China is also wary of those missiles … Either way, the growing consensus is time is running short. Doug McKelway joined Fox News Channel (FNC) in November 2010 and serves as a Washington-based correspondent. Click…
Monthly Archives For June 2017
How China overtook the US in leading the battle against climate change
China was once the bad boy of climate change. But with US President Donald Trump on the verge of pulling out of the Paris climate agreement, it’s now poised to be the global leader. The…
Chinese companies hit by credit squeeze as corporate debt costs surge
The cost of raising capital through the corporate bond market in China has exceeded that of bank lending for the first time since 2008, raising concerns that Beijing’s crackdown on financial leverage is starting to…
Beijing International Fair for Trade in Services opens
finance and telecommunications. Meanwhile, various products like the intelligent security lock, VR glasses, smart cameras, which embody the scientific and technological innovation of Beijing, make their debut at the fair. At the booth hosted by…
China central bank’s dilemma: how much financial tightening is too much?
When China embarked on a massive credit stimulus in late 2008, the job of the People’s Bank of China became relatively easy: it just had to provide as much cheap credit as banks wanted in…
China vows to continue with Paris Accord even if U.S. pulls out
Without mentioning the U.S. specifically, Li said that “China in recent years has stayed true to its commitment … dangerous emissions even if Trump pulls out. Johnson told Sky News that Britain still wants the…
China’s currency hits highest level since Trump’s election
China’s currency has spiked to its strongest level against the … wrote in a research note Thursday. The negative news of the Moody’s downgrade was awkwardly timed for Beijing, which is trying to attract overseas…
China will continue with climate pact even if US pulls out
“No matter whether other countries’ positions may change, we will continue to uphold” a model of sustainable development, Hua said at a regularly scheduled news conference. China is the top emitter of man-made carbon dioxide…
China vows to commit to Paris climate accord
Merkel referred to Li’s assurance as “very encouraging”. “China has become a more important and strategic partner,” Merkel said in the news conference. Their comments come after reports that the US will withdraw from the…
China launches cybersecurity law
The new legislation came into force on Thursday, provoking criticism and posing uncertainty among the business sector in the country, Efe news reported. “The law will have a big impact on how business is done…
Baidu’s Turn as a Bank Is Unwelcome
Everything is a bank in China these days it seems—even its biggest internet search engine. The move by Baidu BIDU -1.99% —often referred to as China’s Google—into financial services has now caught the eye of…
RPT-SPECIAL REPORT-‘Ghost collateral’ haunts loans across China’s banking system
SHANGHAI May 31 The banker at the other end of the phone line was furious, recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $3 million from…
China’s Monetary Conundrum
This trend can be traced back at least to 2004, when a fast-growing trade surplus and massive capital inflows, as well as relentless exchange-rate appreciation, forced the People’s Bank of China (PBOC) to resort to…
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