China’s pledge to become carbon neutral by 2060 poses an existential threat to polluters that could have ramifications for the financial sector, a former central bank adviser said.
FINANCE
China Needs Structural Reform for Economy, Ex-IMF Official Says
China faces huge structural problems in its economy as the government fell back to its old playbook of investment-driven growth last year, said Zhu Min, a former deputy managing director of the …
The Middle East of batteries? U.S. lawmakers race to counter China’s dominance
Washington is racing for money to build batteries for cars and the electric grid, but despite the bipartisan “Buy American” rhetoric, not enough may be done to counter China’s lead.
For Huarong, China’s biggest bad bank, it’s bailout or bust
China’s biggest bad bank, which was created in 1999 to take bad assets from the country’s biggest bank, has degenerated into a really bad bank after 22 years, and it may need to rescued by…
Why China ‘Bad Bank’ Huarong’s Fall Is Big Bad News
What happens when a company set up by the Chinese government to help clean up toxic debt in the country’s banking system gets into trouble itself? It seems we’re about to find out. Investors were…
China economy: benchmark loan rate kept steady for 12th straight month
China’s one-year loan prime rate (LPR) was kept at 3.85 per cent, while the five-year LPR remained at 4.65 per cent.
China Stock Market Has A Red Light For Tuesday’s Trade
The China stock market has moved higher in two straight sessions, gathering almost 80 points or 2.3 percent along the way. The Shanghai Composite Index now rests just above the 3,475-point plateau …
Taiwan seizes chance to host foreign reporters kicked out of China
Taiwan is courting journalists fleeing China, spotting an opportunity to boost its visibility and build international support as concerns mount that Beijing is flirting with the idea of invading the …
China-Australia relations: what’s happened over the past year, and what’s the outlook?
China and Australia have been locked in a trade dispute for the past year that shows little sign of easing, raising questions about whether the trading relationship can be restored.
China May Take Digital Yuan For Test Run In 2022 Beijing Olympics
After launching a digital yuan trial last year in various cities, China may expand the test to the Olympics by letting foreign athletes and visitors use it.
Fitch Maintains RWN on Beijing Capital Land’s Keepwell Notes
Fitch Ratings has maintained the Rating Watch Negative (RWN) on the ‘BBB’ rating of Central Plaza Development Ltd’s USD450 million senior notes due 2025 and the ‘BB+’ rating on its USD500 million …
China’s record fine against Alibaba spells the end of Big Tech’s romance with the state
Recent actions against internet giant Alibaba may signal the beginning of the end of the romance between Chinese Big Tech and the government.
China’s digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics
The Beijing Olympics would be the first time international visitors could use the digital currency, which is designed for domestic use.
