The Russian invasion of Ukraine and a series of Covid-related shutdowns in China do not, on the surface, appear to have much in common. Yet both are accelerating a shift that is taking the world…
FINANCE
China’s Covid approach may become ‘more flexible’ in the second half of 2022, says economist
Carlos Casanova of private Swiss bank UBP says China will probably move away gradually from its zero-Covid policy and toward a more “pragmatic” and “flexible” approach.
China Weighs Raising Billions to Rescue Troubled Financial Firms
Chinese authorities are considering a plan to raise several hundred billion yuan for a new fund to backstop troubled financial firms, according to people familiar with the matter. The People’s Bank of …
Take China and Russia’s ‘no limits’ relationship with a ‘grain of salt,’ says former PBOC advisor
Beijing is expected to continue doing business with Russia but is unlikely to support Moscow militarily, says Li Daokui, former advisor to China’s central bank.
Asian stocks fall after China manufacturing weakens
Asian stock markets sank Thursday after Chinese manufacturing weakened and Russian shelling around Ukraine’s capital shook hopes of progress in peace talks. Shanghai, Hong Kong and Tokyo declined …
Ukraine war: why market unease over China’s friendship with Russia is overblown
Capital outflows from China have surged since the Ukraine war erupted, amid concern about Beijing’s relationship with Moscow However, sentiment was deteriorating sharply before the Russian invasion, …
Moody’s – China’s shadow banking sector shrinks sharply amid continued regulatory oversight
Shadow banking assets as a share of nominal GDP fell … inflation Moody’s Investors Service says in a new report that China’s shadow banking assets contracted sharply in 2021 amid regulators …
China’s March Factory Activity Contracts on COVID Resurgence
China’s factory activity contracted in March as the economy faced renewed downward pressures from stringent COVID-19 controls, an official survey showed on Thursday. The official manufacturing …
ASPI Note: Is China Trying to Establish a Military Base in the Pacific?
Last Thursday, a draft memorandum of understanding between the Pacific island nation of Solomon Islands and China was leaked online by opponents of the deal. The agreement, which has since been …
China’s Mega Banks Face New Obstacles After Comeback Year
China’s mega lenders, led by Industrial & Commercial Bank of China Ltd., delivered double-digit profit gains last year as business bounced back, but now face mounting challenges from the debt-plagued …
ESG Finds Growing Place at the China Investment Table
Chinese institutional investors are increasingly considering environmental, social and governance factors when choosing where to place their money By Nathan Xiao Corporate …
China’s biggest bank ICBC posts 10.7% rise in Q4 profit
Industrial and Commercial Bank of China (ICBC) , , the world’s largest-listed lender by assets, reported a 10.65% rise in fourth-quarter net profit on Wednesday.
China’s Mega Banks Deliver Profit Gains as Challenges Mount
Industrial & Commercial Bank of China Ltd. and Agricultural Bank of China Ltd. reported profit gains of more than 10% in 2021 in a recovery year following the outbreak of the pandemic, but now face…
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