Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. (…
FINANCE
Michael Pettis Chimes in China’s Growth and Debt
Morgan Stanley and the IMF are too high says Michael Petts at China Financial Markets. Longer term, Pettis forsees a surge in debt. ( read original story …)
China lobby tells UK: Embrace Beijing or ‘suffer’ business backlash
The UK will lose billions of pounds in private sector investment if it does not reverse its growing hostility toward China, according to a pro-Beijing business lobby. The China Chamber of Commerce in … (…
China Evergrande Gets $4.6 Billion Lifeline from State Firms
Firms owned by the city governments of Shenzhen and Guangzhou will buy equity worth 30 billion yuan ($4.6 billion) from existing investors in Hengda Real Estate, a unit that holds Evergrande’s main … ( read…
China central bank officials see bigger global role for yuan as US dollar wanes
US dollar in the international monetary system expected to decline, two Chinese central bank officials said on the weekend. Ding Zhijie, head of a research centre at the State Administration of … ( read original…
China Vice Premier Liu He vows zero tolerance for misconduct after recent bond defaults
China will show “zero tolerance” for misconduct following a recent string of bond defaults, a meeting of the Financial Stability and Development Committee chaired by vice premier Liu He said. ( read original story …)
Debt assistance worth $2.1b given to poor nations, says finance minister
China has provided debt relief worth $2.1 billion to lower-income countries under the G20 framework, the highest among G20 members in terms of deferral amount, Finance Minister Liu Kun said on Friday. ( read original…
What Africans really think about China’s role in Africa
First, there is no monopoly or duopoly of influence in Africa. Beyond the US and China, there is a mosaic of actors, both African and non-African … ( read original story …)
Beyond Meat Faces an Ancient Rival in China — Tofu
The original plant-based protein has been a central feature of mainland cuisine since the first millennium. Why would tastes change now? ( read original story …)
China’s Rise and the New Age of Gold ~ How Investors Can Profit from a Changing World By World
China’s growing role in the global economy is showing no sign of retreat. Indeed, recent events have only increased China’s influence—to the point where China is poised to edge out the United States … (…
China’s financial cloud market maintains sound growth in H1: report
China’s financial cloud market has maintained sound growth in the first half of the year (H1) despite the impact of COVID-19, data from an industrial report showed. The scale of the country’s … ( read…
China’s non-financial ODI down 3.2% from January-October
BEIJING — China’s non-financial outbound direct investment (ODI) declined 3.2 percent year-on-year in the first 10 months of 2020, official data showed on Thursday. ODI amounted to 602 billion yuan … ( read original story…
China says has given $2.1 billion of debt relief to poor countries
China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among the group’s members in terms of the amount deferred, the country’s … ( read original…
