A fiscal gulf exists between China’s central and local governments, and it is seen as a hurdle to healthy and sustainable development ahead of the third plenum.
FINANCE
China’s Third Plenum: Beijing set to provide more welfare to its citizens
The Third Plenary Session of the 20th Central Committee will focus on deepening comprehensive reform to advance Chinese modernisation.
China Sets the Stage for the Third Plenum by Unveiling Financial Reforms and Monetary Policy Direction
At the Lujiazui Forum, China’s central bank chief hinted at an expanded monetary policy toolkit, while the CSRC chair emphasized support for “hard tech” and the fostering of patient capital.
China asks Visa, Mastercard to cut card fees, Bloomberg News reports
China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country, as part of an effort to facilitate payments for foreign visitors, Bloomberg News reported, citing a …
China needs to work for more ‘visible’ deliverables before US presidential election: expert
As US political rhetoric coarsens, a Tsinghua scholar says Beijing must take concrete action to improve exchanges and dialogue with Washington.
The Beijing parking row that ignited debate on diplomatic immunity
A Beijing woman has apologised and been fined after she insisted that diplomatic immunity allowed her to park in the middle of a road and block traffic. In a video circulated online, the woman, who…
Market turmoil as China warns of possible ‘trade war’ with EU amid proposed EV tariff
A trade war between the European Union and China escalated over proposed tariffs on electric vehicle (EV) imports.
China retaliates against Lockheed Martin for arms deals with Taiwan, banning 3 top executives and key business units
Wang Yi serves as China’s Foreign Minister. The Foreign Ministry announced sanctions against Lockheed Martin in response to arms deals with Taiwan. Nathan Laine—Bloomberg/Getty Images China said …
Europe is going to lose its trade war with China
The West needs to stand up to China, but Europe, including the UK … Just take a look at the way the German finance minister Robert Habeck was on his way to Beijing this weekend…
China Invested More Than $230B Over Last Decade To Develop Its EV Industry, Study Finds
It has been revealed that China has invested a staggering $230.8 billion over the past decade to cultivate its electric car industry.
China asks Visa, Mastercard to cut transaction fees, Bloomberg News reports
China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country, as part of an effort to facilitate payments for foreign visitors, Bloomberg News reported, citing a …
Stronger monetary, fiscal policy coordination urged as China’s treasury-bond trade nears
With Beijing set to overhaul its monetary tools by restarting treasury bonds purchases in the secondary markets, China’s central bank and finance ministry are expected to dovetail efforts to support …
China to Continue Reducing Holdings of USD Assets
ANZ thinks China will continue to increase the use of CNY in conducting trade, which would help enhance monetary policy independence and support a greater tolerance for exchange-rate volatility.
