The Republican congressman who leads the House GOP’s investigation of the origins of COVID-19 says he won’t seek reelection next year …
Monthly Archives For November 2023
Wall Street and Beijing fight fallout of ransomware attack on China’s biggest bank
The attack prevented ICBC FS from settling Treasury trades on behalf of other market participants, according to traders and banks. Hedge funds and asset managers rerouted trades because of the …
China’s latest stimulus effort unintentionally creates chaos in its financial markets as short-term rates hit 50%
China’s recent sale of sovereign bonds has created a massive liquidity crunch, forcing some banks to borrow at astronomical costs.
China Warms to America in New Poll
Analysts believe anxiety over Beijing’s slowing economy is likely driving the Chinese public’s less hawkish attitudes toward the U.S.
Biden and China’s Xi to discuss competition and limiting conflict at meeting next week
President Joe Biden will meet with Chinese President Xi Jinping at a summit of Pacific Rim nations in the San Francisco Bay area, the White House announced.
Meta’s China quest thaws thin layer of dense cube
Amid strained U.S.-China relations, Meta Platforms’ quest for new users could bring it back into the messy middle. The $828 billion company has brokered a preliminary deal to sell virtual reality headsets in the country…
China just bought 3 million metric tons of American soybeans
The massive purchase of US soy comes amid a bout of unfavorable weather for Brazil, the world’s top supplier of the key commodity.
Ransomware attack on China’s biggest bank disrupts Treasury market trades
U.S. Treasury says it’s in contact with financial regulators after China’s biggest bank says it experienced a ransomware attack that reportedly disrupted trading in the U.S. Treasury market …
China can raise 2024 budget deficit ratio to spur growth – c.bank adviser
China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central government to issue more debt, Wang Yiming, a policy adviser to the central…
China To Legalize Shadow Banking?
The Financial Times reports that China’s government is moving to regulate the shadow banking sector, while at the same time officially legitimizing these alternate sources of funding.
China’s budget deficit ratio can be increased next year – c.bank adviser
China’s budget deficit ratio can be increased next year, Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China (PBOC), said on Friday at the Caixin Summit in Beijing. The…
(CIIE) 3rd LD-Writethru: Xinhua Headlines: China’s import expo yields record-breaking deals, boosts global economy
SHANGHAI, Nov. 10 (Xinhua) — The just-concluded sixth China International Import Expo (CIIE), the world’s first national-level import-themed expo, saw a total of 78.41 billion U.S. dollars’ worth of …
Why Albanese’s ‘pretty massive’ Pacific pact will irk Beijing
But, of course, that’s exactly what Beijing has been working towards for years. China’s security agreement with Solomon Islands shocked Australia last year, a signal failure of Australian defence …
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