That sparked protests, but a year later China’s legislature went further, annulling regulations that allowed autonomous regions to teach in minority languages. Today, kindergartens in Inner Mongolia are taught entirely in Mandarin and,
Monthly Archives For September 2023
Taiwan slams Elon Musk, says it’s ‘not for sale’ nor part of China
Taiwan is “not for sale,” and neither is it part of China, said Taiwan’s Ministry of Foreign Affairs, in a rebuke to Elon Musk who called the island “an integral part of China.”
China to Avoid ‘Lehman Moment’ Despite Property Woes, Goldman Says
NEW YORK (Reuters) – The Chinese government’s support of banks hit by property woes will enable it to avert a financial crisis like the one in 2008 that was precipitated by the downfall of U.S.
China’s Central Bank Cuts Reserve Ratio to Spur Lending
China’s central bank is freeing up nearly $70 billion of bank reserves in an attempt to boost the sluggish economy. The People’s Bank of China will cut the so-called reserve requirement ratio by a qua…
China cuts banks’ reserve ratio to aid recovery
China’s central bank will cut banks’ reserve requirement ratio by 25 basis points from Sept. 15, it said in a statement on Thursday.
DBS CEO Gupta Says China ‘Consequential’ to Bank’s Strategy
DBS Group Holdings Ltd. sees China continuing to be consequential for the bank even as the country grapples with headwinds in the short-term, according to the chief of Southeast Asia’s largest bank.
China’s Central Bank to Cut Reserve-Requirement Ratio Further
China will further lower the amount of deposits banks have to set aside as reserves, releasing more liquidity into the nation’s financial system amid slowing economic growth.
Tim Scott wants to strip China of its ‘developing nation’ status as part of trade platform
Sen. Tim Scott (R-SC) said China should be stripped of its “developing nation” status, an international designation that grants it special privileges and flexibility over the United States, as a means …
Did the CIA bribe its officials to cover up COVID-19 lab-leak theory?
A veteran senior-level CIA serving official has made explosive claims about the origins of COVID-19 to a congressional hearing. He alleges that the American intelligence agency offered six of its own …
China accuses the EU of protectionism over probe into EV exports
HONG KONG (AP) — China’s Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying Thursday that it is a “protectionist” act aimed at distorting the supply…
Hong Kong’s crypto adoption ranking drops one spot in Chainalysis report as city tries to woo virtual asset exchanges
Hong Kong and mainland China both fell one spot for 47th and 11th, respectively, as lower-middle-income countries like India and Vietnam show a greater appetite for crypto.
Elon Musk was rebuked by Taiwan after appearing to defend the one-China policy: ‘Listen up, Taiwan is not for sale’
Elon Musk angered Taiwan’s foreign minister as he appeared to defend China’s stance. The Tesla CEO had met with China’s foreign minister in May.
China’s Central Bank Set to Boost Liquidity but Keep Policy Rate Steady
SHANGHAI (Reuters) – China’s central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, …
