That’s the conclusion of foreign-exchange analysts at Bank of America, who argue that a Chinese digital currency might be welcomed by regional trading partners as payments become increasingly … ( read original story …)
FINANCE
Communist China won’t change — until its people and the West demand it
The long-term prospect for a peaceful world with an aggressive, communist China is not achievable. ( read original story …)
Chinese punters swallow Beijing’s bull shift
Beijing has shown up the Federal Reserve on how to really operate … The rebound has been assisted by the People’s Bank of China easing monetary policy across important rate benchmarks like the loan ……
Beijing Reaches Milestone; Bolsonaro Tested: Virus Update
(Bloomberg) — Beijing reported no new Covid-19 infections for the first time in nearly a month, but the pace of new cases from Tokyo to Australia is raising concerns about a fresh virus wave. U.S.…
Tech and scientific workers overtake finance professionals as highest-paid jobs in China
Average annual salaries of China’s scientific researchers exceeded that of finance professionals for the first time last year, according to new survey … ( read original story …)
China shares rally, Asian stocks take a breather
The Chinese share market extended its positive run on Tuesday, in line with the mainland government’s push for a stronger market, while the rest of the region turned cautious on equities. MSCI’s broad … (…
Beijing tops annual average salary rankings in China
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies] Beijing topped the annual average salary rankings in China in both the nonprivate and private sectors … ( read…
China Tries to Cool Down an Easy-Money Financial Trade
Companies borrowing to put money into a hot financial product called structured deposits may be holding back a recovery. ( read original story …)
China Shares Climb Even as Global Rally Pauses: Markets Wrap
The global equity rally paused Tuesday after a strong start to the week Monday, with the notable exception of further gains in China. The dollar pared losses. ( read original story …)
The Central Axis of Beijing: The cultural charm of balance and harmony
A news report by China.org.cn on the charm of Beijing’s Central Axis: On Jun. 13, the city of Beijing held a livestream event to celebrate the Cultural and Natural Heritage Day, introducing the city’s ……
Pintec Announces Industrial and Commercial Bank of China’s Successful Implementation of its SME Risk Management Solutions
ICBC has adopted and implemented Pintec’s SME risk management solutions for its micro- and small-sized (“SME”) lending business, further enhancing the effectiveness of its lending services for SME … ( read original story …)
As China tightens its grip on Hong Kong, it’s also paving the way for money to flow into the city
Investors and foreign companies have been wary that Hong Kong’s status as a financial hub would be eroded, as China moved to implement a controversial national security law on the city last week. ( read…
Wall Street jumps on strong services sector, hopes of China recovery
The Institute for Supply Management’s (ISM) non-manufacturing activity index almost returned to its pre-COVID-19 pandemic levels last month, jumping to a reading of 57.1, the highest since February, … ( read original story …)
