The Asian Infrastructure Investment Bank says it will conduct an internal review after former executive claims China’s Communist Party has infiltrated the institution.
FINANCE
China Urged to Boost Fiscal Stimulus After Central Bank Eases
Expectations are growing that China’s government will boost spending, especially on infrastructure, as part of a broader stimulus push following the central bank’s interest rate cuts.
Executive of China-Backed Infrastructure Bank Criticizes It After Quitting
AIIB communications chief accused the bank’s management of being “dominated by the Communist Party”—allegations the bank called baseless.
China Stimulus Talks Fuel Rebound in $311 Billion High-Yield Dollar Bond Market
The securities have risen in consecutive weeks for the first time since early February, according to a Bloomberg index. The developer-dominated market has returned 3.8% so far in June, with average …
US Chip Equipment Supplier Applied Materials Charges Beijing Government Backed Rival Of Data Embezzlement
Applied Materials, Inc (NASDAQ: AMAT) prosecuted a Chinese-owned rival for allegedly trying to steal some of its most valuable secrets, including covert transfers of semiconductor equipment designs.
China’s economy slows in May, more stimulus expected
China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery.
China cuts short-term lending rates to support recovery
China’s central bank sounds alarms after cutting short-term lending rates with more cuts likely to come. Vice President of General Economics and Trade at the Cato Institute Scott Lincicome joined The …
Republicans demand answers after top official backs out of hearing on China ahead of Blinken trip
House Republicans are demanding answers after a top State Department official canceled a congressional subcommittee hearing ahead of Secretary of State Antony Blinken’s trip to Beijing.
The world needs to ‘de-risk,’ but not against China
While acknowledging that China promotes world peace in diplomatic practice and is irreplaceable in merchandise trade with the EU, she still argues that China poses risks. When China and the EU are …
Ex-AIIB comms chief says was advised to flee China after fiery resignation
By Laurie Chen BEIJING (Reuters) – A senior employee of the Beijing-based Asian Infrastructure Investment Bank (AIIB) said on Thursday he was advised to flee the country after resigning from the bank …
Billionaire Ken Griffin Is Bullish on China. That Could Be Good News for the U.S., Too
Another reason Griffin views China’s performance as being critical to the U.S. economy is that inflation in the U.S. could remain sticky. While Griffin acknowledges that inflation is falling, the …
China’s private sector struggles as economic growth falters in May, youth unemployment hits new high
China’s economic growth continued to lose momentum in May amid weak retail sales and industrial production, while youth unemployment rose to a record high, data released on Thursday showed.
China scrambles to support its economy with another interest-rate cut as recovery sputters
The People’s Bank of China is scrambling to support the economy amid signs of stagnant growth. The PBoC’s latest move comes after it cut short-term interest rates to 1.9% earlier this week. Sign up …
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