Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South ... ( read original story ...)
Multiple Chinese pharmaceutical firms withdraw IPO applications amid enhanced anti-corruption efforts
Multiple Chinese pharmaceutical companies have recently withdrawn their applications for a listing on the A-share market amid the nation's strengthened efforts to tackle corruption in the medical ... ( read original story ...)
China’s Property Market Just Keeps Sinking
China's massive real-estate market is back in trouble after a first-quarter flicker that the sector might be stabilizing. ( read original story ...)
Stock market today: Global shares mostly rise despite US bank, China worries
Global shares are mostly trading higher despite worries about the U.S. banking system and concerns closer to home about Chinese economic growth ... ( read original story ...)
China’s yuan bounces from 3-week low on firmer fix, state bank buying
China's yuan bounced from a three-week low against the dollar on Wednesday, as a firmer-than-expected official midpoint rate offset weakness from disappointing inflation data, while state banks also ... ( read original story ...)
Shanghai, other mega cities roll out efforts to promote renewal
Moreover, Shanghai has been attracting investments from the private sector through multiple channels, including construction contractors and commercial banks. By the end of 2022, the city's 62 ... ( read original story ...)
Asian Shares Mixed On US Bank Worries, China Inflation Data
Asian stocks ended mixed on Wednesday amid worries about the U.S. banking system and fresh signs of weakening domestic demand in ... ( read original story ...)