Chief Secretary John Lee urges residents not to be confused by rumours about the government’s coming universal testing exercise During screening operation, government will ensure a stable and …
FINANCE
Russian Banks Switch To China’s UnionPay After Mastercard And Visa Suspend Operations
Russian banks suspended from operating on Mastercard’s (NYSE: MA) and Visa’s (NYSE: V) card payments networks are switching their business to the rival Chinese …
Financial Nuclear War: The World Is in for a Shock
RealClearPolitics …
China plans 7.1% boost for defense
China projected defense spending growth of 7.1% this year, the fastest pace in three years, as President Joe Biden moves to strengthen the U.S. position in the Indo-Pacific region. Military …
China Sets GDP Target Around 5.5%
China announced a gross domestic product growth target of “around 5.5%” for 2022, as an annual parliamentary meeting gets underway.
China’s diplomacy budget grows while trade deal outlook narrows
While the references to external risks were vague they were noted in the section that addressed the Belt and Road Initiative, China’s effort to expand its global influence throu …
Why China Won’t Rescue Russia’s Flailing Economy
RFE/RL: What role could China play in supporting Russia’s economy? We have seen some headlines about oil and wheat and there has been a push in recent years to sign deals in Chinese yuan, leaving…
China raises army budget to $229B
China announced on Saturday a 7.1-percent increase in its defense budget for 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the …
China to step up spending despite lower budget deficit ratio – minister
China will step up its fiscal spending this year to support the slowing economy, despite a lower budget deficit ratio, Finance Minister Liu Kun said on Saturday.A lower budget deficit ratio is an …
China Needs to Pop Its Property Bubble
The financial woes of the giant real estate developer Evergrande, which carries an estimated debt of $300 billion, have rekindled global fears that China’s property bubble is about to burst.
China to Set Up Financial Stability Fund, Steady Home Prices
China plans to set up a financial stability fund and adopt measures to keep housing prices stable, as policy makers ramp up efforts to prevent systemic risks. “A fund for ensuring financial stability …
The First Financial War
The lesson of the Ukraine conflict so far is Russia has concentrated on ‘old fashioned combat’ while as the West has excelled in information warfare (and now in prosecuting a campaign to cut Russia …
China’s bond market saw 4.51 trln yuan issued in January
The total bond issuance in China stood at 4.51 trillion yuan (about 712.6 billion U.S. dollars) in January, data from the central bank shows. The issuance of treasury bonds reached 466 billion yuan, …
