General Motors is investing $100 million to import luxury vehicles in a bid to galvanise slumping sales in China. The carmaker run by Mary Barra wants to tempt wealthy urbanites and outdoorsy …
Tagged By financials
“China’s financial system must ‘adapt accordingly’ amid economic transition”
More financial adjustments will be needed to counter headwinds over the long run as China’s economy faces demographic challenges and a heightened technology rivalry with the West, according to a …
China Overtakes US With $306 Billion Corporate Credit Boom
China has surged ahead of the US for corporate bond deals in its yuan credit market in recent months, a rare shift that highlights the deepening impact of the two countries’ diverging monetary …
China’s Covid Test Providers Are Owed Billions in Unpaid Bills
Testing is a core part of China’s strategy to contain Covid, but companies that provide such services are finding it harder to get paid on time.Most Read from BloombergRussia Privately Warns of Deep …
From the U.S. to China, Major Economies Are Stalling. But Not India.
The Indian government expects growth to exceed 7 percent this year, though that pace may be hard to sustain as the global economy continues to slow.
Soho China’s billionaire founders relinquish top roles to pursue philanthropy after failed bid to sell company
Pan Shiyi and wife Zhang Xin have relinquished their top posts as chairman and CEO respectively of the firm they founded in 1995. The stock has lost as much as two-thirds of its value since…
Russia’s top banks have started lending out yuan and transferring China’s currency outside the SWIFT system
“I don’t think Russia will return to such a situation of the dollar’s influence on the domestic economy,” said Sberbank CEO German Gref.
China’s foreign exchange stockpile slides to lowest since 2018 amid rising U.S. dollar
The value of China’s foreign exchange reserves fell to the lowest since October 2018 in the wake of a smaller trade surplus and exchange rate volatility. China’s FX stockpile stood at $3.055T as of …
China’s yuan continues to fall against the dollar despite Beijing’s aggressive steps to prop up the currency
China’s yuan has dropped all the way to a key psychological milestone that, if exceeded, could mean further decline.
China and India could take advantage of a Russian oil price cap and buy more cheap barrels, US Treasury official says
The US-led price cap efforts are meant to reduce Moscow’s ability to finance its war machine. “Our hope is that countries like China and India will join the price cap coalition,” he said at a…
China’s top lawmaker praises ‘resilience’ of Russia’s sanctions-hit economy
Beijing’s No 3 official, Li Zhanshu, is in Vladivostok to attend the Eastern Economic Forum, the first stop on an 11-day tour The most senior Chinese leader to travel abroad since the pandemic began, …
FTSE 100 Live: China trade figures disappoint, mining shares fall
Stock markets are under pressure after China reported disappointing trade figures today. Asian stock markets fell and Brent crude was below $92 a barrel at one point amid fears over the outlook for …
Xi Jinping calls for China to ‘push for a green, low carbon lifestyle’ amid self-sufficiency drive
President Xi Jinping underscored the importance of a ‘comprehensive saving strategy’ and urged for major resource risks to be addressed as a priority Speech at a meeting Xi chaired on deepening reform …