For that, economists agreed, China would need to liberalize its financial sector and relax the hand of the state on private enterprise. Early in his tenure, Xi seemed to accept these imperatives. In …
Tagged By financials
Bank of China opens branch in Saudi Arabia
BEIJING (APP) – Bank of China (BOC), one of four biggest state-owned commercial banks, has opened its first branch in Riyadh, the capital of Saudi Arabia, which will further expand the use of the yuan…
China: Rising Debt, Lower Growth and Financial Imbalances Test Shift to Consumption-led Economy
The risk of policy mistakes has increased as China’s authorities try to tackle financial imbalances, including high local government debt, while shifting towards a consumption-led growth model.
Apple Tumbles, Drags Wall Street Lower as Fears Grow Over China IPhone Curbs
Apple suppliers and companies with large China exposure including Broadcom, Qualcomm and Texas Instruments fell between 1.2% and 2.8%. The iPhone maker’s drop also pulled down the three main U.S.
China names veteran economic planner Yang Yinkai to Communist Party’s top financial policy body
Government website confirms Yang Yinkai is now deputy head of the powerful Central Financial and Economic Affairs Commission’s general office, where he will work under Vice-Premier He Lifeng, his …
China Bans Government Officials from Bringing iPhones and Imported Devices to Work
Follow Financial World on MSN to see more of our exclusive content. US National Security Alert: Huawei’s Mate 60 Pro Chip Raises Eyebrows Amid Sanctions Europe Moves Towards Ensuring Independence from …
Here are 7 ways investors can be greedy while others are fearful as China’s potential property crisis unfolds, according to UBS
China’s economic slowdown and property crisis shouldn’t scare away investors. UBS shared the seven best investments to make in Chinese markets now.
Beijing Review: Diversity spurs dialogue
BEIJING, Sept. 7, 2023 /PRNewswire/ — Was die Nationen als Nationen getan haben, haben sie für die menschliche Gesellschaft getan. That’s German for “What nations have done as nations, they have done …
China’s ICBC and Agricultural Bank of China to lower rates for existing first-home mortgages
BEIJING, Sept 7 (Reuters) – Two of China’s major state banks said they will start to lower the interest rates on existing mortgages for first-home loans, according to statements released by the banks …
Investors’ China aversion is bad for everyone
MUMBAI, Sept 7 (Reuters Breakingviews) – China is no longer the hottest global trade. It’s only five years since the People’s Republic reached a milestone in its financial opening to the world when …
Marketmind: Brittle markets brace for China trade blues
Asian markets are set to open on the defensive on Thursday, with investors anticipating another slump in Chinese trade activity against a backdrop of rising U.S. bonds yields, new 2023 highs in oil …
China Establishes $41 Billion Fund to Boost Fab Tool Makers
China is gearing up to establish yet another investment fund to finance the development of its domestic semiconductor industry, according to Reuters. The new fund will have $40 billion to invest in …
China against clubbing of climate resilience clause as part of G20 sovereign debt restructuring package
China is opposed to clubbing of the climate resilient clause as part of sovereign debt restructuring of three vulnerable nations — Zambia, Ghana and Ethiopia– proposed by G20 Finance Track, sources …
