Asset quality of State banks to remain stable By JIANG XUEQING | China Daily | Updated: 2021-04-01 09:05 Share CLOSE The Industrial and Commercial Bank of China booth at an expo in Guangzhou, Guangdong province. [Photo by Fang Jie/For China Daily]
The credit risk of China s large State-owned commercial banks may increase slightly but their asset quality will continue to remain stable this year, experts said. Holding expectations for China s strong economic growth (this year), the recovery of production and operations of domestic enterprises will speed up. As a result, temporary problems with capital turnover brought by the COVID-19 pandemic will be eased, said Wang Jingwu, vice-president of Industrial and Commercial Bank of China Ltd, the country s largest State-owned commercial lender by assets.
By EARLE GALE in London | China Daily Global | Updated: 2021-04-01 09:28 Share CLOSE Britain s Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street in central London, Britain, March 3, 2021. [Photo/Agencies]
The recent scramble to buy property in the United Kingdom became less frantic in March because of uncertainty around the continuation of a tax break on house sales.
In the end, Chancellor of the Exchequer Rishi Sunak announced in his budget in early March that the so-called stamp-duty holiday, which had been slated to end on March 31, would continue until the end of June-and beyond in diluted form-sparking the housing market back into life.
[Photo by LI MIN/CHINA DAILY]
The time it will take the world to achieve gender equality has increased from 99.5 years to more than 135 years with the COVID-19 pandemic taking its toll, according to the World Economic Forum s Global Gender Gap Report 2021.
Examining 156 countries, the report found that, despite progress in education and health, women are still faced with economic hurdles, declining political participation and workplace challenges.
The pandemic has worsened the situation, and the report noted that progress toward gender equality is stalling partly due to women being more frequently employed in sectors hardest hit by lockdowns, such as the consumer sector, combined with the additional pressures of providing care at home.
Shaukat Tarin offered to be part of PM’s economic team
Top Story
April 1, 2021
ISLAMABAD: Former finance minister Shaukat Tarin said on Wednesday that he would not accept any public office till pending cases against him in the judiciary are settled.
“I am a man of principles and will not accept any offer of public office until cases against me are settled. Although, the decision is in my favour at the initial stage but hearing of appeals is still pending before the judiciary,” former finance minister Shaukat Tarin said when The News contacted him for seeking his comments on Wednesday night with regard to some reports on his appointment as Adviser to PM on Finance along with Federal Minister for Finance Hammad Azhar.
Expected Economic Benefits Help Grow the Popularity of Online Gambling
- FinancialBuzz.com News Commentary
NEW YORK, April 1, 2021 /PRNewswire/ The swing to a more favorable attitude towards online gambling businesses is noticeable across the board. According to data published by the American Gaming Association (AGC), Americans views of the casino gaming industry improved in 2020 as voters increasingly recognize the industry s economic benefits and commitment to local communities. Nearly 7 in 10 (69%) Americans say that gaming provides a positive benefit to the U.S. economy and 63% agree that the industry provides high-quality jobs. Dustin Gouker, Lead Analyst for PlayPennsylvania.com, explained that there are a lot of positive signs right now as sportsbooks and online casinos continue to gain steam, and hopefully, the state s brick-and-mortar casinos begin to regain their footing. If things do return to normal, the gaming industry should see significant gains across the board