US Treasury chief Janet Yellen warned during a visit to China on Friday that Beijing’s subsidies for industry could pose a risk to global economic resilience.Yellen arrived in the city of Guangzhou on …
FINANCE
China’s central bank sees resolve for stable yuan, stimulus tested as Fed holds firm on rates
In an uncertain monetary environment where the Federal Reserve has yet to announce interest rate cuts, China’s central bank is seeing potential moves to increase activity constrained by pressures on …
Treasury Secretary Heads to China for Discussions on Trade, Anti-Money Laundering, and Chinese ‘Overproduction’
As Treasury Secretary Janet Yellen embarks on a visit to China, the dynamics of the world’s two most … aims to discuss many contentious issues with Chinese financial leaders, reflecting a …
Exclusive: Banking bottleneck causing six-month delays for Russia-China payments, sources say
As the threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one Russian bank with a Chinese branch and facing up to six months of …
Janet Yellen in China: US treasury secretary aiming to keep trade relations on firmer footing
Yellen arrived in southern Chinese city of Guangzhou Thursday evening on first leg of her week-long trip Industrial overcapacity, global financial stability and ‘unfair trade practices’ among top …
Why are China’s banks invisible on the world stage?
The forerunner of BNP Paribas, CNEP, set up shop in 1860 in China and India, to finance cotton imports into France. Citi, arguably the US’s most recognisable and influential financial operator, …
Yellen in China to press officials on industrial subsidies
GUANGZHOU: US Treasury Secretary Janet Yellen arrived in China’s Guangzhou on Thursday for meetings to press Beijing over fears the country’s industrial subsidies for green energy, cars and batteries …
China’s Communist Party finance organ draws institutional road map for sector
The Central Financial Commission, China’s major party organ overseeing the financial industry, has put forward its plan for the future orientation of the sector – and the reform necessary for it to …
Yellen heads to China eying ‘overcapacity’ concerns
Yellen will then head to Beijing for talks with Premier Li Qiang, Finance Minister Lan Fo’an and central bank governor Pan Gongsheng, according to the Treasury Department. Among the topics to be …
China’s support wanes. Financial strains hit Putin amid sanctions
President of China, Xi Jinping, has steadfastly supported Vladimir Putin through the years. Yet, as German media suggests, economic ties are increasingly strained by Western sanctions, framing China’s …
China’s central bank says it will make efforts to expand demand, boost confidence
China’s central bank will accurately and effectively implement prudent monetary policy, pay more attention to counter-cyclical adjustments and make efforts to expand domestic demand and boost …
China Central Bank Sharpens Focus on Economy’s Short-Term Woes
China’s central bank vowed to get more out of its existing pro-growth policies, acknowledging that the economy is suffering from subdued demand and downbeat sentiment despite some signs of improvement …
China eases car loan policy for first time since 2018 to boost demand
China’s central bank on Wednesday announced revisions to car loans to promote auto trade-ins and scrap government-set minimum down payments for consumers financing new car purchases. The revisions, …
