Near the end of three years as the United States’ chief representative in Taiwan, Sandra Oudkirk has some parting advice: Avoid panic about China’s combative language and moves, but don’t grow numb to the risks.
FINANCE
China needs consumption surge for full-blown economic recovery, researcher says
Zheng Xinli, a former researcher with China’s Communist Party, has advocated for robust incentives to spur consumption and buoy the country’s service sector, part of a plan to build up new economic …
House panel to scrutinize China’s semiconductor, drone industries
A planned hearing organized by the House select committee on China will also examine China’s dominance in shipbuilding.
China Police Probe Drug-Related Money Laundering Operation After US Tip
Chinese state media said in a brief dispatch that, following U.S. tip-offs, an investigation found that since 2017 a man surnamed Tong started a car dealership in the U.S. to sell vehicles and offer …
China to Step Up Supervision of Nasdaq-Style Star Market
China’s securities regulator plans to step up oversight on companies listed on the Star Market, as part of reform measures to contain market volatility.
China’s central bank vows supportive monetary policy but dismisses dramatic easing measures
China’s central bank governor has pledged to continue accommodative monetary policies to jolt the economy, but he also doubled down on long-maintained intentions to avoid Western-style quantitative …
China ups efforts to build Shanghai into strong international financial center
BEIJING — China has intensified moves to develop its Shanghai municipality into a “strong international financial center” as part of the efforts to build up financial strength and promote high-level …
China central bank boss says no major stimulus to boost economy
The country’s recovery from the impact of Covid has slowed in the months since it abruptly lifted tough restrictions in late 2022, with a property crisis and tepid consumer demand weighing on growth.
Bond Trading by China’s PBOC Wouldn’t Be Quantitative Easing, Gov. Says
The People’s Bank of China and the finance ministry are studying ways to include treasury bond trading in its policy tool kit, said PBOC governor Pan Gongsheng in a finance forum on Wednesday. He …
China Studying Implementation of PBOC Bond Trading, Pan Says
(Bloomberg) — China’s central bank chief said it is studying how to implement government bond trading with the finance ministry, while rejecting the idea the practice would equate to quantitative …
Russia’s biggest private lender is expanding to China after being hit by US sanctions
Russia’s largest private lender, Alfa Bank PJSC, is planning to expand its business in China. Alfa Bank, owned by the sanctioned Russian oligarch Mikhail Fridman, is now applying to build offices in …
Industry association rolls out proposal to cut bank card payment fees, facilitating payments for foreigners in China
China’s payment industry group, Payment & Clearing Association of China (PCAC), issued a proposal on Tuesday calling for cuts to bank card payment fees across the country in order to improve the …
China Should Break QE Taboo, Widen Deficit, Ex-PBOC Adviser Says
China should shake off its “taboo” regarding quantitative easing — the once-unorthodox central bank policy of buying government bonds — and recognize that it may be necessary in the interest of …
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