While reactions in the U.S. and China have been predictable, reactions across the Asia-Pacific have been more muted and thus more telling.
Monthly Archives For February 2023
The Creeping Menace of Central Banks’ Crypto Dreams
The slogan “In Crypto We Trust” on a tire side wall on a luxury Mercedes-Benz Group AG car ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, Jan. 16, 2023. The annual…
China firmly opposed to U.S. blacklist on Chinese entities, will take countermeasures
China said it will take countermeasures against U.S. entities that undermine Chinese sovereignty, its foreign ministry said at a press conference on Wednesday.
Across China: Booming business returns to China-Mongolia border areas
Border cities like Erenhot have seen booming business and greater people-to-people exchanges since cross-border travel resumed between China and its neighbors on Jan. 8, as part of the country’s …
China Wants Its Currency to Have Global Influence. U.S. Sanctions Are Paving the Way.
Xi said on a trip to Saudi Arabia in December that China would start paying for oil with Chinese currency. The Saudi finance minister said his government is open to the idea. Those moves signal…
Chinese chip trade group opposes export controls from U.S., Netherlands, Japan -statement
China’s top trade group for the chip industry, opposes reported export controls from the United States, Japan and the Netherlands on China’s chip industry, it said in a statement on Wednesday.
China-less IPEF trade framework will benefit business: USTR
HO CHI MINH CITY — A U.S.-led Pacific trade framework that excludes China will deliver practical benefits for business, the U.S. Trade Representative said on a visit to Vietnam, adding that the …
China border reopening could be key 2023 driver as HSBC, Standard Chartered prepare to report annual results, analysts say
Standard Chartered took credit impairment charges of US$367 million in the first nine months of 2022 related to its China commercial real estate business, while HSBC took charges of about US$800 …
The property market is so bad in China that some banks are letting people be on mortgages till they are 80
A 50-year-old home buyer can now get a 30-year mortgage. Under the previous rules, the buyer would have had to be under 40 to get a similar mortgage.
China launches corruption probe into football association chief
We’ll send you a myFT Daily Digest email rounding up the latest Chinese corruption news every morning. The head of China’s football association is under investigation by the ruling Communist party’s …
Xi Jinping’s ‘Made In China’ Ambitions Stuck In Mud On Sweeping US Chip Export Bans
In a major setback for the Xi Jinping administration, the U.S. sweeping export bans imposed last year are holding up expansion plans for top Chinese chipmakers. What Happened: The government’s …
COVID-19 infections continue to decline in China
The Chinese mainland reported over 80,000 COVID-19-related deaths at hospitals from Dec 8 to Feb 9, as the numbers of COVID-19 infections and deaths associated with the disease have been trending …
Fortescue sees solid iron ore demand this year on China property support
Australia’s Fortescue Metals said it expects solid iron ore demand this year given China’s support for its property and construction sectors, as it reported lower profit and dividends for the first …
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