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Chinese leaders raise concerns over challenges faced by economy
Updated : 3 years ago IST
Amid dismal economic run and bleak prospects, several Chinese top leaders have pointed out that the Beijing economy is facing "new difficulties and challenges", The Standard Media reported.
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Wang Yi is China’s new foreign minister, Qin Gang removed
Updated : 3 years ago IST
Following a month-long disappearance, Qin Gang was removed from the post of foreign minister he concurrently held, and China's top legislature has appointed Wang Yi as foreign minister on Tuesday
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China: Central Bank governor warns economic prudence ahead of retirement
Updated : 3 years ago IST
People’s Bank of China (PBOC) Governor, Yi Gang, who is soon expected to step down from the position, has flagged some crucial concerns and also offered advice in a recent article for the Journal of Economic Research.
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China: Jack Ma's Ant Group slapped with nearly 1bn fine
Updated : 3 years ago IST
The Chinese authorities fined Ant and its subsidiaries USD 985 million and ordered the company to shut down its crowdfunding platform for medical costs, Xianghubao
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UBS China suspends funds management project after Credit Suisse deal
Updated : 3 years, 2 months ago IST
The hasty acquisition of Credit Suisse in March hindered UBS's plans to grow its fund management business in China, where corporations are only allowed to hold one majority stake and one minority stake in the industry.
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China's new bank loans tumble more than expected in April: Report
Updated : 3 years, 2 months ago IST
China's new bank loans tumbled more than expected in April from the previous month. The development has further raised concerns regarding the economy's recovery and regulators have called on banks to cap rates offered on some deposits from next week, The Standard reported.
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China turning its anti-corruption fire on bankers: Report
Updated : 3 years, 3 months ago IST
China's top antigraft's grip over corruption has intensified as the country is targeting bankers.
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China: Ex-Everbright chairman under investigation
Updated : 3 years, 3 months ago IST
Li is being investigated by the Communist Party of China, the Central Commission for Discipline Inspection and the National Commission of Supervision.
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Pakistan waiting for China's decision on its request for rollover of loan
Updated : 3 years, 3 months ago IST
Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of imports at a time when it is seeking a $1.1 billion IMF bailout tranche.
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Pakistan wait for nod from Gulf states to unlock IMF loan: Report
Updated : 3 years, 4 months ago IST
All eyes are now on the UAE, Qatar, and the Kingdom of Saudi Arabia (KSA) to save Pakistan's struggling economy
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China assures it will back Sri Lanka's debt restructuring: President on IM
Updated : 3 years, 4 months ago IST
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka's debt restructuring, according to Newswire.
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China approves USD 1.3 billion rollover for cash-strapped Pakistan
Updated : 3 years, 4 months ago IST
Taking to Twitter, Pakistan Finance Minister Ishaq Dar announced, " Formalities completed [and] Chinese Bank, ICBC approved rollover of USD 1.3 billion facilities which has been repaid by Pakistan to ICBC in recent months."
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