One longer-term story is the access of UK financial institutions to EU clearing – or ‘equivalence’. This access has recently been extended to 2025, but the EU seems to want it to end then.
FINANCE
Global and China Heavy Truck Industry Report, 2021-2027
New York, Feb. 11, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global and China Heavy Truck Industry Report, 2021-2027” – https://www.reportlinker.com/p06228542/?
When Will China Be the World’s Biggest Economy? Maybe Never
Scenario 1: The Base CaseIn the base case, China overtakes the U.S. in the early 2030s. Scenario 2: A Financial CrisisJapan’s quest for the top spot in the global economy ended in a debt crisis.
The China Factor in Indonesia’s New Capital City Plan
China’s economic influence in Indonesia will … senior economist at the Jakarta-based Institute for Development of Economics and Finance, this cement factory involves a number of irregularities …
Beijing to deepen opening-up efforts in service sector
According to the Beijing FTZ plan, the city government will support the People’s Bank of China, the country’s central bank, in its efforts to establish a digital currency zone and digital finance …
China policy bank’s 2021 loan support for Yangtze River Belt reaches 876 bln yuan
BEIJING, Feb. 10 (Xinhua) — The China Development Bank (CDB), one of the country’s policy banks, provided 875.9 billion yuan (about 137.72 billion U.S. dollars) of loans in 2021 to support the …
Tesla plans to locate China design centre in Beijing, city govt says
SHANGHAI (Reuters) – U.S. electric carmaker Tesla plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned to open …
Beijing Olympics 2022: An exclusive look into the Games as a spectator
In a time of Covid – unlike Tokyo’s summer Olympics of 2021 – Beijing has found a way to put some spectators in the stands. This is how they are doing it. The World’s fastest…
Biden, US officials ‘not awake’ to China’s rising financial influence in the world: Lanhee Chen
The way that essentially China gains influence is to go into countries, to finance projects, not with equity, but with debt – They essentially put countries in a debt trap.” Chen pointed to Laos, a…
Commentary: China welcomes the world in Winter Olympics but its economy is more isolated from West
China’s great rise over the past several decades has been the great economic success of our times, lifting hundreds of millions of people out of poverty and giving the global economy wheels in the …
Debt Fears Swirl Around Logan as China Property Woes Deepen
(Bloomberg) –Concerns over the financial health of Logan Group Co. have shaken investor confidence in what was seen as one of China’s stronger developers, deepening the turmoil faced by the …
UPDATE 1-U.S. FDA advisers say more data needed for cancer drug tested in China
Feb 10 (Reuters) – A panel of outside advisers to the U.S. Food and Drug Administration on Thursday voted to recommend that Innovent Biologics Inc and Eli Lilly and Co be required to conduct a…
China bans Lithuanian beef, dairy and alcohol, claiming compliance issues and label tampering
China has banned beef, dairy and alcohol imports from Lithuania, in a dramatic escalation in the trade and geopolitical feud between the two countries. In a letter sent by China’s customs …
