President William Ruto is set to fly out to Beijing on Sunday evening for China for the ninth Forum on China-Africa Cooperation (FOCAC). Ruto is among other heads of state who will attend the …
Tagged By financials
African leaders in Beijing eyeing big loans and more investment
African leaders descend on China’s capital this week, seeking funds for big-ticket infrastructure projects as they eye mounting great power competition over resources …
African leaders in Beijing eyeing big loans and investment
African leaders descend on China’s capital this week, seeking funds for big-ticket infrastructure projects as they eye mounting great power competition over resources and influence on the continent. – …
China’s state-owned banks face thinner margins amid Beijing’s call to support economy
At a time when the country faces unprecedented challenges, these state-owned banking giants show their importance as the economy’s lifeline.
Temu’s woes are fresh signs of the doom loop headed for China’s economy
“As a result, the Chinese economy runs the risk of getting caught in a doom loop of falling prices, insolvency, factory closures, and, ultimately, job losses.” …
Can China’s yuan, now a familiar face around the world, become a must-have currency?
China’s yuan has become more acceptable to foreign countries, but authorities still maintain tight control of fund flows under its capital account.
China approves 117 video games in August, the most in 2024, amid Black Myth: Wukong mania
Alibaba owns the South China Morning Post. Other major video gaming firms whose new titles also made the cut in August include Perfect World and Yoozoo Games. Multiple titles submitted by state-owned …
China’s Giving Mixed Signals on Its Economy. That’s a Problem.
China has created a floor under currency and bond yields while also cutting rates. The measures add confusion about policy as the world’s second-largest economy sputters.
Silicon Valley Bank’s Chinese Partner Buys Out Stake in Joint Venture
BEIJING (Reuters) – Silicon Valley Bank’s Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, …
China’s central bank makes net government bond purchase in August
China central bank announced on Friday that it conducted open market government bond transactions in August resulting in a net purchase of bonds with …
China’s weak factory PMI raises pressure for consumer stimulus
BEIJING (Reuters) -China’s manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders, an official survey showed on Saturday, pressuring …
‘We also acquire leverage against China’: 16th Finance Commission head Arvind Panagariya makes strong case for allowing Chinese investments
Panagariya, talking about India’s economic output, dismissed fears of India falling into a middle-income trap, predicting that the country could sustain growth rates of over 7% if it avoids past economic mistakes.
Move over Beijing, Mumbai is the new capital of Asian billionaires: Hurun India Rich List 2024
India’s financial lifeline Mumbai has beaten China’s Beijing to become the billionaire capital of Asia, according to the Hurun India Rich List 2024.
