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Tagged By financials
Comparing How the West and China Offer Loans to Developing Countries
In October 2023, amid celebrations commemorating the 10th anniversary of China’s Belt and Road Initiative (BRI) in Beijing, Pakistan and Chinese …
China greenlights Mastercard JV for bank card clearing operations
Mastercard NUCC Information Technology (Beijing) Co., Ltd, a joint venture of Mastercard and NetsUnion Clearing Corporation (NUCC), could authorize its member institutions to issue “MasterCard” …
China’s financial regulators issue MasterCard bank card clearing license
A reported attempt by Mastercard to form a joint venture (JV) with Chinese online payment clearing house NetsUnion …
China’s bus operators seek new cash routes as subsidies dry up and commuters opt for cars, Didi or underground
Public bus companies have turned to fare increases, charter services and borrowing to stay afloat as local governments cut back on support Middle-class Chinese increasingly prefer to drive or turn to …
China’s Guangdong university student stripped of financial aid after flaunting wealth
A university student in China has had his educational subsidies and financial aid suspended after flaunting several Apple products and concert tickets.
China’s central bank issues clearing licence to MasterCard’s joint venture
BEIJING: China’s central bank said on Sunday (Nov 19) it has granted a clearing licence to a joint venture set up by MasterCard. The joint venture, established in China by MasterCard and NetsUnion …
CN Finance Minister Foresees CN Econ to Maintain Recovery Momentum in 4Q
Lan Fo’an, China’s Minister of Finance, remarked when attending the 30th APEC finance minister meeting that China remains a key driver for the global economic growth. Lan illustrated that the Chinese …
China’s home rental market primed for growth as high interest rates, stuttering economy shift demand from buying to leasing: JLL report
Beyond China, the wider Asia-Pacific region and even the US multifamily segments are primed for growth given the elevated interest rate environment, which has shifted demand from home purchases to …
China’s millions of SMEs and ‘continent-sized economy’ lure US alternative investment manager Ares
The Los Angeles-based asset manager, with US$395 billion in assets under management, expects to see disproportionate growth in China Company sees opportunity in helping real estate developers bridge …
Chinese Scholar Calls On Beijing to Raise Deficit Ratio to 5%
China needs to decisively ramp up fiscal spending so it can support an economy damaged by Western restrictions on trade, according to a Chinese scholar studying an unconventional school of economic …
China’s Economy Had a Growth Spurt. Consumers Remain Worried.
Collins said the economy’s ability to weather a spike in inflation in 2021 and 2022 is one reason she’s optimistic that a sharp rise in the jobless rate can be avoided. The national unemployment rate…
HBL signs MoU with Bank of China on strategic cooperation to enhance regional trade
HBL and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) for Strategic Cooperation at the BOC headquarters in Beijing, China. Liu Jin, vice chairman and president of Bank of China, …
