Simon McDonald says his former department and Cabinet Office are vying for control … ( read original story …)
FINANCE
China banking regulator finds $42.6 million in misappropriated loans in property: state media
BEIJING (Reuters) – China’s banking regulator has found 277 million yuan ($42.6 million) in loans misappropriated for use in the housing market in the southern state of Guangdong, reported the … ( read original story…
China slams US plan to expel phone carriers in tech clash
China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal … ( read original…
China Raises Stakes for U.S. Meeting With Trials in Huawei Feud
In February, the cases led Canada to convene an international group opposing to the use of arbitrary detention as a coercive diplomatic tool, an initiative denounced by China as “hypocritical and … ( read original…
China sets court hearings for two Canadians charged with spying
China arrested the men in December 2018 soon after Canadian police detained Meng Wanzhou, the chief financial officer of telecoms giant Huawei Technologies Co Ltd, on a U.S. warrant. She is under … ( read…
Why China is cooling, not deflating, the property market bubble
Beijing depends on China’s property bubble for revenue and has been managing it by keeping a lid on inflation. But the yuan’s soft peg to the dollar means Washington’s decisions – and addiction to ……
China Slams Xiaomi-Backed Online Lender XW Bank Over Violations
China’s banking regulator lashed at an online lender backed by Xiaomi Corp. over a range of violations, in the latest sign of intensifying scrutiny on the financial operations of the nation’s … ( read original…
China sets court hearings for two Canadians accused of spying
Two Canadians detained by Beijing more than two years ago on suspicion of espionage will go before Chinese courts starting this week, Canada’s government said on Wednesday, once again ramping up … ( read original…
Goldman, Citi Lead U.S. Banks Plowing Billions Into China
Goldman Sachs Group Inc. led U.S. banks plowing billions of fresh cash into China last year, undeterred by political turmoil as the world’s second-largest economy further opens its $50 trillion … ( read original story…
Yum China to Report First Quarter 2021 Financial Results
Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, “Yum China” or the “Company”) today announced that it will report its unaudited financial results for the first quarter ending March 31, 2021 at … (…
Biden’s ‘allies first’ approach puts pressure on Beijing to behave
China’s coercive treatment of Australia and other allies is being weaponised by the new US administration ahead of a tense meeting of Washington and Beijing’s top diplomats in Alaska. ( read original story …)
China’s Stock Volatility Contrasts With Calm in Bond Markets
As rising U.S. Treasury yields and potential credit tightening in China expose Chinese stock traders to wild market fluctuations, their bond peers are enjoying a period of relative calm.A measure of … ( read original…
Taiwan bolsters S.China Sea deployments, gets U.S. submarine parts approval
TAIPEI, March 17 (Reuters) – Taiwan’s newly-appointed defence minister said on Wednesday it has strengthened deployments in the disputed South China Sea and that the United States has approved the … ( read original story…
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