Details have been revealed of more than 100 more cases of young women college students in China who were forced to hand over naked selfies to ensure they would pay money back to loan sharks.…
Tagged By financials
China listed banks to see bad loans edging up: report
The average non-performing loans (NPL) rate of Chinese listed banks is forecasted to rise to about 1.8 percent by 2017, up from the forecasted 1.7 percent by the end 2016, Bank of China said in…
China factory prices rise, fanning fears interest rates will increase
… A higher reading in the producer price index than the index for consumer inflation creates a dilemma for China’s central bank. Maintaining low interest rates will discourage investors from keeping holdings in yuan, with…
China economy reflating as producer prices rise at fastest pace in five years
China’s central bank has not cut interest rates since October 2015, when worries about deflation were more pressing, opting instead for regular injections of funds into the financial system and targeted infusions of cash into…
China finance chief exit derails Japan hopes for yuan deal
BEIJING — When China’s reformist Finance Minister Lou Jiwei stepped down in November, Japan found its hopes of rekindling bilateral currency cooperation on rough terrain. The Chinese Ministry of Finance was thrown into confusion Nov.…
China November trade rises unexpectedly in sign of global pick-up but Trump clouds 2017
BEIJING (Reuters) – China’s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting…
China considers easing foreign investment limits
Shanghai (AFP) – China has indicated it could relax restrictions on foreign investment in some sectors as it struggles to counter an overseas exodus of capital, while facing accusations of protectionism from US President-elect Donald…
China pledges to increase openness with foreign investment rules
BEIJING (Reuters) – China moved towards opening up markets such as railway equipment and vehicle batteries on Wednesday with the publication of draft foreign investment guidelines which it said would “increase openness to the outside…
China’s Credit Binge Has Driven Its Banks to Hide $2 Trillion in Loans
With China’s latest economic growth recently being driven by unprecedented levels of debt, that debt is gaining increased attention. Two years ago the focus turned to shadow banking, the non-bank financing that included runaway wealth…
China Nov forex reserves fall more than expected to lowest in nearly six years
Last month’s drop in reserves was the largest since January, when a sharp fall in the yuan and worries about China’s slowing economy raised fears that Beijing could devalue its currency for a second year…
HSBC launches its first credit cards in China
HSBC will begin issuing credit cards in China on Monday, the first time that the bank has done so in its own right, marking the latest stage in its expansion in the Pearl River Delta…
WWE Chief Financial Officer Lays Out Timeline for Continued China Expansion
WWE chief strategy and financial officer George Barrios laid out the professional wrestling company’s timeline for their ongoing China expansion. “As far as where do we have more to do, [it] is China and some…
Daimler may make electric cars in China to boost sales
STUTTGART (Reuters) – Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.…
