After decades of incredible growth, China was widely considered poised to overtake the U.S. as the biggest economy in the world, with its GDP surpassing that of America in the coming 10 to 25 years.
Tagged By financials
China’s banking institutions report growth in total assets
China’s banking financial institutions saw an increase in total assets, data from the National Financial Regulatory Administration showed. This was reported by …
China’s central bank conducts 61-bln-yuan reverse repos
BEIJING, Aug. 24 (Xinhua) — China’s central bank conducted 61 billion yuan (about 8.49 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to …
China debt: Beijing warned opportunity costs are rising as it seeks comprehensive solution to local government crisis
Beijing has recognised the urgency of its local-government debt crisis, saying last month that it was necessary to resolve it with ‘a comprehensive solution’ International Monetary Fund said that …
Former Chief of Bank of Beijing Out of Touch as Regulators Probe Dealings
Yan, 70, retired from the top position at Bank of Beijing more than six years ago. With 3.5 trillion yuan ($482 billion) in total assets as of the end of March, the Beijing-based bank is…
China Is Not In Financial Crisis
Could China’s Digital Yuan Challenge U.S. Dollar Dominance?
While the promise of CBDCs is real, the U.S. dollar is unlikely to be toppled from its position as the global reserve currency anytime soon.
China Clarifies How Businesses Should Account for Data Resources
What’s new: China’s Finance Ministry issued new rules applying business accounting standards to data resources as part of the country’s push to expand the digital economy, which accounts for 17% of …
China Construction Bank H1 Profit up 3.36%
BEIJING/SHANGHAI (Reuters) – China Construction Bank Corp (CCB), the first of the country’s Big Five lenders to report half-year results this week, posted a 3.36% rise in first-half net profit on …
‘Contagion!’ China’s property meltdown spreads to ‘shadowy’ bank sparking protests
The Chinese authorities are facing street protests from fearful depositors as the country’s property market meltdown hits the banking sector.
China Should Stick to ‘Houses Are for Living, Not for Speculation’ – State Media
BEIJING (Reuters) – China should adhere to the principle that “houses are for living in, not for speculation” for the time being, the state-run Economic Daily said in an editorial on Wednesday, amid …
Debating The Size Of China’s Economic Rough Patch
as recently as just a few years ago, china was an unstoppable juggernaut. the budding superpower’s economy was growing at supersonic speed. by some …
China’s central bank conducts 301-bln-yuan reverse repos
BEIJING, Aug. 23 (Xinhua) — China’s central bank conducted 301 billion yuan (about 41.81 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Wednesday. The move aims …
