The US embassy did not immediately respond to a request for comment. Read more at straitstimes.com. Read more at straitstimes.com.
FINANCE
China’s economy can grow by up to 5% until 2030: ex-finance vice-minister Zhu
Comments from Zhu Guangyao come as party Central Committee prepares for fourth plenum from Monday to finalise crucial 2026-2030 blueprint.
Beijing steps in as PBoC warns against private stablecoin issuance
Alibaba-backed Ant Group and e-commerce giant JD.com were among the firms that had expressed interest earlier this year in joining Hong Kong’s pilot stablecoin program or issuin …
China says US targeted national time systems; risks financial and power networks
China’s Ministry of State Security accused the US National Security Agency of conducting cyberattacks on its national time center. The ministry claims …
China Gangs Exploit US Gift Cards to Move Stolen Cash, DHS Says
Gift cards, one of the most basic financial products in the US retail market, have become the backbone of a billion-dollar criminal economy that investigators say is moving American money into China.
Banking blackout — Beijing bans 2 Lithuanian lenders in revenge for EU sanctions on Chinese banks
China has taken strong action against two European Union banks, in a move that signals rising tensions between Beijing and Brussels. The measures were announced by China’s Ministry of Commerce on …
German Finance Chief Slams China’s Rare-Earth Export Limits
German Finance Minister Lars Klingbeil criticized China’s decision to tighten export controls on rare earths and expressed hope for a de-escalation following the meeting between US President Donald …
X Financial: A Tech-Finance Gem In A Rough Geopolitical Climate
X Financial saw tech-driven growth, has AI risk management, and financials amid US-China tensions. Learn if XYF stock belongs on your watchlist.
Is China really the world’s superpower?
People asked if China would catch up to the United States. Then the question became when will China catch up. And now it’s slowly becoming about whether anyone can stop China from becoming the world’s…
China tit-for-tat tariffs bite into soybean farmers’ sales — here’s how the ripple effect could hurt you
U.S. soybean farmers headed into harvest season facing a problem possibly more daunting than a drought or a tornado. China, the top global buyer of soybeans, has moved away from American beans in the …
Europe slowly awakens to its entry into US-China wars
Dutch seizure of a Chinese-owned chipmaker show EU’s balancing act between Washington and Beijing under strain …
China and US agree to fresh trade talks
BEIJING: China and the United States agreed on Saturday (Oct 18) to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging …
Bessent to meet China’s vice-premier in bid to solve rare earths spat
China has accused the US of being hypocritical, pointing out that the Trump administration had taken aggressive moves against Chinese companies since Bessent and He Lifeng held their previous meeting …