Economists debate the pros and cons of former President Trump’s proposed 60% tariff on all Chinese imports, which could raise prices on American business and consumers.
FINANCE
China Wages Snap Three-Quarter Slide, Signaling Upturn in Labor
Wages offered to new hires in China snapped three quarters of decline in the first three months of this year, suggesting an improvement in the labor market that could boost consumer spending in the …
China’s fiscal revenue down 2.3 pct in first two months of 2024
China’s fiscal revenue fell 2.3 percent year-on-year in the January-February period, but rose 2.5 percent after adjusting on comparable basis, Deputy Finance …
Vietnam wants to take China’s place as a new factory of the world — but a $12 billion financial fraud case is getting in the way
Vietnamese real-estate tycoon Truong My Lan was sentenced to death for her role in a $12.5 billion fraud case.
China’s non-financial ODI up 10 pct in first 2 months
China’s non-financial outbound direct investment (ODI) increased 10 percent year-on-year to 149.64 billion yuan (about 21.09 billion U.S. dollars) in the first …
China c.bank set to leave policy rate unchanged, drain some liquidity
China’s central bank is set to leave a key policy rate unchanged when rolling over maturing medium-term loans on Monday, a Reuters survey showed, while a vast majority of respondents also expect some …
Fitch downgrading cannot impede China’s economy
As such, in the short term, Fitch’s downgrading of the credit rating outlook will not have a substantial impact on the Chinese economy. Whatever impact it may have will be in terms of emotion and…
Is China’s Economy Finally Sprouting Green Shoots?
Hello, this is Allen Wan in Shanghai. I recently arrived back in China’s financial hub after a quick trip over the Qingming holiday to my hometown of New York to pay my respects to deceased…
Uncertainty over China’s debt outlook leads to ratings agency downgrade
China has has its credit rating downgraded after a major ratings agency warned it faces possible uncertainty as it attempts to move away from a reliance on property. US-based Fitch says the sovereign …
China’s policy to boost demand by $700 billion will have a ‘bigger and bigger’ impact, official says
director of the finance ministry’s economic construction department, outlined plans for subsidizing agricultural machinery upgrades and providing tax benefits for water conservation. Fu noted the …
Financial aid backs equipment renewal
China will offer “strong” financial support to promote the large-scale renewal of equipment and the trade-in of consumer goods, and fiscal support from the central government will focus on key areas …
Ray Dalio, Jamie Dimon, Ken Griffin: China, AI, and the global economy
Three heavyweights of global finance have released their latest shareholder updates – we bring you some of the highlights …
UPDATE 1-Biden warns on Beijing’s South China Sea moves in Philippines-Japan summit
Long-simmering tensions between China and its neighbors took center stage on Thursday as leaders of the U.S., Japan and the Philippines gathered at the White House to push back on Beijing’s stepped-up …
