Economic policymakers see a pivot towards investment in ‘new productive forces’ as necessary if China is to become a ‘medium-level developed country’ But if Chinese workers were to make less and buy …
FINANCE
China In Trouble – Borrows To Buy Stocks And Boost Market Says Rich Dad Poor Dad Author
Further, China intended to tighten its financial industry, including cutting down sell-offs in its stock market. A report from BBC News revealed this development, highlighting a loss of almost $6 …
China’s Xi set to meet with international CEOs
China’s leader, Xi Jinping, may be hoping the personal touch will help stop his country’s financial bleeding caused by foreign corporations “de-risking” from China. Xi is scheduled to meet with more …
China rolls out cross-border trade in services negative lists
finance and culture, the ministry said. Such moves are China’s major measures to align itself with high-standard international economic and trade rules and boost institutional opening up. China …
China is investigating the role of Big 4 accountant PwC in $78 billion Evergrande fraud case
Last year, the Ministry of Finance slapped a record 212 million yuan fine on Deloitte’s China unit and suspended the operations of its Beijing office for three months for “serious audit deficiencies” …
4 Bipartisan Bills Would Restrict Investment in China
Representatives Brad Sherman, D-California, and Victoria Spartz, R-Indiana, introduced four bills that would restrict or disincentivize U.S. investors from investing in China. The bills were referred …
China’s local government debt crisis adds chill to success of Harbin’s ‘ice city’ tourism boom
Harbin received a record breaking number of visitors over the Lunar Year holiday last month, but the economy of the northeast region has underperformed in recent years due to weak industrial growth …
Pakistan to Tap China for $300 Million Debut Panda Bonds
Pakistan’s new finance minister said he’s keen to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time ever this year.
China’s yuan falls to lowest in four months on back of weaker daily fixing
The slump came after the People’s Bank of China reduced its daily fixing by the most since early February. To manage the Chinese currency, the PBOC sets a reference rate each trading session for the…
Will China Push the U.S. Dollar Out of the Middle East?
For Gulf states, balancing the use of the dollar and the renminbi will become a way of maintaining strategic neutrality amid global geopolitical fragmentation.
Congress is ignoring ‘reciprocity’ in US-China economic relations
Chinese commercial interests should not be able to do in the United States what U.S. firms cannot do in China.
China Market Update: Meituan Crushes Analyst Estimates, Alibaba’s Must-Read Regulatory Filing, Week In Review
Asian equities were mixed overnight despite the US dollar’s strength as all Asian currencies were down versus the dollar, except for the Yen and the Hong Kong Dollar, which is pegged.
1st LD-Writethru-Economic Watch: China rolls out cross-border trade in services negative lists
China has rolled out national and pilot free trade zone (FTZ) versions of negative lists for cross-border trade in services to boost opening up, the Ministry of Commerce announced on Friday. It is the …
