Its authors, including Zheng Song of the Chinese University of Hong Kong, tried to explain China’s distinctive pace and pattern of development. The title was as well received as the argument, echoed …
FINANCE
U.S. Treasury official criticizes China’s ‘unconventional’ debt practices
“China’s enormous scale as a lender means its participation … have triggered the biggest net capital outflows from emerging markets since the global financial crisis, Neiman said. He said a systemic …
UPDATE 1-U.S. Treasury official criticizes China’s ‘unconventional’ debt practices
A top adviser to U.S. Treasury Secretary Janet Yellen warned on Tuesday that China’s foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing …
Europe upstages China as main driver for copper outlook
Shrinking copper demand in Europe due to a manufacturing recession caused by the energy crisis will dominate market sentiment for some time with prices likely to retreat towards two-year lows early …
China pushes for broader use of digital yuan, central bank says
Shenzhen in South China’s Guangdong Province, Suzhou in East China’s Jiangsu Province, Xiongan New Area in North China’s Hebei Province and Chengdu in Southwest China’s Sichuan Province — to province …
Tencent steps up expansion in healthcare with new US$41.5 million investment in Xunjie Medical as Beijing eases restrictions
The internet giant’s latest healthcare investment would give it a 19.5 per cent stake in Xunjie Medical, which owns German first aid gear maker Metrax That capital outlay comes months after Beijing …
China digital currency: Beijing to expand e-CNY trials to four entire provinces including Guangdong
The People’s Bank of China (PBOC) will expand e-CNY trials to Guangdong, Hebei Jiangsu, and Sichuan provinces, an official said on Monday The number of users, merchants and transactions is ‘steadily …
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The People’s Bank of China plans to extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well as Guangdong.
China’s Reluctance to Deliver More Stimulus Puts Burden on US, World Bank President Says
China’s unwillingness to deliver more stimulus during the current international slowdown is putting more pressure on the US to support international growth, World Bank President David Malpass …
CX Daily: The Double Squeeze on China’s ‘Sandwich Generation’
The double squeeze on China’s ‘sandwich generation’ Yin Fan is a single mom in her late 30s. When she was pregnant with her daughter, her …
Explained: What the new US-China accounting deal means
American authorities want unfettered access to the financial books of Chinese companies without government interference while China insists on having government agencies play a role in the audit …
China Households to Cut Property in $18 Trillion Shift
China’s households are expected to shift 127 trillion yuan ($18.1 trillion) into financial products over the next nine years, an opportunity ripe for financial institutions as the country’s property …
China’s Provinces Suffer Major Fiscal Hit From Covid Zero
China’s doubling down on its zero-tolerance stance toward Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors.Jilin province, in the northeast of the …