China’s economy may grow 3% this year as the government ramps up policy support, said Zhang Ming, a researcher at the Chinese Academy of Social Sciences, a top government think tank. ( read original story…
FINANCE
Testing Tradition, Trump Taps US Official to Lead Latin Bank
The Trump administration plans to nominate its top White House official for Latin America to lead the Inter-American Development Bank. ( read original story …)
Why Goldman Is Siding With China on This Huawei Play
Analysts are split over the future of SMIC, a semiconductor foundry that supplies the tech giant. So far, the believers are winning. ( read original story …)
How does China’s people-centric approach work?
China has pledged to eliminate poverty and complete the building of a moderately prosperous society this year, according to a government work report submitted to the third session of the 13th National … ( read original…
Trump administration nominates American to head Inter-American Development Bank, breaking with tradition
The Trump administration said Tuesday it will nominate Mauricio Claver-Carone, the current head of Western Hemisphere affairs at the National Security Council, as president of the Inter-American … ( read original story …)
Brazil 5G tender cannot be swayed by debates over China, says house speaker
A fifth-generation (5G) telecoms tender in Brazil should not be contaminated by ideological battles with China and more competition will lead to better prices for consumers, the head of the lower … ( read original…
Coronavirus speeds up American suppliers’ exodus from China
Seventy-six percent of U.S. CFOs with production in China say at least some manufacturing will shift out of the country. ( read original story …)
Coronavirus latest: Beijing describes new outbreaks in the city as ‘very severe’
ECB’s Fabio Panetta says the governing council ‘if necessary’ will discuss purchasing bonds that have lost their investment grade rating, a drop in demand for oil looks set to last into 2021 and econo ……
CORRECTED-China reports 40 new coronavirus cases in mainland, 27 in Beijing
Mainland China reported 40 new confirmed coronavirus cases for June 15, down from 49 a day earlier, the National health authority said on Tuesday. The NHC reported 8 new imported coronavirus cases in … (…
China Churns Out Record Steel in May as Demand Picks Up
A recovery in construction and manufacturing activities from the coronavirus-led slump is driving demand for steel in China. ( read original story …)
Don’t Believe the China Hype
The coronavirus pandemic seems to cement the notion that China is replacing the United States as the world’s premier economic superpower. Should we have expected anything else? After all, as the … ( read original…
China’s Tencent Video Eyeing Takeover of Streaming Rival iQIYI (Report)
Chinese social media and entertainment giant Tencent may be eyeing a move to take over rival video streaming firm iQIYI. A combination of the two would a create streaming platform comparable in … ( read…
China says asks Canada to investigate pests found in logs
China’s foreign ministry has asked Canada to investigate pests found in shipments of logs, spokesman Zhao Lijian told reporters at a daily briefing on Tuesday. BEIJING, June 16 (Reuters) – China’s … ( read original…
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