Among other central banks, China’s has a relatively high degree of freedom. With the Fed raising rates, China’s currency will likely continue losing value against the U.S. dollar.
China’s crises threaten Xi Jinping’s legacy
China’s property sector is in freefall and Covid lockdowns are throttling growth as bad loans pile up at the banks. As president Xi Jinping prepares for an unprecedented third term, a deluge of crises ...
BEYOND Expo | Financial services to see fundamental disruptions, says Charles Li
Charles Li, former Chief Executive of the Hong Kong Exchanges and founder of Micro Connect, spoke at the BEYOND Expo 2022 about how he sees a wave of disruption on the horizon for traditional ...
China’s large amphibious aircraft gains major progress
China's independently-developed AG600 large amphibious aircraft has gained significant progress by completing critical flight tests and getting the first batch of purchase agreements, the developer ...
Indebted to China, flood-ravaged Pakistan’s finance minister quits while trying to secure bailout terms
Miftah Ismail’s sudden resignation on Sunday came after Pakistan received assurances of financial help from the IMF and World Bank to prevent its economy from sinking.
Russia plans to use digital rouble in settlements with China, says lawmaker
After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington's global financial hegemony, a senior Russian ...
Global financial companies reassess business risks in China after escalation over Taiwan
Global financial companies, still suffering multibillion-dollar losses in Russia, are now reassessing the risks of doing business in Greater China after escalating tensions over Taiwan, Bloomberg ...
World Bank slashes economic outlook for Asia over China slowdown
The region’s economies are expected to grow 3.2 percent in 2022, down from a 5 percent forecast in April, as China’s lockdowns continue to disrupt factories and dampen spending, the Washington-based ...
China regulators ask funds to stabilise markets before Communist Party Congress – sources
China's securities regulators recently told some fund managers and brokers to avoid massive equity sales ahead of next month's Communist Party Congress, in an effort to avoid big market fluctuations, ...
China Ratings Startup Challenges System Where Even AAAs Default
A spate of defaults by Chinese borrowers with seemingly impeccable onshore ratings has left antsy investors in the world’s second-largest credit market craving credible research to distinguish good ...
Former Head of Exim Bank’s Beijing Branch Kicked Out of Communist Party
She oversaw the policy bank’s shipping and transport-related financing between 2006 and 2012 before she was promoted to Shanghai branch head. Li became head of the Beijing branch in 2019.
China yuan: what can the central bank do to prevent the currency weakening against the US dollar?
China may cut banks’ forex reserve requirements again and could even restore the so-called counter cyclical factor to prevent a rapid depreciation in the currency, experts say.
US-China relations: economic globalisation has forever changed, warns ex-finance minister Lou Jiwei
Government adviser accuses US of trade protectionism as it tries to reshore manufacturing and boost hi-tech competitiveness with China.