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Chinese Premier Li Keqiang meets with Cameroonian President Paul Biya in Beijing, capital of China, March 23, 2018. [Photo/Xinhua]
China's three largest State-owned banks－Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China－all published announcements last week and revealed that they had approved equal investments of 3 billion yuan respectively to the fund, using their own capital. The capital injection shall be paid by installments in four years commencing from this year.
China's property developers are likely to continue to borrow significantly from overseas markets as China's lending market is tight and the cost of borrowing is rising.
China’s concern for its environment has made it shift rapidly from coal to natural gas, a cleaner energy source that emits 50 to 60 percent less carbon dioxide in combustion than coal. The change has resulted in China’s importing more natural gas.
China's tightened regulations on the property market have begun to pay off as home prices in major cities stabilized.
