The onshore yuan has lost around 4.8% of its value since the start of the year, leading the People’s Bank of China to try to strengthen it.
Monthly Archives For July 2023
China’s PBOC Eyes Stability Amid Recovery Woes
I’m Jill Disis, a China economy and government editor in Hong Kong. Today we’re looking at a recent leadership shakeup at China’s central bank. Send us feedback and tips to ecodaily@bloomberg.net or …
Hong Kong cannot just be ‘China’s financial centre’, it must be counted among top global hubs, HKMA’s Eddie Yue says
Hong Kong will continue to develop as a global finance hub and will not just be viewed as China’s offshore financial centre, HKMA CEO Eddie Yue tells Official Monetary and Financial Institutions Forum summit.
China’s Fiscal Policy: What Are the Second-Half Priorities for 2023?
With China’s economic growth under pressure, local government debt risks have drawn much attention, and the direction of the country’s fiscal policy in the second half of this year has become the …
Port of Rotterdam Chief Sees Growing Business Anxiety Over China
The chief of Europe’s busiest gateway for global trade sees evidence that Western businesses are starting to consider moving their production plants out of China.
China Official Meets With Foreign Drugmakers to Boost Confidence
China’s Ministry of Commerce held a meeting with some of the world’s leading drugmakers to discuss their business operations as Beijing ramps up efforts to entice foreign investors to revive a cooling economy.
China’s Export Curb on Chip-Making Metals Prompt Countries to Explore Supply-Chain Diversification
Beijing’s decision to curb exports of rare minerals alarms South Korea and Japan.
China is sending ‘a very clear signal’ to US: Rep. Zach Nunn
Iowa, discusses China’s restrictions on metal exports ahead of Treasury Secretary Janet Yellen’s trip, ‘Bidenomics’ and the recruitment crisis in the military.
Xinhua Silk Road: China’s Shenzhen to build 300 supercharging stations within three years
Shenzhen municipal authorities unveiled the city’s first fully liquid-cooled supercharging demonstration station as part of its “Supercharging City” initiative on the 2023 International Digital Energy …
China extends squeezed-out foreign pharmaceuticals firms an olive branch
China’s Commerce Minister told foreign pharmaceuticals firms they can expect “more development opportunities” during a roundtable on Wednesday, his ministry said, as drugmakers bemoan government procurement policies pricing them out of the market.
China’s chipmaking export curbs ‘just a start’, Beijing adviser warns before Yellen visit
China’s export controls on metals used in semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as Beijing ramps up a tech fight with Washington days before a visit from…
Problems in China Trigger Post-Holiday Weakness
The day following the Fourth of July holiday tends to be weak and China is providing a convenient excuse. Historically, the day following the Independence Day holiday tends to have a negative bias, which is…
To deter China, the US should build rings of fire
To counter China, the U.S. must develop a strategy to assess gaps in our theater-range strike capabilities in the Indo-Pacific and the military requirements to close them.
