Seen against the tech tycoon worship in the West steering market capital into glitzy stocks instead of real economy needs, creating a ‘cult of the equity’, Beijing’s crackdown looks more pragmatic …
FINANCE
Report unveils how cash from Taiwan island into US think tanks results in tougher rhetoric on China
The Taipei Economic and Cultural Representative Office (TECRO) has kept appearing as a major funding source to think tanks in the US, which have made increasingly louder voices to push the US to …
Show us the numbers on China’s economic risks, former finance minister says
China’s economic data should reflect more of the country’s major problems rather than just presenting a rosy picture, according to outspoken former finance minister Lou Jiwei. At a forum held by the …
Crapo: Trade is critical for economic growth and dealing with China
Opinion: China’s encroaching aggression in the Indo-Pacific region is a threat to international and regional security. Trade is critical not just for economic growth and strength, but also in the …
China creates plans for 2022’s financial prosperity
Dec. 10 while the Central Economic Work Conference in Beijing, which takes place every year, came to a conclusion that China’s senior offi …
Global financial crash: China warned industry to be decimated by £41billion debt
CHINA’S real estate market is about to descend into a period of prolonged volatility after developers Evergrande and Kaisa defaulted on interest repayments.
China’s Stats Accentuate Positive, Play Down Negatives, Lou Says
A former Chinese finance minister criticized the country’s statistics for not properly reporting negative economic changes, with the rare harsh public statement from a senior figure highlighting …
Stability Most Important Word for China’s Economy
The most important word for Chinese economic policy in 2022 is “stability,” according to a senior economic official of China’s Communist Party.Most Read from BloombergAnatomy of a Bad RoadThe 15 Best …
China to scrap foreign ownership cap for firms managing US$2.9 trillion in insurers’ assets
In a boost for overseas insurance companies, China is set to scrap a cap on foreign ownership of insurance asset management companies under draft rules announced on Friday.
China supports debt issuance by developers to fund acquisitions: Report
SHANGHAI: A Chinese self-regulatory body overseeing the interbank market will support debt issuance by qualified developers to fund acquisitions of real estate projects and finance completion of …
Evergrande can’t pay its debts. China is scrambling to contain the fallout
Evergrande has defaulted on its debt. Now Beijing is intervening to prevent a disorderly collapse of the indebted real estate group that could wreak havoc on the world’s second biggest economy.
China’s Chip Conglomerate Unigroup Gets State-Backed Investors, Alibaba Out of Deal
A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday. The deal, …
China and Nicaragua re-establish ties in blow to U.S. and Taiwan
China and Nicaragua re-established diplomatic ties on Friday after the Central American country broke relations with Chinese-claimed Taiwan, boosting Beijing in a part of the world long considered the …
