Nvidia is working on its approach to China, the world’s second-largest economy, as it tries to comply with Biden’s chip export controls …
Tagged By financials
Xi tells China’s corruption hunters to show no mercy in ‘severe and complex’ battle
As the anti-corruption campaign enters its 11th year, the Chinese leader calls for ‘heavier punishments’ and a focus on ‘high-risk’ areas.
China’s Dec New Yuan Loans Seen Higher, Hitting Record in 2023: Reuters Poll
Chinese banks are estimated to have issued 1.40 trillion yuan ($195.55 billion) in net new yuan loans last month, up from 1.09 trillion yuan in November though roughly in line with year-ago levels, …
China’s Dec new yuan loans seen higher, hitting record in 2023
New bank loans in China likely rose in December, bringing 2023 lending to a new record high, a Reuters poll showed, as the central bank keeps policy accommodative to support a shaky economic recovery.
China cuts tariffs on 143 Argentine agricultural and industrial products amid tense bilateral ties
Beijing says wide-ranging reductions applicable to items ranging from sweetcorn to plywood meant to help global and domestic markets.
FirstFT: China detains executive of Evergrande’s electric car unit
Also in today’s newsletter, Boeing and supplier shares tumble and Beijing acts to ease fears of another crackdown on video games …
Dem report on Trump’s financial ties to China puts focus on GOP’s Biden impeachment inquiry
China was one of 20 countries that made a total of $7.8 million in payments to Trump properties, yet Beijing’s $5.5 million marked the largest payout, according to financial documents cited in the …
China seeks to bolster rental housing market amid property slowdown
People’s Bank of China and the National Administration of Financial Regulation prioritise rental unit supplies in large cities to meet the needs of young workers, including increasing credit support …
China’s economic crisis gets WORSE as stocks hit five-year low
China’s post-Covid economic issues are worsening as stocks hit a five-year low today. The onshore equity benchmark has been pushed to its lowest in nearly five years, testing the resolve of investors …
China’s corruption busters shame city boss for wasting US$21 billion on vanity projects that failed and ran up heavy debts
CCTV documentary featuring former Guizhou official who left a city at risk of default suggests that the country’s graft watchdog will target the misuse of public funds this year.
Xi Vows to Deepen China’s Sweeping Anti-Corruption Crackdown
China’s President Xi Jinping pledged to deepen the country’s anti-corruption crackdown, particularly in capital-intensive sectors, and will increase punishment for people who offer bribes.
A Chinese shadow bank is the latest casualty of the country’s real estate crisis, declaring bankruptcy with up to $65 billion in debt
Zhongzhi Enterprise Group is one of China’s largest shadow banks, which are financial institutions that operate outside of traditional banking rules.
China’s top anti-graft body to intensify scrutiny in finance, SOEs, healthcare, and more fields
The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) and the National Commission of Supervision (NCS), the country’s top anti-graft body, has pledged to …
