Hunter Biden admitted to a federal judge that he received hundreds of thousands of dollars from a Chinese Communist Party-backed company — contradicting President Biden’s claims that his family …
FINANCE
Analysis: White-collar wage cuts in China fuel deflation risks, hurt consumption
Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less make-up and has cancelled her child’s summer swimming classes.
US intelligence report says China likely supplying tech for Russian military
China is helping Russia evade Western sanctions and likely providing Moscow with military and dual-use technology for use in Ukraine, according to an unclassified U.S. intelligence report released on Thursday.
US card companies’ wager on China travel boost hit by economic gloom
Visa and Mastercard , which bet on China to boost travel spending, have had to contend with a disappointing first half of the year as post-COVID momentum in the world’s second-biggest economy loses steam.
Could economic indicators signal China’s intent to go to war?
But before troops begin to muster, other actions, of an economic and financial nature, might signal China’s intent. The Soviet Union mistook ordinary activities, such as blood drives, for possible indicators of war.
China roles over principal amount of $2.4b loan for two years: Dar
Finance Minister Ishaq Dar has said that China has rolled over the principal amount of 2.4 billion dollars loan for two years. In a tweet on Thursday, he said that Pakistan will make interest payments…
In Xi Jinping’s China, central planners rule
T he problem with central planners is not that they make mistakes. After all, everyone is fallible: even (oh, the shame of it) newspaper columnists. The trouble with technocrats is how they respond when plans…
Microsoft must be held responsible for China’s U.S. government email hack, Senator Wyden demands
Chinese hackers accessed the Microsoft-powered email accounts of top China envoys, Commerce Secretary Gina Raimondo, and Secretary of State Antony Blinken.
Taxonomy for sustainable finance
MACAU, China – The tourism industry in this city and special administrative … Another way is to establish and implement credible frameworks such as taxonomies for sustainable finance, as advocated by Commissioner Kelvin Lester K.…
With US interest rates at a 22-year high, how will Beijing’s new central bank chief counter the toll on China?
US Federal Reserve lifted interest rates to the highest level in 22 years on Wednesday, posing a challenge to China’s newly appointed central bank governor, Pan Gongsheng.
China Rolls Over $2.4 billion Loan for Islamabad for 2 Years
In a post on the X platform, formerly known as Twitter, Ishaq Dar said the Chinese EXIM Bank rolled over for two years the “principal amounts” of the $2.4 billion loan, which Islamabad was to…
Beijing Pledges Credit Support to Spur Consumption
China’s top financial regulator vowed to urge banking and insurance institutions to boost credit to shore up the country’s sluggish consumption.
China Asks Banks to Bankroll Tech in Latest Private Sector Boost
China’s central bank called on the financial sector to help fund technology research and M&A deals, the latest in a string of promises to revive a private sector devastated by a two-year regulatory …
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