Amid erratic US trade policies, Asian governments are looking for alternatives for reserves, payments and settlements, giving the yuan an opening In the aftermath of the 2008 global financial crisis, …
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China rejects criticisms regarding its debt issue
The Foreign Ministry rejected on Tuesday criticisms regarding China’s debt issue related to developing countries, saying that such claims ignore facts and overlook the role of Western commercial …
Tidal wave of debt: Poorest nations struggle as loan repayments to China peak in 2025
“Developing countries are grappling with a tidal wave of debt repayments and interest costs to China,” said Riley Duke, a researcher at the Lowy Institute. “Now, and for the rest of this decade, China …
Hard Time For Chinese Economy? China’s Credit Outlook Stays ‘Negative’ Despite Policy Efforts, Says Moody’s
Moody’s has maintained its ‘negative’ outlook on China’s credit rating, warning that prolonged trade tensions and high tariffs from the United States could undermine the world’s second-largest economy …
Poorest nations face $22bn China debt bill in 2025, risking cuts to vital services
Poorest 75 nations face $22bn in debt repayments to China in 2025, risking cuts to health, education, and climate resilience efforts.
Public outrage as China woman dies outside bank after instructed to make in-person withdrawal
Family claims even after telling bank clerk of her poor health, they insisted she must be present to access funds A bank in China is under scrutiny following the death of a gravely ill elderly…
Chinese woman dies outside bank after being told to make in person withdrawal, sparks outrage
Public outrage follows the tragic death of a woman outside a China bank after being forced to make an in-person withdrawal despite her poor health.
China Turns to Consumers to Boost Growth, but Households Are Wary
Beijing has offered incentives to prod shoppers to spend more, but leader Xi Jinping is reluctant to push a bigger shift away from manufacturing.
China accelerates banking merger efforts to establish global giants
China is ramping up efforts to consolidate its financial industry through mergers to set up “giant” banks and brokerages, reported Financial Times (FT). Approximately one in 20 of China’s rural banks …
China Raises Cross-Border Yuan Use Requirement for Major Banks
China’s central bank asked its major lenders to raise the share of yuan when facilitating cross-border trade, in its latest push for the use of the currency as the world grapples with the onslaught of…
Rethinking China’s renminbi strategy in a fragmenting global economy
In a fragmenting global economy, China’s push to internationalise the renminbi reveals how economic and financial linkages are being selectively reshaped by Beijing in response to growing geopolitical …
China pushes for more bank mergers to make financial sector shockproof
A system with more big banks and brokerages would help “shape China’s financial policies in the long period of economic transitions that lies ahead . . . and can help de-risking the system in the …
China’s central bank cranks up market liquidity to accelerate economic growth
The People’s Bank of China (PBC), the country’s central bank, on Monday continued to inject new liquidity into the financial system through open market operations, as the authorities step up policy …
