BEIJING – Liu Liange, former Party chief and president of the Bank of China, has been expelled from the Communist Party of China (CPC) over severe violations of discipline and law. His punishment was …
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China Expels Former Bank of China Chairman From Communist Party
SHANGHAI (Reuters) – China’s ruling Communist Party has expelled the former chairman of the state-owned Bank of China from the party, accusing him of illegal activities and taking bribes, the top anti …
China’s forex reserves stand at $3.12t
China’s foreign exchange reserves dropped in the second consecutive month to $3.1151 trillion by the end of September as the US dollar strengthened while global financial markets declined, the State …
US senators led by Majority Leader Schumer making first congressional visit to China since 2019
A delegation of U.S. lawmakers led by Senate Majority Leader Chuck Schumer arrived in China on Saturday in the first congressional visit to the country since 2019. The trip comes amid a sharp …
China’s ‘golden week’ holiday sees consumption boom as pent-up demand takes wing
The National Day and Mid-Autumn Festival holiday period has sparked a flurry of activity, and consumption and tourism have reached multi-year highs. But time will tell whether the boom is sustainable …
Emerging Economies Face China and Rate Pressures as IMF, World Bank Meet
LONDON (Reuters) – Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China’s slowing economy adding layers of uncertainty while the Federal Reserve …
Australia’s Central Bank Sees Risks Mounting in Global Markets, China Property
SYDNEY, Oct 6 (Reuters) – Australia’s economy is well placed to weather strains in global financial markets, though the risks of a “disorderly” slide in asset prices or a slowdown in China were …
Citi believes China’s economy has bottomed out and has boosted forecast
Citigroup Inc. raised its growth forecast for China to 5% this year, as promising data helps build consensus around the nation’s ability to achieve its official government target.
How China is dodging the doom loop
While China’s economy is still struggling, it is at least not getting incrementally worse and there are some pockets of improvement …
China’s greying population is refusing to save for retirement
But now these red envelopes, stuffed with cash, are part of a push by China’s banks to get citizens thinking about retirement. They are being offered to customers who register for private-pension …
Asia’s edge isn’t just cheap labor, whether it’s China, India or Japan, KKR says
That investment conclusion comes after a trip to the region by New York-based Henry H. McVey, KKR’s head of global macro and asset allocation.
Goldman Sachs: China’s Demand For Oil And Copper Is Booming
Worries about the waning strength of China’s economy have been weighing heavily on many commodity and financial sectors in the current year. Economic pundits have warned that China’s rapid growth …
US should link China’s power in IMF to support for debt relief- former US official
U.S. officials have said China is unwilling to accept losses on loans unless private … which is helping countries finance growth paths and in a way that’s sustainable,” Lee said. “If a country is ..
