China has replaced Defense Minister Gen. Li Shangfu, who has been out of public view for almost two months, state media reported Tuesday. No further information was given.
Tagged By financials
China conducts central bank bills swap Wednesday
BEIJING — The People’s Bank of China, China’s central bank, conducted a central bank bills swap (CBS) operation on Wednesday to improve the liquidity of perpetual bonds. The three-month CBS, valued …
China’s ‘One Card’ System: A Game-changer for Healthcare Financing
In the quest to enhance China’s healthcare financing, a pivotal system adjustment is on the horizon. The two-phase ‘One card’ system, specifically designed to expedite the disbursement of funds to …
China’s new bonds to help economic recovery, official says, as budget deficit rises
China’s new sovereign bonds will help bolster the economic recovery, China’s vice finance minister Zhu Zhongming said on Wednesday, as the government’s stepped-up fiscal stimulus sharply raises its …
Why China’s 1 trillion yuan debt plan isn’t necessarily such a big deal
“With the new finance minister and PBoC governor in place, fiscal policy execution will likely become more effective ahead, and fiscal-monetary policy coordination could also improve,” Xiangrong Yu, …
China’s measures to shore up a shaky economic recovery
China has rolled out a slew of policy measures in recent months to revive a stumbling economy after its post-pandemic recovery fell away quickly.
China now removes Finance, Science and Technology ministers
China has now sacked its Finance and Science and Technology ministers after the country sacked its Defence Minister, who was not seen in public for nearly two months.
Wall Street, global financial institutions upgrade China’s 2023 economic forecasts
Global financial institutions, including JP Morgan, Citigroup and UBS, raised their 2023 growth forecasts for China after the country’s economy expanded at a …
Stocks lifted by China spending plan, oil down on Israel hope
Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes Israel will scale back its plans for a Gaza …
China Shuffles Cabinet In Mysterious Moves As Defence Minister Sacked, Finance Minister Replaced
China Sacks ‘Missing’ Defence Minister General Li Shangfu, No Successor Named: State Media ( Image Source : china defence ministry ) …
Decoding China’s Economic Narrative
The tale behind China’s recent economic picture is a compelling one, filled with undertones of uncertainty, looming challenges, and a narrative of potential decline. Yet, a closer examination of the …
What Does The Shanghai/China Court Ruling Really Mean For Bitcoin?
A Shanghai court seemed to validate bitcoin as a unique digital currency, but deeper analysis shows a more nuanced story …
China signals more support for struggling local governments
The central government formalized a process for local governments to borrow for the year ahead — starting in the preceding fourth quarter, state media said.
