Bank of China, the fourth largest bank in China, has begun to increasingly block yuan transactions from countries that Russia uses to procure goods. Source: RBC with reference to business ...
The combined turnover of China's Shanghai and Shenzhen stock exchanges exceeded 2 trillion yuan ($276.96 billion) on Wednesday, marking the 31st consecutive trading day that the two bourses saw ...
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China has built a land-based prototype nuclear reactor for a large surface warship, in the clearest sign yet Beijing is advancing toward producing the country’s first nuclear-powered aircraft ...
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
As content focused on women is becoming increasingly popular in China, it is also drawing flack from men—and causing headaches for Chinese companies. Last month, e-commerce giant JD.com cut ties ...
Analysts believe China may need substantial, multi-trillion-yuan initiatives to reinvigorate growth in the world’s second-largest economy, which has yet to recover fully from the COVID-19 pandemic.
Hong Kong CNN — China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus ...
Swapping hidden for official debt is expected to save 600 billion yuan in interest for local governments over five years. Carlos Casanova, Asia senior economist at UBP, estimated China needed a ...
HONG KONG—China’s top legislative body approved a $1.4 trillion package to help local governments swap some of their mounting off-balance-sheet debts. But lawmakers disappointed many investors ...