President Xi Jinping’s Belt and Road Initiative & cheque-book diplomacy face real-world test of post-Covid financial distress, as nations indebted to China are confronted with default on loans.
FINANCE
Silence of China’s central bank adds to risks facing economy
PBOC should remember key lesson from Japan’s ‘lost decade’ …
The Late Arrival Of Foreign Competition In China’s Payments Market
As recently as four years ago, we might have said otherwise, but then the pandemic happened, and China’s economy slowed down more quickly than anyone expected. While the Chinese economy is now …
China-Germany relationship to hit new heights, says Chinese Premier Li Qiang after meeting SDP delegation in Beijing
Beijing stands ready to propel its strategic partnership with Berlin to new heights, Chinese Premier Li Qiang said during a meeting with a delegation from the ruling German Social Democratic Party two …
Beijing tells banks to cut rates for Chinese savers in bid to boost flagging economy
Beijing has asked banks to slash deposit rates for savers in an attempt to kickstart China’s weak growth. The authorities have issued guidance for China’s largest banks to pay savers less interest for …
Exclusive-China’s state banks told to lower cap on dollar deposit rates – sources
A Chinese self-regulatory body overseen by the central bank has told major state-owned banks to lower dollar deposit interest rates, four people with direct knowledge of the matter said on Tuesday, in …
China Asks Big Banks to Cut Deposit Rates to Boost Growth
Chinese authorities asked the nation’s biggest banks to lower their deposit rates for at least the second time in less than a year, according to people familiar with the matter, marking an escalated …
China Asks Big Banks to Cut Deposit Rates Again to Boost Economy
State-owned lenders including Bank of China Ltd., Industrial & Commercial Bank of China Ltd. and Bank of Communications Co. were last week advised to cut rates on a range of products, including on …
Living the ‘Chinese Dream’: Beijing’s new world order
As Beijing boosts its diplomatic clout, analysts say it wants to “remould” and even supplant existing institutions.
UPDATE 1-China, U.S. talks in Beijing strike upbeat tone but risks remain
(Changes media keyword from CHINA-USA, adds comments from Kritenbrink in paragraph 12, Chinese state media in paragraphs 10-11) By Laurie Chen and Ryan Woo BEIJING, June 6 (Reuters) – Meetings between …
How J.P. Morgan’s Jamie Dimon Bows to Beijing
CEO of JP Morgan Chase and former board member of the Federal Reserve Bank of New York, Jamie Dimon is recognized as the nation’s preeminent banker. Since 2005, when he became head of JP Morgan,…
Top asset manager says pension fund clients are turning skittish on China – ‘There is a very real geopolitical risk’
“They’re very conscious of the risks they are running. There is a very real geopolitical risk that has been added to the proposition.” …
US’ Taiwan envoy urges Beijing to keep communication lines open to avert conflict
Washington and Beijing must maintain a smooth channel of communication to avoid conflict, the US’ de facto envoy to Taiwan said on Monday at the start of a six-day visit to the island. Laura …