Accusations of China manipulating the renminbi exchange rate are unfair and not objective, the Ministry of Commerce (MOC) said Thursday.
A bank in China’s Tibet autonomous region is providing loans of up to 2 million yuan ($290,000) to start-ups.
Moody’s Investors Service on Wednesday downgraded China’s long-term local currency and foreign currency issuer ratings from Aa3 to A1 but changed the outlook from “negative” to “stable,” a move experts said showed apparent miscalculations.
China’s economic planning agency said on Wednesday that the country’s debt risk is “controllable” and companies will be in a better position to repay debt with increased profit margins.
China rebutted international rating agency Moody’s downgrading of the country’s credit rating on Wednesday, saying the company overestimated the difficulties facing the world’s second-largest economy and underestimated the effect of its restructuring reforms and financial strength.
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Nasdaq Dubai said it welcomed the listing of three bonds issued by Industrial and Commercial Bank of China Dubai branch in the Dubai banking free zone DIFC.
China’s central bank on Wednesday pumped more money into the market to ease liquidity ahead of the Dragon Boat Festival holiday on May 30.