America is not seeking a new Cold War with China, but looking for a system of peaceful coexistence, US national security adviser Jake Sullivan said. “The goal here is not containment, it’s not a new…
Monthly Archives For November 2021
Evergrande crisis: US Fed warns China’s property problems could hurt global markets and the US economy
Troubles in China’s vast real estate sector could spill over to the global economy — including the United States, according to the Federal Reserve.
US Fed warns China property sector stress could pose ‘risks’ to American economy
The US Federal Reserve warned in its semi-annual financial health check overnight that stress in China’s real estate sector could pose “some risks” to the American financial system, pointing to the …
China Tightens Oversight of $3.7 Trillion Mutual Fund Market
Chinese regulators moved to tighten oversight of the nation’s 23.9 trillion yuan ($3.7 trillion) mutual fund market, banning product recommendations by unlicensed firms and individuals.
China Property Stress Spurs Fed Warning as Bond Losses Widen
Just weeks ago, Wall Street analysts and central bankers were quick to assure investors that a collapse by China Evergrande Group wouldn’t be a Lehman moment. Regulators in Beijing said that the …
China’s technology giants expect a slump in profits
With Beijing reasserting control over its once-freewheeling internet sector, technology giants are seeing slower growth.
China’s gene-editing landscape advances as CVC’s second CRISPR/Cas9 patent granted
ERS Genomics Limited (‘ERS’) is pleased to report that China Patent No. 2017105856905 has been granted. This new patent covers methods and compositions for use of CRISPR/Cas9 in eukaryotes. ERS, …
China will advance c.bank digital currency, improve its design, governor says
China will continue to advance the development of its central bank digital currency, or eCNY, and improve its design, the People’s Bank of China governor Yi Gang said on Tuesday.
China’s new Covid-19 drugs showing good results
Drug researchers in China are making progress on developing therapies to treat Covid-19 with several antibody drugs, which neutralise the virus, emerging as promising candidates in clinical trials.
Beijing and Jakarta to protect regional peace and economic growth
Chinese investments were helping Indonesia “to survive,” Luhut told U.S. National Security Advisor Sullivan, “Why don’t you come too?” …
Taiwan says China seeking to degrade its military and morale
Taiwan on Tuesday said China is seeking to take control of the island by wearing down its military capabilities and influencing public opinion, while avoiding an all-out military conflict that could …
China’s Evergrande debt woes could spill over to the US, the Fed says
Stresses in China’s real estate sector could strain the Chinese financial system, with possible spillovers to the United States,’ said the Fed.
Beijing’s crackdown on property sector, local government debt could cause chaos, economists warn
Beijing’s crackdown on the property sector and local government debt is likely to do more harm than good to provincial economies amid wider concerns about national growth, Chinese economists say. Some …
