BEIJING: China and the US have recently engaged in intensive dialogues and communications across multiple fields, involving military, financial and economic aspects.Observers believe the current f …
FINANCE
China’s Top Banks Deal Painful Blow to Russia
The world’s third-largest bank by market capitalization, the Industrial and Commercial Bank of China (ICBC), and three other top lenders have stopped accepting virtually all payments from Russia in order to dodge U.S. punishment for…
China’s economy seeing ‘seismic shifts’ and imbalances like nothing Beijing predicted, senior economist says
Prominent government adviser Liu Yuanchun says the immediate future will be marked by disequilibrium, and more non-economic risks are emerging than economic ones, after first-quarter GDP growth …
IMF Says US, China Debt Pose Risks for Global Public Finances
The world’s two great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by…
Biden’s Push for World Bank Funds to Compete With China Stalls
A US plan to raise billions of dollars in additional resources for the World Bank to counter China’s lending to the developing world has stalled less than nine months after President Joe Biden made it…
WRAPUP 3-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
(Adds Asia investment banking outlook in the 6th and 7th paragraphs; and China IPO data in the 11th paragraph) HONG KONG, April 17 (Reuters) – Morgan Stanley and HSBC are cutting dozens of investment …
China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a …
Chinese automaker FAW’s auto finance unit launches loan with no down payment
The auto finance arm of China’s state-owned automaker FAW Group has launched a loan programme with no down payment, becoming one of the first providers to make such a move since the removal of …
Price Wars, Foreign Counterstrike: What’s Ahead At The Beijing Auto Fair
Beijing will be center of attention in the global auto industry later this month with the opening of China’s most important exhibition this year, Auto China. The stakes are big for domestic brands …
China-US financial group meets in Washington
The China-US Financial Working Group held its fourth meeting co-chaired by Xuan Changneng, deputy governor of the People’s Bank of China, and Brent Neiman, assistant secretary of the US Department of …
China Starts Inspections of Financial Regulators, Largest Banks
China kicked off new anti-graft inspections of some of its largest state lenders, the central bank and key regulators, the first broad probe since a round in 2021 that sent shock-waves through the …
Rinehart’s New Attack On China’s Rare Earth Dominance
Australian iron ore billionaire Gine Rinehart has revealed a 5.82% stake in Lynas Rare Earths, lifting the lid a little more on her rare earth plans.
Report: China continues to subsidize deadly fentanyl exports
Fentanyl made from Chinese chemicals is killing tens of thousands of Americans. A House committee report found new evidence the Chinese government supports tax breaks to subsidize the drug trade.
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