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China’s beleaguered peer-to-peer lending market will get a boost from Greater Bay Area development, says DBS Bank

China’s peer-to-peer (P2P) lending industry, which has shrunk dramatically under a government crackdown, should get a welcome boost from the development of the Greater Bay Area, according to DBS Bank.By 2030, P2P lending will enjoy an annual growth rate of 17 per cent in the new economic and innovation hub, making it the fourth-fastest growing sector there, the Singaporean bank estimated.In P2P lending, internet-based platforms match private investors with individuals or small companies that… Source link

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Beleaguered Siberia iron ore miner gets boost from Brazil mine shutdowns

IRC, a small Siberia iron-ore miner already benefiting from President Xi Jinping’s Belt and Road Initiative, has got another boost: a recent surge in ore prices as a result of mine shutdowns halfway across the world in Brazil.The company has been loss-making, debt-laden and afflicted with construction delays. But thanks to project-financing support from the Chinese and Russian governments, IRC has finally seen light near the end of the tunnel after nearly a decade of project development.Last… Source link

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US-China trade war to turn the screws on Hong Kong’s beleaguered shipping industry

Escalating trade tensions between the United States and China are likely to catch Hong Kong and its struggling shipping industry right in the middle, according to one of the city’s main port operators. The US has placed tariffs on nearly half of all Chinese goods exported to the US and President Donald Trump has threatened to impose levies on nearly US$500 billion worth of annual exports as he seeks to pressure Beijing to stop what he claims are unfair trade practices. China has responded with its own retaliatory actions. The…

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