A high-level official with the International Monetary Fund has said if divisions persist between China and the West, the damage that would be done to the global economy would be considerable.
FINANCE
China Offers Cash for Urban Revamp, Testing New Ways to Boost Growth
China will hand out billions of yuan to help cities renovate run-down public buildings and upgrade infrastructure, as policymakers seek ways to inject life into an economy weighed down by a housing …
UBS Raises China GDP Growth Forecast to 4.9% From 4.6% After First Quarter Beat Expectations
according to the chief China economist at the Swiss banking giant. The above expected economic growth and strong export outlook led UBS to upgrade its forecast, Wang Tao, who is also its head of Asia…
US-China economic tightrope: Road to re-globalization
With the Federal Reserve’s latest decision to keep interest rates steady, uncertainty and inflation are themes that continue to ring throughout Wall Street and the world. These were just some of …
Cheer Holding’s Subsidiary Obtained Recognition as Specialized and Innovative Enterprise in Beijing
BEIJING, May 07, 2024 (GLOBE NEWSWIRE) — (NASDAQ: CHR) (“Cheer Holding,” or the “Company”), a technology-driven leading provider of advanced mobile Internet infrastructure and platform services, …
CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter told Reuters. Peer CITIC …
China’s FX reserves decline within controllable range, underpinned by strong economic fundamentals: expert
China’s foreign exchange (forex) reserves totaled $3.201 trillion as of the end of April, down by $44.8 billion, or 1.38 percent, from the end of March, according to data released on Tuesday by the …
‘Fruitful results’: China’s top police chief hails joint crackdown with New Zealand against drug trafficking, fraud
Public Security Minister Wang Xiaohong says ‘candid communication’ between security agencies has helped curb narcotics trade.
America’s China Strategy Has a Credibility Problem
Yet Beijing currently has good reason to doubt the credibility of Washington’s sanctions threats. This is because the United States’s response has been muted in the face of recent Chinese provocations …
We can’t rely on China to stop the fentanyl crisis
Biden, and the next president, must be prepared to defend our citizens from the dangers of fentanyl without help from Chinese law enforcement.
China banks’ $900 bln buffer offers sham comfort
Other risks are piling up: U.S. officials have warned that Washington was ready to take action against Chinese firms supporting Russia’s military, including targeting financial institutions with …
Beijing 2024: Jetour X70 Plus facelift, PHEV versions of the T2 light off-roader and L6 SUV on display
Jetour’s booth at this year’s Auto China featured a few new models, some of which we’ll be covering in this post. The sub-brand of Chery has already announced it will make its public debut in…
Ministry of Defence is ‘hacked by China’ as officials fear names & bank details of UK’s entire armed forces stolen
THE Ministry of Defence has been hacked by China with the cyberattack causing a massive data breach, according to reports. MPs will be informed on Tuesday of the attack which targeted service …
