Despite mounting tensions between the United States and its rivals China and Russia, President Biden’s climate envoy, John Kerry, told Yahoo News that the U.S. must work with those adversaries on …
Monthly Archives For March 2023
Central bank conducts reverse repos
The People’s Bank of China on Friday conducted 7 billion yuan ($1.02 billion) of seven-day reverse repos at an interest rate of 2 percent. The move is aimed at keeping liquidity reasonable and ample …
China rolls over $2bn loan as Pakistan races to meet IMF demand for external financing
China has approved a rollover of $2 billion State Administration of Foreign Exchange (SAFE) deposits for one year for cash-strapped Pakistan racing to secure assurance of external financing from …
China rolls over $2 billion loan to Pakistan
In a major development to secure a staff-level agreement with the International Monetary Fund (IMF), China has rolled over $2 billion, sources within the finance ministry said. For the revival of the …
China to introduce early 6G mobile applications by 2025, putting the country on track to rolling out commercial services by 2030
In spite of the disruptions caused by US pressure and the coronavirus pandemic, China has already built the world’s largest 5G mobile network, with more than 2.31 million 5G base stations deployed at …
China’s property crisis: Evergrande, Shimao and other fallen tycoons rush for lifelines to fix US$232 billion debt headache
China’s post-pandemic recovery is sending a clear and urgent message to the nation’s fallen property tycoons: shape up, reorganise and get on with working out their debt. The rush is on. China …
China rolls over $2b in SAFE deposits
China has granted Pakistan a rollover of $2 billion in State … The rollover is not a loan but a financial deposit to be kept at Pakistan’s central bank. Finance ministry officials hoped that …
Foundation of China’s economic recovery not solid enough, party official says
Recent economic data has shown that China’s economy picked up from COVID-19 slumps after the government abandoned its zero-COVID strategy late last year. China is confident of reaching its annual …
Expert says confidence is key to China’s economic success
It is in China.” According to a projection by the McKinsey Global Institute, if China’s GDP annual growth rate maintains at 2 percent in the next decade, the cumulative growth total will be equivalent …
Tech Exodus From China Accelerates. These Emerging Markets May Benefit.
Hideo Tanimoto, president at electronics power Kyocera (ticker: 6971.Japan) broke with tradition last month to share what he really thinks about China. “The business model of production in China and …
China’s AI ambitions hindered by funding and chip import issues
China’s tech giants are facing significant hurdles in their race to develop and dominate the artificial intelligence (AI) market, with censorship and a US clampdown on chip imports impeding progress.
U.S. warns China’s promises often empty as Honduras wavers on Taiwan
While a decision by Honduras to possibly severe ties with Taiwan in favour of China is a sovereign one, China often makes promises in exchange for recognition that remain unfulfilled, the de facto U.S …
China thinks it’s diplomatically isolating Taiwan. It isn’t
Experts say Taiwan has been increasing its influence across the globe by developing very close — though unofficial — ties with western countries, countering the loss of diplomatic allies like Hondur …
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