This week in economics was marked by China’s Q2 GDP miss, the looming final Fed rate hike, a potential false alarm in job market indicators, the potential ripple effects of a UPS strike, and insights…
FINANCE
1 in 5 young people in China can’t find a job – and that’s a big problem for Xi Jinping
“If China relied more on consumption for demand, that would help because consumption is mostly services and sectors such as media, entertainment, education, health, finance, and telecom are where the …
Lock-up shares worth 55.6b yuan to become tradable in China
BEIJING – Lock-up shares worth around 55.6 billion yuan ($7.8 billion) will become eligible for trade on China’s bourses next week. From July 24 to July 28, about 2.73 billion shares will become …
China sends 37 warplanes to Taiwan ahead of major combat and evacuation drills
according to the Financial Times. The expanded drills are widely seen as a response to increasingly aggressive rhetoric from China, which claims Taiwan as a breakaway province and has repeatedly said …
China’s public offering fund value tops 27 trillion yuan
BEIJING – Assets under the management of China’s public offering funds totaled 27.69 trillion yuan ($3.88 trillion) by the end of June, data from the Asset Management Association of China showed. By …
Chinese policy bank steps up financial support for smart parking
BEIJING – The China Development Bank (CDB), one of the country’s policy banks, has stepped up financial support for the construction of smart parking infrastructure. As of June, the lender had issued …
China’s top overseas students face ‘glass ceiling’, hard choices amid fraught US ties
Uncertainty over US-China relations and a more research-favourable environment at home are luring more Chinese PhD graduates in science, technology, engineering and mechanics (STEM) disciplines to …
Alibaba’s Failed MoneyGram Deal Shows How China’s Payment Wars Are Spilling Over Into U.S.
Forget Visa versus Mastercard, or even Apple versus Android. China is in the midst of a financial technology (fintech) revolution that has the potential to determine how the world spends money for …
China Construction Bank increases loan support for manufacturing
China Construction Bank one of the country largest state-owned commercial banks has enhanced financial support for the manufactur …
China agrees to reschedule $ 2 bn debt of Pakistan
China has agreed to reschedule over USD 2 billion debt of Pakistan for a period of two years, providing a major relief to the cash-starved government, which is in the process of rebuilding foreign …
China’s Fiscal Spending Growth Slows in First Half
Government fund income slid 16 percent to CNY2.35 trillion (USD327.9 billion) in the first half from a year ago, according to the data. Revenue from local government land sales, which accounts for …
Foreign visitors to China can finally go cashless like locals
You can finally enjoy the seamless, cashless payment experience that you may have heard about for years and avoid the awkward interaction of asking your local friends to pay and giving them paper …
China Is in Default on a Trillion Dollars in Debt to U.S. Bondholders. Will the U.S. Force Repayment?
Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China? The United States pays interest on approximately $850 billion in debt held by the People…
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