Treasury Secretary Janet Yellen called out China’s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it …
FINANCE
Luzhou Bank’s profit growth looks sweet, but could mask souring loans
Things can be even trickier for China’s hundreds of regional banks, which are often at the confluence of a wide range of competing forces, including serving local powerbrokers while also trying to …
In Beijing, Dutch PM raises cyberespionage with China’s Xi
Dutch Prime Minister Mark Rutte said he had discussed an incident of cyberespionage the Netherlands has blamed on the Chinese state during talks with President Xi Jinping on Wednesday. Chinese …
China has ample policy room, advantages to boost economy despite challenges
However, another type of policy that will become increasingly important in the coming years is that China’s public finance will increasingly lean toward social welfare. This trend is already evident.
China’s banks have a bad-debt problem
To regulators it may seem as if banks involved in such transactions are solving their bad-debt problems; in reality, they are concealing them. As Ben Charoenwong and Ruan Tianyue of the National …
China’s Bank of Communications posts slight profit gain, warns of property risks
CHINA’S Bank of Communications (BoCom), said on Wednesday (Mar 27) it needed to improve risk control of its property-sector related business, …
China Could Boost GDP By 20% If It Shakes Up Economy
With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario,” said IMF Managing Director Kristalina Georgieva.
China’s president tells America’s CEOs: Don’t stop investing here
Twenty U.S. executives — all men — including Stephen Schwarzman, founder and CEO of Blackstone, Cristiano Amon, president and CEO of Qualcomm, and Rajesh Subramaniam, president of FedEx, met with Xi, …
Stocks look to end losing streak, China’s Xi meets with US CEOs: Yahoo Finance Live
Executives, Wall Street is looking to shake off recent losses. After closing at record highs last week, the major indices (^DJI, ^IXIC, ^GSPC) are currently on a three-day losing streak. Investors are …
China’s Xi warns against tech ‘confrontation’ in talks with Dutch PM
Creating technological barriers and severing industrial supply chains would only lead to confrontation, Chinese President Xi Jinping warned on Wednesday, as new Dutch policies on chip exports to China …
Dutch leader is visiting Beijing for talks on Ukraine, Gaza and restrictions on high-tech exports
Dutch Prime Minister Mark Rutte is meeting with Chinese leaders Wednesday for talks that are expected to include the wars in Ukraine and Gaza and Dutch restrictions on the export of semiconductor …
China calls for ‘critical’ IMF reforms to mirror economic prowess, a collective Asian voice
People’s Bank of China governor Pan Gongsheng tells the Boao Forum for Asia on Wednesday that established international institutions, including the International Monetary Fund (IMF), are in need of …
Exclusive: Russia struggles to collect oil payments as China, UAE, Turkey raise bank scrutiny
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions,…
