In August, the Moscow Exchange risks losing its second clearing bank for Chinese yuan in a month, industry insiders warn.
Monthly Archives For July 2024
China Risks Public Backlash With New Crisis Plan
“Voluntary” delayed retirement follows last year’s pension protests, while younger Chinese complain the change will further crowd a difficult job market.
China targets financial sector with party-led anti-graft committee
China has appointed an anti-graft official to lead a new committee to fight corruption in the financial sector, showing the ruling Communist Party’s tightening grip on an industry with $66 trillion in …
Philippines says has ‘arrangement’ with Beijing on South China Sea, but no ship inspections
The Philippines has reached an agreement with Beijing on its resupply missions to soldiers aboard a grounded naval vessel in the South China Sea, but will not submit to inspections from China, a top security…
Fresh legal trouble for prominent Toronto ally of Beijing
A Toronto lawyer and long-time ally of the Chinese government who was censured recently for allegedly misappropriating a half-million dollars from a client is facing more legal trouble and accusations of wrongdoing.
Powerful Typhoon Gaemi churns toward Taiwan, menaces already soaked China with more rainfall
A powerful and rapidly intensifying typhoon is barreling toward Taiwan, prompting authorities to close financial markets, schools and offices, and disrupt ongoing military drills.
Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year
Tesla CEO Elon Musk has again touted the impending rollout of advanced driver-assist software in China, after reporting disappointing earnings.
Beijing deal for post-war Gaza leaves analysts sceptical
Palestinian president Mahmud Abbas’s Fatah movement has agreed with Hamas to form a “national unity government” in post-war Gaza, but analysts are sceptical about the significance of the …
Luxury brands in China take hit on low consumer confidence as economy slows
Asia sales of Louis Vuitton owner LVMH fell 13 per cent in the first half, while Chow Tai Fook’s plummeted 20 per cent in the second quarter.
China released a 22,000-character plan for its economy that doesn’t say very much
David Lubin, a senior research fellow of global economy and finance at Chatham House, said the plenum was “long on slogans and short on substance.” …
Explainer: Impact of progressive trade policy on US imports from China
The US government is being urged to adopt apparel trade policies to boost domestic manufacturing and reduce apparel imports from China.
Remy CFO says no date yet given for decision on China brandy probe
Beijing has given no official timeframe for a decision in its anti-dumping investigation on European Union brandy, Remy Cointreau’s chief financial officer said on Wednesday, after top cognac makers …
Goldman Sees China Saving Fiscal Firepower to Prepare for Trump
Donald Trump may already be influencing the economic agenda in China, according to Goldman Sachs Group Inc. Most Read from BloombergWhat Initial Polling Data Show About the Trump-Harris MatchupA …
