Trust lending in China is not as tightly regulated as bank activity, allowing trusts to charge higher rates of interest to borrowers who may struggle to access more traditional forms of finance. “Paying ultra-high interest…
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Don’t count on Beijing to resolve fallout from any debt blowup, says expert
The Chinese government needs to wean the debt-laden economy off the belief that Beijing will stage a bailout if problems crop up, says a Tsinghua finance professor. The country has the size and resilience to…
China allows Xi to remain president indefinitely, tightening his grip on power
BEIJING (Reuters) – China removed presidential term limits from its constitution on Sunday, giving President Xi Jinping the right to remain in office indefinitely, and confirming his status as the country’s most powerful leader since…
China makes historic move to allow Xi Jinping to rule indefinitely
BEIJING — China’s rubber-stamp lawmakers on Sunday passed a historic constitutional amendment abolishing a presidential two-term limit that will enable Xi Jinping to rule indefinitely. The amendment upends a system enacted by former Chinese leader…
China Ties Future to Xi as Lawmakers Repeal Term Limits
China’s parliament voted to repeal presidential term limits … increase global clout and curb financial and environmental risks. It also ties the world’s most populous country more closely to the fate of a single man…
Trump’s steel tariffs are nothing compared with the looming war over intellectual property theft with China
US President Donald Trump’s proposed steel tariffs have caused China to warn of trade wars and potential damage to the US economy, but steel tariffs are nothing compared with the coming fight over intellectual property…
Property tax not just aimed at taming home prices in China
China will “prudently advance legislation on real estate tax,” Premier Li Keqiang said on Monday while delivering his annual government work report at the opening of the 2018 two sessions. It is expected that the…
Curbing financial risk remains central task in China
It has been ten years since a global financial crisis swept the world’s major economies. While a global recovery is finally underway, the world’s second largest economy is staying alert against systemic financial risks. [Special…
China allows Xi to remain president indefinitely, tightening grip on power
BEIJING (Reuters) – China removed presidential term limits from its constitution on Sunday, giving President Xi Jinping the right to remain in office indefinitely, and confirming his status as the country’s most powerful leader since…
Beijing: ‘No winners’ in any trade war with US
(CNN)There would be no winner in any trade war between China and the United States, but Beijing can handle any challenge, China’s commerce minister said Sunday. “Trade war has no winners, it will only bring…
China makes historic move to allow Xi to rule indefinitely
China’s rubber-stamp lawmakers on Sunday passed a historic constitutional amendment abolishing presidential term limits that will enable President Xi Jinping to rule indefinitely. The National People’s Congress’ nearly 3,000 hand-picked delegates endorsed … ( read…
China allows Xi to remain president indefinitely
BEIJING (Reuters) – China’s largely rubber stamp parliament on Sunday passed a series of constitutional amendments, including one that removes presidential term limits, allowing President Xi Jinping to remain in office indefinitely. The announcement of…
China says trade war with U.S. will only bring disaster to global economy
But the target of Trump’s ire is China, whose capacity expansions have helped add to global surpluses of steel. China has repeatedly vowed to defend its “legitimate rights and interests” if targeted by U.S. trade…
