President Xi Jinping tones down focus on China’s growth targets as headwinds mount (SCMP)
2024-09-13
Confidence of US firms in China wanes as record numbers cut investments amid hardships (SCMP)
2024-09-12
China playing it safe with capital, researchers say, as SOEs get hefty payout (SCMP)
2024-09-11
Chinese premier calls for acceleration of FTA negotiation with GCC (Xinhua)
2024-09-11
Chinese Banks’ Cash Flow Plummets After Crackdown on High Deposit Rates (Caixin)
2024-09-11
Chinese banks are under strain as their deposits shrink in the wake of a regulatory crackdown on offering deposit rates higher than regulatory caps. In the first half of the year, many Chinese mainland-listed commercial banks saw a decline in their net cash flow generated from operating activities — a key indicator of lenders’ liquidity — Caixin calculations based on their interim reports show. Among China’s “Big Six” state-owned banks by assets, only Postal Savings Bank of China Co. Ltd. managed to keep the gauge positive — at about 131 billion yuan ($18.4 billion) for the period — with a year-on-year increase. Industrial and Commercial Bank of China Ltd., the largest of the “Big Six,” reported the biggest drop of nearly 1.3 trillion yuan to approximately 27 billion yuan, blaming a decline in client deposits.
Scared by China’s P2P scandal, new wave of young investors are less willing to risk it all (SCMP)
2024-09-10
‘Deflation concerns’ remain as China’s consumer inflation misses expectations (SCMP)
2024-09-09
China’s new ‘negative list’ for foreign investment removes all access restrictions to manufacturing sector (GT)
2024-09-08
China expresses dissatisfaction with Netherlands export control expansion (Xinhua)
2024-09-08
China submits request to Canada for WTO consultation over additional tariffs (GT)
2024-09-06 ^ top ^ |
