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CHINA’S financial regulators will allow the nation’s lenders to delay recognizing bad loans from smaller businesses reeling from the deadly coronavirus outbreak, giving temporary reprieve to trillions of yuan of debt.
CHINA’S BANKING regulator is considering setting up new regional bad-debt managers to help clean up risks after the failure of thousands of peer-to-peer (P2P) lending platforms, according to people with knowledge of the matter.
SHANGHAI/TOKYO — China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak.
THE Philippine military will boost defense ties with allies in the region including China, Japan and Australia after President Rodrigo R. Duterte ended a military agreement with the US on the deployment of troops for war games, its new chief said on Wednesday.
BEIJING/SHANGHAI — Chinese theaters and film studios are protesting a deal by Huanxi Media Group to premiere its new movie Lost in Russia on Bytedance’s online platforms, with some saying it was “trampling” and “destroying” China’s cinema industry.
CHINA’S biggest week of the year for movie-goers is packed with at least 12 new releases — all in the local language — a sign that Hollywood studios are headed for another challenging year in their No. 1 overseas market.
CHINA’S CONSUMER inflation steadied in December while factory price declines moderated, leaving room for monetary easing to cement a recent stabilization in economic growth.
CHINA PLEDGED to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a build up in bad debt at its traditional lenders.
TWO CONTAINERS of pork and other meat products estimated to be worth P3.5 million, misdeclared as food seasoning and tomato paste, were seized at the Port of Manila.
SHANGHAI — China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy.
CHINESE President Xi Jinping on Thursday refused to recognize the 2016 arbitral ruling that voided China’s claims to more than 80% of the South China Sea even as his “old friend” Philippine President Rodrigo R. Duterte insisted that the decision was “final, binding and not subject to appeal.”
PRESIDENT Rodrigo R. Duterte is expected to close agreements on education, science and technology, and economic and social development during his China visit next week, the Department of Foreign Affairs (DFA) said.
INVESTORS unloaded stocks in some of the country’s top property developers on Thursday, amid worries that China’s crackdown on online gambling will dent the rising demand for office space and condominiums fueled by Philippine Offshore Gaming Operators (POGOs) and their Chinese workers.
DEFENSE Secretary Delfin N. Lorenzana on Friday expressed his annoyance over the continuous presence of Chinese warships in Philippine waters.
AS CHINA moves toward a more market-based approach to determining the cost of money in its economy, one metric suggests corporate debt is going in the opposite direction.
CHINESE policy makers are holding back from rolling out the big guns of monetary stimulus, keeping options in reserve as the trade standoff with the US risks morphing into a global currency war.
SHANGHAI — China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness in the face of an escalating trade row with the United States.
THE Social Weather Stations (SWS) reported that even more Filipinos are distrustful of China since its last survey, while their trust of the United States has been increasing.
BEIJING — New bank loans in China are expected to have picked up to a five-month high in June, a Reuters poll showed, as Beijing kept ample liquidity in the financial system to support the slowing economy and offset growing US trade pressure.
MALACAÑANG ON Monday said the People’s Republic of China does not want to involve a third party in the joint investigation into the June 9 boat sinking incident at the Recto Bank in the West Philippine Sea.
SHENZHEN, China/SHANGHAI — When Tencent Holdings Ltd. made its first big foray overseas with an adaptation of its blockbuster mobile game Honor of Kings in the summer of 2017, executives thought they had a sure-fire success on their hands.
CHINA’S BOND TRADERS are throwing away the script this year as the central bank repeatedly tweaks policy to keep up with shifts in the economy.
THE PHILIPPINE government will not need China’s consent for its plan to declare some parts of the West Philippine Sea as marine protected areas, Malacañang said on Monday.
CHIA EK CHOR fled his typhoon-ravaged village in southern China and started a new life in Thailand selling vegetable seeds with his brother in 1921. Almost a century later, with the largest family fortune in the country, his descendants are becoming Chinese President Xi Jinping’s key economic allies.
NET TRUST ratings were “very good” for the United States, “good” for Japan and Australia, and “neutral” for China, according to the latest Social Weather Stations (SWS) survey, which showed “the same grade for all four countries” compared to “when they were last surveyed,” SWS said.
CHINA’S SAVERS are turning a deaf ear to government warnings about one of their favorite investments.
PRESIDENT Rodrigo R. Duterte on Thursday said the government should seek a compromise with China over the Philippine’s Pag-asa Island, saying the country would never win if it went to war over it.
FILIPINOS STILL trust the United States (US) the most and China the least among four countries in a poll by Social Weather Stations (SWS) in December.
SHANGHAI — By day, Yao Yu heads up risk control for an investment firm in the southern metropolis of Shenzhen. By night, he goes on the prowl for his own business, Ratingdog, sniffing out data that could bring clarity to China’s notoriously opaque bond market.
PRESIDENT RODRIGO R. Duterte has extended the terms of five special envoys to the People’s Republic of China.
MALACAÑANG ON Thursday said the Philippines should "perhaps be thankful" to China for the reported maritime rescue center it constructed in the Philippine-claimed Kagitingan Reef in the West Philippine Sea because it will be beneficial to seamen in distress.
PHILIPPINE Infradev Holdings, Inc. (formerly IRC Properties, Inc.) has inked a deal with China Civil Engineering Construction Corp. (CCECC) for its $3.7-billion Makati City Subway Project.