A financial crisis triggered by a partisan impasse over the debt ceiling, analysts say, would have disastrous consequences for the U.S. economy as well as the markets of its allies and adversaries, …
FINANCE
China Vows to Stabilize Growth, Curb Risks by Boosting Audits
China pledged to step up auditing work this year to ensure that Communist Party officials are enforcing the nation’s major policy initiatives, including stabilizing economic growth, employment and …
China Hopes World Has Adequate Immunity from Effects of Debt-Driven US Financial Risks
China has expressed the hope that the United States, as the world’s largest economy, will not attempt to shift its financial risks onto the international community, Chinese Foreign Ministry …
Chinese banks seek to nurse bruised interest margins with deposit-rate cuts as slowing economy bloats savings
China reforms bank deposit rate regime to unleash liquidity for businesses Starting Monday, the four largest state-owned banks have been urged to lower the deposit rate ceilings on some agreement …
Three things to know about China’s new financial commissions
China’s overhaul of its financial regulatory system is gathering pace. The new State Administration for Financial Regulation (SAFR) under the State Council, which is tasked with overseeing the …
China Development Bank sets up special loans for China-Central Asia cooperation
BEIJING, May 22 (Reuters) – China Development Bank has set up 10 billion yuan ($1.45 billion) worth of special loans for China-Central Asia cooperation, the Shanghai Securities News reported on Monday …
Micron expects revenue impact following China ban
U.S.-based Micron Technology Inc on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sale of its memory chips to key domestic industries …
China’s Iron Fist: Geopolitical Tensions Make it Hard to do Business
Within the financial sector, China is carrying out a sweeping crackdown on high-ranking domestic officials, with a definitive chilling effect on investor confidence. Dozens of officials have been …
China’s economy has turned rotten and its reopening boom is a ‘charade,’ market expert says
“A growth model dependent on stimulus and debt was always going to be unsustainable, and now it has run out of steam.” …
Hong Kong stocks climb from 2-month low as Beijing’s ban on Micron Technology propels rally in Chinese chip makers
Hong Kong stocks climbed from a two-month low on Monday morning as Beijing’s ban on Micron Technology over security concerns propelled a rally in Chinese chip makers.
Analysis-China’s Micron ban highlights chipmakers’ dilemma as Sino-U.S. tensions grow
A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration …
‘Deepfake’ scam in China fans worries over AI-driven fraud
A fraud in northern China that used sophisticated “deepfake” technology to convince a man to transfer money to a supposed friend has sparked concern about the potential of artificial intelligence (AI) …
Berkeley’s $220M Mistake Exposed in Massive Deal With China
Still, Berkeley’s ties to the Chinese government and sanctioned Chinese companies are sure to raise eyebrows in Washington, where U.S. policymakers are increasingly concerned about the outflow of U.S.