In response, President Xi Jinping pledged to implement green investment standards to his signature development finance initiative, now officially entering its 11th year. Vice President Han Zheng said …
FINANCE
China’s 8 Steps To Boost Economies
Chinese President Xi Jinping has announced that 350 billion Yuan will be earmarked to boost the economies of developing countries, and he unveiled eight new …
Vladimir Putin gets diplomatic stage at belt and road gathering in Beijing
Shunned by the West, Russian president goes on charm offensive as he meets leaders of Thailand, Vietnam, Indonesia and EU nation Hungary.
China’s Economy Is Doing a Little Better. Why It Won’t Lift Stocks.
C hina’s economy grew more than expected in the third quarter, potentially creating a floor for the country’s beleaguered stocks. But investor wariness about geopolitics—on top of concerns about China …
Xi Jinping touts China as ‘alternative to US-led world order’. Can Beijing overcome the headwinds?
China’s Xi Jinping hosts Belt and Road Forum in Beijing. Xi Jinping aims to project China as alternative leader to US. China faces challenges at home but aims to gloss over them …
Xi and Putin Scratch Each Other’s Backs in Beijing
The Chinese leader told his “old friend” the Russian president to defend fairness and justice amid the Gaza conflict.
China boosts Argentina’s access to the yuan under currency deal as peso plummets
China boosted Argentina’s access to the yuan under a currency swap deal. Argentina’s president said the country can now tap $6.5 billion worth of yuan, up from $5 billion. The move comes as Argentina …
Nvidia thought it found a way around U.S. export bans of AI chips to China—now Biden is closing the loophole and investors aren’t happy
Problem solved, right? Now the Biden administration wants to put a stop to the AI gravy train that rocketed Nvidia’s market cap into the $1 trillion stratosphere, since it might inadvertently bolster …
S’pore officials stress supply chain resilience, green financing at Beijing forum
Singapore ministers have reiterated the Republic’s support for China’s Belt and Road Initiative (BRI) at a high-level forum in Beijing, while also stressing the need to strengthen global supply chains …
China orders banks to refinance local debts – Why?
China, the world’s second-largest economy, is wrestling with an escalating dilemma: a skyrocketing local government debt, jeopardizing its fiscal stability. This debt has arisen from a cocktail of a …
The Lex Newsletter: China weighs up fast-food stocks vs pharma stocks
Investors believed Chinese companies would make a local version of the drug. Shares in Xinjiang Bai Hua Cun Pharma Tech, Cheng Du Sheng Nuo Biotec and Hebei Changshan Biochemical have soared. The …
Capacity-Building Alliance of Sustainable Investment (CASI) announced in Beijing
China’s leading green finance think tank, the Beijing-based Institute of Finance and Sustainability (IFS), unveiled a global initiative on sustainable finance capacity building for emerging market and …
ASIA China GDP eyed as global cross currents swirl
Asian financial markets brace for Chinese GDP figures on Wednesday, the key number in a batch of Chinese indicators to be released as investors also try to navigate a heavy flow of global economic, …