China added to its gold reserves for an eighth consecutive month, with economic and geopolitical risks as well as a desire to move away from the US dollar driving the purchases.
Monthly Archives For July 2023
Analysis-China’s Banks Bear Brunt of Concerns Around Growth and Debt
Analysts at Morgan Stanley also had a note on banks this week that said China’s banks have been “in a constant process of risk digestion”, with 25% of industrial and trade finance …
Yellen criticizes China’s treatment of U.S. companies during visit to improve relations
U.S. Treasury Secretary Janet Yellen has criticized China’s treatment of U.S. companies and new export controls on metals used in semiconductors.
China to end Ant Group’s regulatory revamp with fine of at least $1.1 billion, Reuters reports
The People’s Bank of China has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020.
Yellen raises concerns in China over treatment of U.S. firms, export controls
U.S. Treasury Secretary Janet Yellen expressed concern Friday while in China over Beijing’s treatment of foreign firms and newly imposed export controls on key metals in the manufacturing of semiconductors.
China Spent Years Lending to Low-Income Countries. That’s Becoming a Problem
Low-income countries are reaching debt levels not seen in 25 years. The rise of China as a lender has played a role.
Kexing Biopharm Makes it into China’s Top 20 Biopharmaceutical Enterprises (Blood Products, Vaccines and Insulin) for Two Consecutive Years
Kexing Biopharmaceutical (688136.SH) has accomplished the impressive feat of being recognized on June 27 as one of “China’s Top 20 Biopharmaceutical Enterprises” …
Yellen says US wants healthy competition with China, not ‘winner-take-all’ approach
U.S. Treasury Secretary Janet Yellen and U.S. Ambassador to China Nicholas Burns meet with representatives of the U.S. business community in China, in Beijing, July 7, 2023. REUTERS/Thomas Peter BEIJING, July 7 (Reuters) – The…
Yellen, in Beijing, Criticizes China’s Treatment of U.S. Companies
Treasury Secretary Janet L. Yellen on Friday criticized the Chinese government’s harsh treatment of companies with foreign ties and its recent decision to impose export controls on certain critical …
China-based development bank rejects claims of CCP control
Asian Infrastructure Investment Bank says internal review shows lender follows ‘highest standards’ of governance.
Alibaba Surges on Report China to Unshackle Ant With Fine
Alibaba Group Holding Ltd. shares jumped in Hong Kong trading after Reuters reported that China is likely to announce a fine of more than 8 billion yuan ($1.1 billion) on its fintech affiliate, drawing a…
Yellen holds talks with China’s central bank governor, former economy tsar
U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He for informal talks on the global, U.S., and Chinese economies on Friday, according to a U.
China to prohibit import of food from certain Japanese regions
The Chinese customs authorities announced on Friday that they will ban the import of foodstuffs from ten Japanese regions following Tokyo’s plan to dump treated nuclear wastewater from the Fukushima …
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