China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the …
Tagged By financials
Moscow, Beijing’s financial province
Russia’s “turn to the East” imposed by Western sanctions is transforming the Russian financial sector, both ideologically and practically with effects that will be long-lasting. All decisions on the …
PM Shehbaz says China’s Exim Bank has rolled over $600mn loan
ISLAMABAD: China’s Exim Bank has rolled over a $600-million loan, Prime Minister Shehbaz Sharif said at the launch ceremony of the ‘Youth Sports Initiative’ in Islamabad. Pa …
The Treasurer has met with his counterpart from China at the G20 finance ministers meeting
Jim Chalmers has met with China’s Finance Minister Liu Kun, the first Australian Treasurer in four years to have a meeting with their Chinese counterpart.
Deutsche Bank Cuts China’s 2023 Growth Forecast to 5.3%
(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand and a deterioration in the …
China’s Financial Regulatory Regime Finding Its Feet
Beijing released an official plan to reform Party and state institutions. This document lays out plans to address deficiencies in …
Exclusive-China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources
China’s CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing’s call to bridge income inequality in the financial …
(China Economic Roundtable) Chinese Economy Sees Hard-Won Recovery in H1 amid Global Downturn
China’s economic performance in the first half (H1) of 2023 showed signs of recovery in the face of various challenges, guest speakers told the China …
China Evergrande Posts Losses of $81 Billion Over Two Years
China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading and …
China’s floundering economy is a test for Xi Jinping
They showed that the economy grew by 6.3% in the second quarter compared with a year earlier. That looks impressive. But it was slower than expected. And the figure was flattered by a low base…
Morning Bid: Global market outlook bright but China’s clouds darken
Data on Monday showed that the world’s second largest economy grew at a frail pace in the second quarter while China’s Evergrande Group (3333.HK), the world’s most indebted property developer, said it …
S. Korea’s finance chief meets U.S., Chinese counterparts to discuss economic ties
Finance Minister Choo Kyung-ho held separate talks with U.S. Treasury Secretary Janet Yellen and China’s finance chief, Liu Kun, on Monday in Gandhinagar, India, on the sidelines of the G20 Finance …
Analysis: Will China ever get rich? A new era of much slower growth dawns
Zhu Ning, deputy dean at the Shanghai Advanced Institute of Finance, said improving social welfare could make growth rates of 3-4% more sustainable. Koo said China’s problems are more challenging than …
ADVERTISEMENT
