Chinese leaders raise concerns over challenges faced by economy

Amid dismal economic run and bleak prospects, several Chinese top leaders have pointed out that the Beijing economy...

China removes Qin Gang as foreign minister, Wang Yi replaces him

Following a month-long disappearance, Qin Gang was removed from the post of foreign minister he concurrently...

China: Central Bank governor warns economic prudence

People’s Bank of China (PBOC) Governor, Yi Gang, who is soon expected to step down from the position, has flagged...

China: Jack Ma's Ant Group slapped with nearly 1bn fine

The Chinese authorities fined Ant and its subsidiaries USD 985 million and ordered the company to shut down its...

UBS China suspends funds management project after Credit Suisse

The hasty acquisition of Credit Suisse in March hindered UBS's plans to grow its fund management business in China,...

China's new bank loans tumble more than expected in April: Report

China's new bank loans tumbled more than expected in April from the previous month. The development has further...

China turning its anti-corruption fire on bankers: Report

China's top antigraft's grip over corruption has intensified as the country is targeting bankers.

China: Ex-Everbright chairman under investigation

Li is being investigated by the Communist Party of China, the Central Commission for Discipline Inspection and the...

Pakistan waiting for China's decision on its request for rollover

Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of...

Pak awaits Gulf states' nod to get IMF loan

All eyes are now on the UAE, Qatar, and the Kingdom of Saudi Arabia (KSA) to save Pakistan's struggling economy

China assures it will back Sri Lanka's debt restructuring: Prez

Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new...

China approves USD 1.3 billion rollover for cash-strapped Pak

Taking to Twitter, Pakistan Finance Minister Ishaq Dar announced, " Formalities completed [and] Chinese Bank, ICBC...