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SHANGHAI/SINGAPORE, Nov 17 (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalising on rock-bottom yuan interest rates as funding costs elsewhere jump. Companies and banks are raising record amounts of cash through yuan bonds issued in mainland China and … Read more
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[1/5]Chinese President Xi Jinping speaks at the opening ceremony of the Belt and Road Forum (BRF) to mark the 10th anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing, October 18, 2023. REUTERS/Edgar Su Acquire Licensing Rights BEIJING, Oct 18 (Reuters) – Chinese President Xi Jinping warned against … Read more
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LONDON, Sept 25 (Reuters Breakingviews) – Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. China’s $1 trillion Belt and Road Initiative is drowning in bad debts and may be about to lose Italy, the only big rich democracy which is a member. The People’s … Read more
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Italy’s Prime Minister Giorgia Meloni looks on, as she is welcomed by U.S. President Joe Biden (not pictured), in the Oval Office at the White House, in Washington, U.S. July 27, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing Rights ROME, Sept 10 (Reuters) – Prime Minister Giorgia Meloni said on Sunday there was more to Italy’s … Read more
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Chinese Foreign Minister Wang Yi poses as he meets Turkish Foreign Minister Hakan Fidan (not seen) in Ankara, Turkey, July 26, 2023. Stringer/Pool via REUTERS Acquire Licensing Rights BEIJING, Sept 5 (Reuters) – Despite Rome’s scepticism, China’s Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, … Read more