With China’s economic growth under pressure, local government debt risks have drawn much attention, and the direction of the country’s fiscal policy in the second half of this year has become the …
FINANCE
China bank shares slump in Hong Kong after Goldman downgrades
SHANGHAI (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that raised …
China In Default On Trillion-Dollar Debt To US Bondholders, Policy Expert Says ‘Failure To Act Needs To End Now’
The American Bondholders Foundation (ABF), a private group of American citizens, holds a large quantity of these gold-denominated bonds, valued at well over $1 trillion. The U.K. reached a settlement …
China gets a new central bank chief as economy struggles for lift-off
Pan Gongsheng has to deal with an economy that is suffering from weak investor confidence that many experts believe cannot easily be remedied by monetary policy.
China’s new central bank chief faces test of reviving recovery
China’s new central bank head Pan Gongsheng is set to take the helm at a critical moment for the world’s second-largest economy, as it fights to reset a post-Covid recovery that looks increasingly …
What equity markets got wrong about China
Stocks performance this year has disappointed, but economic data has sparked hopes of stimulus from Beijing that could boost sentiment …
China-US ties: Treasury Secretary Janet Yellen has ‘frank and productive’ discussion with ambassador Xie Feng ahead of Beijing visit
In Washington meeting, Yellen conveyed importance of the two largest economies working together on global challenges, including macroeconomic and financial issues, US side says.
MORNING BID EUROPE-Beijing leaves market guessing on yuan
Dealers had thought the firmer fix on Tuesday meant Beijing was signalling it wanted … which is about as close as the Ministry of Finance gets to an outright ultimatum. The last time the MOF…
China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?
Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit …
China’s choice of PBOC party chief signals financial stability worries
China’s appointment of financial technocrat Pan Gongsheng to a top political post at the central bank points to growing concerns within the country’s leadership over systemic risks in its sprawling …
The Geopolitics of Climate Change: China and the United States at the UN Security Council
There is an opportunity for the United States to call China’s bluff as Beijing calls for more climate finance but does not actually provide significant funds.
China-US ties: Janet Yellen has ‘frank and productive’ discussion with ambassador Xie Feng ahead of Beijing visit
He expressed Beijing’s hopes that the US would work with China “in the … Biden also accepted Xie’s Letter of Credence. China’s finance ministry confirmed Yellen’s visit with a one-line statement and …
China beefs up financial support to stimulate small-business vitality
File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] China’s central bank is boosting its monetary policy tools to stimulate the vitality of …
