As China’s industrial capacity emerged as a key trade issue, a surge in Chinese bank loans to the sector has often been cited as evidence that Beijing is engaging in a renewed manufacturing push that…
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Global car giants seek tech allies in China’s cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world’s biggest electric car market, where shiny smart screens, assisted driving …
Xi Jinping banking on Hungary and Serbia in face of growing China-Europe tensions
Meeting with Serbian President Aleksandar Vučić expected to be heavy on symbolism as it coincides with 25th anniversary of Nato’s bombing of China’s embassy Hungary offers another ‘safe’ destination …
China Policy Banks Pay Back PBOC at a Record Pace, Turn to Bonds
As the Chinese bond market undergoes a powerful rally, the nation’s so-called policy banks are turning away from the People’s Bank of China as a source of funding and rushing to raise debt instead.
China’s Surging Industrial Loans Are Going to the Wrong Places
As China’s industrial capacity emerged as a key trade issue, a surge in Chinese bank loans to the sector has often been cited as evidence that Beijing is engaging in a renewed manufacturing push that…
China’s Xi in Serbia for talks to boost economic ties
Serbian finance minister Sinisa Mali told state broadcaster RTS that discussions Wednesday would centre on “a great project”. “We are aiming to attract a major investment from China in a very …
China-West divide threatens ‘reversal’ for global economy, IMF official warns
A high-level official with the International Monetary Fund has said if divisions persist between China and the West, the damage that would be done to the global economy would be considerable.
China Offers Cash for Urban Revamp, Testing New Ways to Boost Growth
China will hand out billions of yuan to help cities renovate run-down public buildings and upgrade infrastructure, as policymakers seek ways to inject life into an economy weighed down by a housing …
UBS Raises China GDP Growth Forecast to 4.9% From 4.6% After First Quarter Beat Expectations
according to the chief China economist at the Swiss banking giant. The above expected economic growth and strong export outlook led UBS to upgrade its forecast, Wang Tao, who is also its head of Asia…
US-China economic tightrope: Road to re-globalization
With the Federal Reserve’s latest decision to keep interest rates steady, uncertainty and inflation are themes that continue to ring throughout Wall Street and the world. These were just some of …
Cheer Holding’s Subsidiary Obtained Recognition as Specialized and Innovative Enterprise in Beijing
BEIJING, May 07, 2024 (GLOBE NEWSWIRE) — (NASDAQ: CHR) (“Cheer Holding,” or the “Company”), a technology-driven leading provider of advanced mobile Internet infrastructure and platform services, …
CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter told Reuters. Peer CITIC …
China’s FX reserves decline within controllable range, underpinned by strong economic fundamentals: expert
China’s foreign exchange (forex) reserves totaled $3.201 trillion as of the end of April, down by $44.8 billion, or 1.38 percent, from the end of March, according to data released on Tuesday by the …