Visa and Mastercard , which bet on China to boost travel spending, have had to contend with a disappointing first half of the year as post-COVID momentum in the world’s second-biggest economy loses steam.
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Could economic indicators signal China’s intent to go to war?
But before troops begin to muster, other actions, of an economic and financial nature, might signal China’s intent. The Soviet Union mistook ordinary activities, such as blood drives, for possible indicators of war.
China roles over principal amount of $2.4b loan for two years: Dar
Finance Minister Ishaq Dar has said that China has rolled over the principal amount of 2.4 billion dollars loan for two years. In a tweet on Thursday, he said that Pakistan will make interest payments…
In Xi Jinping’s China, central planners rule
T he problem with central planners is not that they make mistakes. After all, everyone is fallible: even (oh, the shame of it) newspaper columnists. The trouble with technocrats is how they respond when plans…
Microsoft must be held responsible for China’s U.S. government email hack, Senator Wyden demands
Chinese hackers accessed the Microsoft-powered email accounts of top China envoys, Commerce Secretary Gina Raimondo, and Secretary of State Antony Blinken.
Taxonomy for sustainable finance
MACAU, China – The tourism industry in this city and special administrative … Another way is to establish and implement credible frameworks such as taxonomies for sustainable finance, as advocated by Commissioner Kelvin Lester K.…
With US interest rates at a 22-year high, how will Beijing’s new central bank chief counter the toll on China?
US Federal Reserve lifted interest rates to the highest level in 22 years on Wednesday, posing a challenge to China’s newly appointed central bank governor, Pan Gongsheng.
China Rolls Over $2.4 billion Loan for Islamabad for 2 Years
In a post on the X platform, formerly known as Twitter, Ishaq Dar said the Chinese EXIM Bank rolled over for two years the “principal amounts” of the $2.4 billion loan, which Islamabad was to…
Beijing Pledges Credit Support to Spur Consumption
China’s top financial regulator vowed to urge banking and insurance institutions to boost credit to shore up the country’s sluggish consumption.
China Asks Banks to Bankroll Tech in Latest Private Sector Boost
China’s central bank called on the financial sector to help fund technology research and M&A deals, the latest in a string of promises to revive a private sector devastated by a two-year regulatory …
Chinese finance ministry to issue RMB sovereign bonds worth 1.68 bln USD in Hong Kong
HONG KONG, July 27 (Xinhua) — China’s finance ministry will issue renminbi (RMB) sovereign bonds through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA), with a total issuance size of 12 billion…
Agricultural Bank of China, Other Chinese Lenders Deny Rumors of Mortgage Rate Cuts
(Yicai Global) July 27 — Agricultural Bank of China and other Chinese banks have refuted rumors that they are reducing the rates on existing home loans, despite a recommendation to do so by the country’s…
China’s Small Loan Industry Continues to Shrink in First Half
As of the end of the second quarter, 5,688 small lenders had an outstanding loan balance of CNY827 billion (USD116 billion), down 113 and CNY45.2 billion, respectively, from the end of the first quarter, the…
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