bank and other multilateral development banks do business. Specifically, Mal… ( read…
David Malpass, US nominee for World Bank president and long-time China hawk, ‘will continue to take part in trade talks’
David Malpass, a China hawk who is US President Donald Trump’s nominee to become the World Bank’s new president, will continue to play a “very important part” in trade negotiations with Beijing, senio… ( read…
China trials self-driving bus powered by 5G network to fast-track rollout
Chinese officials say China would like to be ahead of US and other countries to develop 5G telecom network to capture the markets abroad. China is conducting a test run of a self-driving bus, assisted…
China’s inter-bank payment system passes severe test
China’s inter-bank payment and settlement system passed a tough test on Lunar New Year’s eve as the Chinese zealously snatched lucky money in virtual red envelopes for good fortune. Ms. Sun and her hu… (…
