Laos faces bankruptcy, but like another crisis-ridden Asian state, Sri Lanka, its future is not in its own hands. That role is played by China, whose aggressive lending has helped to take one country …
Tagged By financials
Confidence in China’s economic stability slips as experts predict annual GDP to grow 3%
In the second quarter of 2022, the country’s economy grew just 0.4 per cent. Even though it is difficult to believe any official figures released by Beijing, such a number still represents the second- …
China bank scandal: Financial official placed under investigation
Beijing: A top Chinese official, who was once responsible for overseeing the banks at the centre of one of China’s biggest financial scandals, has been placed under investigation, media reports said …
China to offer more financial aid to culture, tourism firms
Tourists visit the Baofeng Lake scenic area in Zhangjiajie, central China’s Hunan Province, July 8, 2022. (Photo by Wu Yongbing/Xinhua) BEIJING, July 25 (Xinhua) — China will roll out more financial …
China’s Rural Banking Smash-Up
Problems at China’s small-town banks have been gestating for years, but they are now coming to a head—with unpredictable consequences.
China plans to set up real estate fund worth up to $44 bln -source
China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with…
China to step up support for cultural and tourism recovery – central bank
China’s central bank will guide domestic financial institutions to provide credit services to the cultural and tourism sectors which have been hit hard by the COVID-19 pandemic, it said in a notice on …
“Enough Is Enough”: Rishi Sunak Pledges To Get Tough On China If Elected
Rishi Sunak on Sunday promised to get tough on China if he becomes Britain’s next prime minister, calling the Asian superpower the “number one threat” to domestic and global security.
Sunak and Truss pledge to tackle China ‘long-term threat’ to Britain
Rivals to be prime minister both promise tough stance on Beijing as they prepare to meet in first head to head TV debate …
The real debt trap is not from China, says Integrated Development Studies Institute
The “scrapping” of the China loans for three infrastructure projects was not initiated by China, but by structural constraints. Many critics forget that it is the Philippines that proposed and …
China investigates top official responsible for overseeing banks that imposed a corralito
The China Banking and Insurance Regulatory Commission has announced a disciplinary investigation against the inspector of its office in Henan province Li Huanting following protests over the «corralit …
China launches second Tiangong space station module
China has successfully launched the second of three modules that will eventually make up its Tiangong space station.
Chinese banking scandal: financial official placed under investigation
Banking watchdog says Li Huanting, who was once responsible for overseeing the banks in question, is facing a disciplinary probe The announcement comes two weeks after a protest in Henan province saw …