Many expected China to provide such an updraft to poorer countries. Now they have doubts. Despite China’s rising wages and sophistication, it “still commands a historically unusual share” of low-end …
FINANCE
China’s yuan hits 3-year high as global banks issue bullish forecasts
Beijing has set the yuan at its strongest level against the US dollar since early 2023, with banks projecting further appreciation.
China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
China Bank Savings’ Q1 profit up 11.5%
CHINA BANK Savings, Inc. (CBS), the thrift banking arm of listed China Banking Corp. (Chinabank), saw its net profit rise by 11.5% year on year to P631.2 million in the first quarter, supported by the…
China leaves lending benchmarks unchanged for 12th month in May
China left benchmark lending rates unchanged for the 12th consecutive month in May on Wednesday, in line with market expectations.
Morgan Stanley gives Hong Kong bankers restricted devices for China travel
Five people familiar with the matter told the FT the devices have “limited functionality”, with access only to “work emails and online meeting apps”.
G7 finance ministers urge action on economic imbalances, some point to China
France’s finance minister urged the International Monetary Fund and the World Bank to do more to help countries most vulnerable to the fallout from the Middle East conflict, as he hosted ministers …
China lags the US in financial power, expert argues
While China and the US are commonly cast as rivals on equal footing, Beijing remains fundamentally outmatched by Washington’s financial power.
US and China remain world’s two economic giants, built in different ways
Together, China and the United States shape global trade, supply chains, financial markets and consumer prices. But while the U.S. and China are economic superpowers, the way their economies function …
Milei guts China currency lifeline after Trump ultimatum on financial ties: reports
Central bank records show the swap balance fell to US$675 million as Washington pressed Buenos Aires to wind it down.
Beijing Teases Washington With Rare-Earths Concessions
What’s being “addressed” in this latest summit deal isn’t a single policy, but a multi-layered system of controls that China has built specifically to serve as diplomatic leverage.
China will remain an ‘incomplete superpower’ until it can catch up with US financial might, market veteran says
“For decades, it has kept its financial system more tightly sealed than any other major nation.” …
China will remain an ‘incomplete superpower’ until it can catch up with U.S. financial might, market veteran says
President Donald Trump’s summit with Chinese counterpart Xi Jinping ended last week without a major breakthrough, but still achieved Beijing’s goal of putting itself on equal footing with the U.S.
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