It is “critical” for Washington and Beijing to keep working together on climate finance, US Treasury Secretary Janet Yellen said Saturday, urging deeper cooperation in addressing the “existential …
FINANCE
Outstanding loans of China’s consumer finance firms up 17.5 pct in 2022
Outstanding loans of China consumer finance companies stood at 8349 billion yuan about 1159 billion US dollars by the end of 2
US-China cooperation in climate finance ‘critical’, says Yellen
BEIJING: It is “critical” for Washington and Beijing to keep working together on climate finance, US Treasury secretary Janet Yellen said Saturday, urging deeper cooperation in addressing the …
Yellen Urges China to Step Up Climate Finance Investments
Janet Yellen, the Treasury secretary, said China, the largest emitter of greenhouse gases, can have “greater impact” tackling climate change by working with other nations.
Keeping up pressure, China sends warships and fighter jets near Taiwan during Yellen’s Beijing visit
Taiwan’s Defense Ministry says China has sent 13 aircraft and 6 vessels to airspace and waters around Taiwan as of early Saturday.
China’s banks bear brunt of concerns around growth and debt
Chinese banks are facing increasing risks from rising non-performing loans (NPLs) and diminishing returns, making them a lightning rod for investors’ worries about the world’s second-largest economy.
China’s ‘first warning shot’ on export controls causes 27% jump in price of gallium—a metal vital to tech industries
A piece of liquid gallium. Global gallium prices jumped 27% this week as buyers reacted to China’s move to control exports of the niche metal used in an array of high-tech industries. Beijing’s …
US, China pledge ‘healthy’ economic ties as Yellen visits Beijing
US Treasury head’s trip is latest effort to stabilise relations, but few breakthroughs expected amid ongoing disputes.
Yellen opens Beijing trip by criticizing China on treatment of US companies
Treasury Department Secretary Janet Yellen opened her trip to Beijing by criticizing Chinese treatment of U.S. companies, pointing out the conditions that they have faced while operating in China, …
Goldman’s China banks downgrade based on ‘pessimistic assumptions’ -state media
Goldman said in a report on Wednesday that it had downgraded Agricultural Bank of China (AgBank) from “Neutral” to “Sell,” while cutting Industrial and Commercial Bank of China (ICBC) and Industrial …
Amid clouds of economic uncertainty, China welcomes US treasury secretary with hope – and a rainbow
US Treasury Secretary Janet Yellen stepped off her plane in Beijing after a long flight from Washington to be greeted by smiles – and a rainbow. Yellen touched down in Beijing on Thursday afternoon, …
China wraps up fintech crackdown with big fines on Tencent, Alibaba
The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country’s two digital payments giants.
In Beijing, Yellen raises concerns over Chinese actions against U.S. businesses
“I’ve been particularly troubled by punitive actions that have been taken against U.S. firms in recent months,” Yellen said at a roundtable with U.S. businesses in China.