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China, Russia
Exclusive: China firms go 'underground' on Russia payments as banks pull back
As China's big banks pull back from financing Russia-related transactions, some Chinese companies are turning to small banks on the border and underground financing channels such as money brokers, even banned cryptocurrency.
How China and Russia are reportedly using 'underground' channels to get around sanctions
Chinese firms that trade with Russia are seeking alternatives to official finance channels, as the threat of US sanctions looms, Reuters reports.
Reuters: Chinese companies go 'underground' on Russia payments
Major Chinese banks are limiting payments for transactions with Russia, fearing U.S. sanctions, Reuters reported on April 29, citing undisclosed trading and banking sources. The Wall Street Journal reported last week that Washington is drafting sanctions that will threaten to cut off Chinese banks that aid Russia's war effort from the global
23h
China’s Sorry Economy Exhibits Little Demand For Credit.
Lending and borrowing in China are sliding along a downward path — another reflection of the economy’s fundamental problems.
2h
on MSN
A Bet by France’s Biggest Company and an African Economy Hinge on China’s Slowdown
The world’s longest heated oil pipeline faces challenges from forest fires to deadly snakes. But funding is the biggest worry ...
1d
on MSN
In message to China, G7 urges others to help climate finance: ‘join us in this direction’
G7 ministers said on Tuesday that efforts to raise money to help poorer countries adapt to climate change should include ...
Yahoo Finance
6h
In data: Nike, Uniqlo, Adidas among China consumer favourites
Sportswear brands including Nike, Adidas and New Balance led the way with consumers in
China
during 2023 while demand for ...
9d
China Finance Ministry Echoes Xi’s Call for PBOC to Trade Bonds
China’s Ministry of Finance said it supports allowing the central bank to trade government bonds, reaffirming a sentence from ...
thenewsnigeria.com.ng
4h
China’s Influence in Africa: Why the West is Fretting
On the margins of the recently concluded World Bank/IMF Spring Meeting, Princeton University organised a two-day conference ...
13d
on MSN
Lawmakers want to make China pay its trillion-dollar debt to Americans
When the People’s Republic of China won recognition as China’s rightful government, it also inherited its predecessor ...
2d
China State Firm to Sell 20 Shanghai Office Towers in Downturn
A major state-owned landlord in Shanghai is offering to sell most of its office buildings for at least 30 billion yuan ($4.1 ...
TMCnet
5h
CCB Singapore Promotes eCNY and Green Finance in Partnership with Business China's Advanced Leaders Programme 2024
SINGAPORE, May 2, 2024 /PRNewswire/ -- China Construction Bank Corporation (" CCB " or the " Group ") Singapore Branch (" CCB ...
6d
on MSN
China's Bank of Communications Q1 profit rises 1.44%
China's Bank of Communications Co Ltd (BoCom) , reported a 1.44% rise in first-quarter net profit amid a slowing economy.
3d
China to extend tariff exemptions for imports of some US products until Nov 30
China will extend tariff exemptions for imports of some U.S. products until Nov. 30, the finance ministry said in a statement ...
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