Sentiment towards China is bleak, but the differences between China and Japan are far more consequential than the similarities The bigger China’s vulnerabilities, the stronger the likelihood that …
FINANCE
China revises EV credits for automakers, reducing offset opportunities that have driven production
China’s Ministry of Industry and Information Technology announced a revision to its long-running “dual-credit policy,” in which local automakers …
U.S.’s Yellen begins China visit with both sides locked in confrontation
U.S. Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing, China, Thursday, July 6, 2023. Mark Schiefelbein/Pool via REUTERS …
Does it pay to be a communist in China?
Party members can be found at every rung of the economic ladder. Of the poorest tenth of Chinese households, about 14% contain a party member, according to the China Household Finance Survey by …
China to speed up infrastructure projects to shore up growth, amid call to ‘determine scale’ of debt
China is to accelerate new debt issuance to shore up growth amid calls from the national legislature for measures that could “scientifically determine the scale” of the country’s medium and long-term …
China leads race to become world’s top cashless society, says British expert
China is on track to becoming the world”s top country for cash-free transactions, Kent Matthews, professor of banking and finance at Cardiff University told Xinhua recently in an exclusive interview.
China’s FX market stable, cross-border flows basically balanced – state media
Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China’s foreign exchange market remain stable and cross-border capital flows are basically balanced, a state …
China Has Ample Tools Even in ‘Panic’ Yuan Drop, PBOC Paper Says
China has ample tools to stabilize the foreign-exchange market even if the yuan enters a “panic” slide, according to a commentary in the Chinese central bank-backed Financial News.The commentary, …
Moderna announces China investment as country opens doors to foreign pharma
China signals a warmer welcome for Western pharma giants just as Treasury Secretary Janey Yellen leaves for Beijing.
Troubled power plant leaves Jordan indebted to China, raising concerns over Beijing’s influence
The $2.1 billion Attarat power plant has fueled tensions with Beijing and set off an international legal battle.
Opinion: China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?
The second would be to pass legislation that requires China to abide by international norms and rules of finance, trade and commerce. This would include abiding by the transparency rules of capital …
Jordan’s debt to China soars as troubled power plant sparks concerns about Beijing’s influence
To Jordan’s surprise, Chinese banks offered Jordan over $1.6 billion in loans to finance the plant in 2017 … American officials portrayed the Attarat contract as a case of Beijing’s “ debt trap …
Stock futures fall amid China headwinds, with Fed minutes ahead: Stock market news today
Stocks dropped at the open on Wednesday, as traders returning from the Independence Day break eyed headwinds for the global economy and await for the release of Federal Reserve minutes from the last …
