The World Bank is canceling a prominent report on business conditions around the world after investigators found staff members were pressured by the bank’s leaders to alter data about China and some …
Monthly Archives For September 2021
Beijing steers around Biden’s nuclear subs
China has formally applied Australia with nuclear-powered submarines to contest Beijing’s naval assertiveness. It’s cheeky for President Xi Jinping to try to enter a trade pact specifically designed …
Friendless China is powerless to forge alliances like the West’s
In the course of the 21st century China has acquired many of the accoutrements of a great world power. It has what will soon be the world’s largest economy, ten …
Aurora Mobile Making Breakthrough In Metaverse Virtual Technology
Aurora Mobile Limited (NASDAQ:JG) (“Aurora Mobile” or the “Company”), a leading mobile developer service provider in …
IMF Head Accused of Boosting China’s Rankings in World Bank Report
Kristalina Georgieva was accused Thursday in an official report of having applied “undue pressure” to boost China’s rankings in World Bank report.
World Bank officials pressured staff to boost China rankings, inquiry finds
The lender said it would discontinue its annual report on business climates after an investigation raised “ethical matters” over how it was prepared.
World Bank to discontinue ‘Doing Business’ report after China-linked probe
The decision was taken after a probe of data irregularities allegedly due to pressure by some top bank officials to boost China’s ranking in 2017 came to light …
US money printing to fund deficit poses major risk for 2021, says ex-China central bank official
Global inflation, asset bubbles and other consequences of modern monetary theory will be major issues for next year, says Zhou Xiaochuan, an ex-governor of China’s central bank.
IMF chief called out over pressure to favor China while at World Bank
World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied “undue pressure” on staff to boost China’s ranking in the bank’s “Doing Business 2018” report, according to an …
IMF Chief Risks Weakened Authority After China-Linked Probe
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Kristalina Georgieva risks seeing her authority as head of the International Monetary Fund undermined …
China’s trade with Africa grows to record high
It has increased by 40.5 percent in the first seven months of 2021, and valued at a record high of $139.1 billion (R2.02 trillion) …
China’s trade with the continent grows to record highs
According to China’s Ministry of Commerce, trade between China and Africa increased by 40.5 percent year-on-year in the first seven months of 2021 and was valued at a record high of US$139.1 billion.
Rubber markets weak as China import decline affects demand
Far East natural rubber (NR) markets continued to decline in the two weeks to 10 Sept, as the August decline in Chinese imports fuelled concerns over slowing demand. On 9 Sept, rubber futures in Osaka…
