Russian President Vladimir Putin rejected U.S. Treasury Secretary Janet Yellen’s concerns over the global economic fallout from China’s excess manufacturing capacity and overproduction of cars as …
Monthly Archives For May 2024
US Tariffs on Graphics Cards Imported From China Take Effect June 15
The tariffs, which will last at least until May 31, 2025, will also affect motherboards and PC desktop cases assembled in China, along with robot vacuums.
Why China’s support of property sector won’t lead to surge in mortgage defaults
China’s sweeping moves released in recent days to increase support for real estate have aroused fierce discussion, with some Western economists assuming that policy-easing measures could pose risks to banks operating in lower-tier cities.
Big Fund III: China pumps another 44 billion euros into semiconductors
This was reported by the Chinese business publication Caixin and the South China Morning Post, citing the Qichacha commercial register. The Chinese Ministry of Finance (17.4 %), China Development Bank …
Exclusive: Argentina on track to start corn exports to China in July – grains chamber head
Argentina is on track to start long-awaited corn shipments to China from July, the country’s grain export chamber told Reuters on Tuesday, which would be a major boost for the South American nation, …
China is pouring almost $50 billion into its chipmaking efforts despite U.S. sanctions
The funds will mostly go toward chip manufacturing, design, equipment, and materials, according to China’s Ministry of Industry and Information Technology. Since 2019, the U.S. has labored to curb …
Russia uses cryptocurrency and barter to trade with China
Russian commodity companies trying to conduct financial transactions with their Chinese counterparts have begun using a new method for deal-making—stablecoins. Additionally, they have started trading …
House GOP investigates NIH FOIA officer in COVID-19 cover-up inquiry
House Republicans are examining evidence that top leadership at the National Institutes of Health intentionally avoided compliance with Freedom of Information Act requests and other oversight efforts …
Saied to fly Tuesday to China on five-day state visit [Upd 1]
Both countries are keen to revive the tourism market after the downturn caused by the COVID-19 pandemic. China has therefore decided to reinstate Tunisia as an officially recommended destination for …
Guangzhou, Shenzhen become latest Chinese cities to ease home-buying restrictions
GUANGZHOU, May 28 (Xinhua) — Guangzhou and Shenzhen, in south China’s Guangdong Province, have become the latest Chinese cities to ease the financial pressure for buying houses. In a notice issued on …
China financial regulator studies measures for accountability failing to prevent financial risks
China’s National Financial Regulatory Administration held a meeting on Monday afternoon to study the implementation measures for the trial provisions concerning accountability for failing to prevent …
China Market Update: “Big Fund 3” Launches As Shanghai Relaxes Home Purchase Policies
After last week’s downdraft, Hong Kong’s most heavily traded stocks were Alibaba, which gained +1.41%, CNOOC, which gained +4.23%, Meituan, which gained +2.06%, and China Construction Bank, which …
Is China exporting too many clean-energy products?
An opinion piece by Michael Zakkour, Beijing Review op-ed contributor and founder and CEO of U.S.-based consulting firms 5 New Digital and China BrightStar: …
