Thursday, January 28, 2021
Tags China debt

Tag: China debt

China Announces Suspension of Debt Repayments for 77 Developing Nations due to COVID-19

The Chinese government has announced that it will temporarily suspend repayments for debt owed to it by at least 77 developing economies...

China’s Policy Banks Account for 77% of Resource-backed Lending to Latin America and Africa

Data from Washington-based non-governmental organisation the Natural Resource Governance Institute (NRGI) indicates that China's policy banks accounted for the vast majority of...

Tianjin Government Company Defaults on USD$79mn in Trust Loans

A state-owned real estate company in Tianjin municipality has defaulted on two trust loans with a total value of 500 million yuan (USD$78.69 million),...

State-owned Enterprises Banned From Financing Chinese Local Government

China's Ministry of Finance has put the kibosh on state-owned finance enterprises providing financing to local governments outside of bond purchases, as part of...

China’s Household Debt Starts to Surge

While concern over China's decade-long debt binge has focused primarily on leverage in the corporate sector, analysts point out that household borrowing is now...

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China Issued USD$8.87 Trillion in Bonds in 2020 for YoY rise of over 26%: PBOC

The latest data from the Chinese central bank points to a marked rise in bond issuance in 2020 amidst the peak of...

Beijing, Guangdong, Shanghai All Stress Digital Renminbi, Financial Opening in 2021 Government Work Reports

Several of China's biggest regional economies have outlined plans to accelerate digital renminbi trials and financial opening measures in their government work...

ByteDance’s Douyin to Serve as China Central Television’s Spring Festival Broadcast Partner for 2nd Year Running

TikTok's Chinese counterpart Douyin will be the official partner for the Spring Festival gala show that will be screened by China's state-owned...

China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.