Chinese banks extended 345.9 billion yuan ($47.80 billion) of new yuan loans in July, tumbling from June and falling far short of analysts’ forecasts.Analysts polled by Reuters had expected new loans …
Tagged By financials
China Development Bank issues emergency loans to flood-hit regions
BEIJING – The China Development Bank, one of the country’s policy banks, has issued emergency loans worth 865 million yuan ($120.83 million) to North China’s Beijing, Tianjin and Hebei that were …
China’s Madoff economy could come crashing down — with worldwide effect
Not so long ago, China’s economy was known on Wall Street as the Madoff economy. Like the infamous Bernie Madoff, who fictitiously reported stellar returns each year no matter what really happened to …
China loosens its pandemic-era ban on citizens joining group tours abroad
China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism …
China allocates 1.5 bln yuan to repair damaged water conservancy facilities
BEIJING, Aug. 10 (Xinhua) — China on Thursday earmarked 1.5 billion yuan (about 209.57 million U.S. dollars) for repairs to damaged water conservancy facilities in areas severely affected by Typhoon …
Asian Infrastructure Investment Bank too intertwined with Beijing, former communications head says
Canada has halted activity with the bank, but its former director general of communications says Ottawa should leave the institution …
China’s top graft-buster says it detained hundreds of SOE officials in first half of 2023
Number of state-owned enterprises investigated ‘significantly increased’ from same period last year, CCDI says.
China’s International Economic Strategy: Give Me Your Assets, and You Can Have My Yuan
China may be able to displace the dollar and get the critical minerals it wants, all at once, writes Leslie Lipschitz.
China snaps 2023 debt outflow streak as emerging markets shine in July -IIF
data from the Institute of International Finance (IIF) showed on Thursday. Inflows were less than a third of the $10.6 billion poured into Chinese bonds in December as China geared up to lift nearly …
China posts first debt inflows of 2023 with US$3 billion added in July, but weak economy set to limit sustainability
US$3 billion was added to China’s debt market last month, ending a run of sixth straight months of outflows, the Institute of International Finance (IIF) said, but a rebound is unlikely to be …
Biden limits U.S. investments in Chinese A.I. and chip industry in effort to weaken its military’s access to advanced tech
President Joe Biden is regulating what kind of investments U.S. businesses can make in China in a bid to limit access to high tech equipment by Beijing’s military. Alex Brandon—AP President Joe Biden …
Deflation in China:Why prices are falling and what Beijing can do
China is now clearly dealing with a deflation threat. Consumer and producer prices fell together for the first time since 2020, adding to concerns about the health of the world’s second-largest …
Tesla’s sales in China have tumbled and its slumping economy may not be to blame, Bank of America says
China’s economic slump may not be the reason why demand for Teslas in China are waning – consumers are just flocking to local competitors.
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