Among dozens of minority groups in southwestern China’s Guizhou province, the Dong ethnic group is widely known for its tradition of passing on culture and knowledge in music, especially in “dage,” or …
FINANCE
China should worry less about its currency
But in at least one respect China resembles a classic emerging market: it retains a palpable fear of floating its currency. Instead China keeps a close eye on the yuan’s value against the dollar and…
China cuts coal import taxes to zero to ensure energy supply
China will slash coal import tariffs to ensure energy security, the finance ministry said Thursday, the latest move to cast doubt on the country’s environmental promises. Beijing is the world’s …
China struggles for options as COVID threatens economic goals
China’s policymakers are struggling to find ways to ward off an economic slowdown that threatens job losses in a politically sensitive year, as COVID-19 lockdowns disrupt supply chains and jolt …
China is trying to ‘insulate’ the economic impact of its zero-Covid policy, says Moody’s
Katrina Ell of Moody’s Analytics says it’s a “very difficult job” for Chinese policymakers at the moment. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get…
Oil Declines as China’s Virus Lockdowns Weigh on Demand Outlook
Oil dropped toward $101 a barrel as China’s spreading virus outbreak continued to weigh on the outlook for global demand.Most Read from BloombergFour European Gas Buyers Made Ruble Payments to …
Beijing hoping to avoid Shanghai-style lockdown with mass testing
Millions of people in Beijing took their second Covid-19 tests of the week yesterday as the Chinese capital tried to keep an outbreak numbering in the dozens from spiralling into an all-out crisis, …
Banks Slash Yuan Forecasts as China’s Economy Reels From Covid
Seven banks slashed their yuan forecasts as they see the currency’s sudden slide gathering pace over the next few months in a worsening outcome for the Covid-stricken economy.Most Read from …
China decries pursuit of glory, short-term gains in revamp of US$4 trillion fund industry amid steep market losses
Mutual funds must abandon the practice of seeking short-term returns, stop blindly pursuing scale and protect investors’ long-term interests, CSRC says The guidelines will help stabilise financial …
China Investment In Europe Gained In 2021 From Low Level; VC Flows Doubled
China’s direct investment in Europe in 2021 picked up from a year earlier though from a low level, according to a report by Rhodium Group and MERICS released today. The two research organizations aren …
China Will Be Poster Child For Developing Countries MMT
In fact, there’s been substantial research from numerous countries showing a link between faster money creation and higher inflation. But now enter MMT. MMT questions the assumption of an automatic …
China’s rise depends on playing by the rules, U.K.’s Truss says
British Foreign Secretary Liz Truss on Wednesday warned China that failure to play by global rules would cut short its rise as a superpower, and said the West should ensure that Taiwan can defend …
Beijing Could Be the Next Casualty of China’s ‘Zero COVID’ Strategy
Wary of the high transmissibility of the omicron variant, officials in Beijing ordered 20 million residents across nearly a dozen districts to undergo mass testing earlier this week, after dozens of …
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