Sunday, March 19, 2023

Tag Archives: Beijing

Surge in Loans Puts Beijing in a Quandary

BEIJING—A surge in lending that defied Beijing’s efforts to mop up liquidity presents China’s new leaders with the tough prospect of risking a budding growth revival by cracking down too hard to head off a bad-loan crisis. China has been on a credit binge since the global financial crisis of 2008, initially a deliberate strategy by leaders to finance investment …

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Exclusive: Russia plans $25-$30 billion oil-for-loans deal with China

(Reuters) – Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Four industry sources familiar with the situation told Reuters that Rosneft was in talks with Chinese state firm CNPC about the borrowing, which would echo a $25 …

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Baidu Tops Estimates Amid Higher Ad Spending

RobinLi

Baidu Inc. (BIDU), owner of China’s dominant search engine, reported fourth-quarter profit that topped analysts’ predictions as companies boosted spending on online advertising to reach users in the top Internet market. Profit excluding certain items was 95 cents per American depositary receipt, compared with 90 cents, the average estimate of analysts surveyed by Bloomberg. Net income climbed 77 percent to 2.05 billion …

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