Expanding this year’s fiscal deficit to support smaller businesses and removing restrictions on homebuying should be feasible policy options for China to adopt in order to bring economic recovery back on a more solid track,
FINANCE
Yellen refuses to rule out a recession: ‘Not completely off the table’
Monthly job growth is slowing as expected after holding at a “high level,” she said from Beijing after meeting with top Chinese leaders. “We have a healthy economy, a great labor market, inflation too high,…
Janet Yellen confronts China: Criticizes treatment of U.S. firms in high-stakes Beijing visit
Beijing’s military expansion and other irritants. On Friday, Yellen met with the outgoing governor of China’s central bank, Yi Gang, and former Vice Premier Liu He, previously her counterpart in finance talks, according to the…
Yellen calls ‘direct’ and ‘productive’ Beijing talks a step toward ‘surer footing’ for U.S.-China ties
“The world is big enough for both of our countries to thrive,” U.S. treasury secretary says after 10 hours of meetings with senior Chinese officials.
Yellen says ‘direct’ and ‘productive’ Beijing talks a step forward in putting U.S.-China ties on ‘surer footing’
Yellen is the second member of the Biden administration to visit Beijing after Secretary of State Antony Blinken’s visit last month.
Yellen says ‘significant disagreements’ remain in US-China relationship, but sees ‘progress’
U.S. Treasury Secretary Janet Yellen said her meetings with senior Chinese officials were productive but that the countries remain at odds on several issues.
China’s State Financial Sector Gears Up for One of Its Most Challenging Years
Executives employed in China’s state-owned financial institutions are preparing themselves for an exceptionally challenging period in the financial sector.
Janet Yellen in China Treasury Secretary Mends Fences in Beijing
That is at least in part because China is facing a debt bomb at home: trillions of dollars owed by local governments, their mostly off-the-books financial affiliates, and real estate developers. One of the main…
Yellen nudges China on climate finance cooperation during Beijing visit
Treasury Secretary Janet Yellen urged global financial cooperation on climate change Saturday, calling on China to contribute to international development funds during her visit to Beijing. In her remarks at a climate finance roundtable, Yellen…
Chinese-led Asian Infrastructure Investment Bank says it found no evidence it is dominated by Communist Party
The bank said it launched an internal review after former communications chief Bob Pickard quit, citing party influence and a ‘toxic culture’ Pickard says the review is a ‘joke’ and said had left …
China has been secretly fueling a renewable energy boom in Latin America—just look at Chile
Chile’s President Sebastian Pinera, right, and Chinese President Xi Jinping, left, attend the welcome ceremony at the Great Hall of People in Beijing, China on April 24, 2019. The story of renewable energy’s rapid rise…
US Treasury Secy In Beijing, Urges China To Contribute More To Climate Finance Funds
While China has expressed support for programmes aimed at helping poorer countries address climate challenges, it has been reluctant to contribute financially.
Yellen: Cooperation between Beijing and Washington is “essential” to finance climate change
The US Treasury Secretary, Janet Yellen, affirmed on Saturday during her second day of the visit to Beijing that cooperation between China and the United States is “essential” for financing climate …