A bipartisan group of Senators are urging leaders to include a stalled cannabis banking bill to be included in any forthcoming U.S.-China trade legislation. “The House has now passed the SAFE Banking …
FINANCE
China urges deeper ASEAN Plus Three ties in financial sector: official
Financial collaboration among the member states of the Association of Southeast Asian Nations, China, Japan and the Republic of Korea (ASEAN Plus Three) should be promoted to address new challenges …
Lawmakers press for semiconductor manufacturing tax credits on China bill
A joint effort by Republicans and Democrats to append tax credits onto an economic bill focused on competition with China is underway in the Senate as the bill entered conference negotiations on …
Amid surging inflation, U.S. trade groups, economists urge removal of China tariffs
Several White House officials, as well as President Joe Biden himself, have signaled that the administration is weighing whether to dismantle at least some of former President Donald Trump’s tariffs …
China’s Covid battle intensifying sell-off risks in metals
The sell-off in base metals continues after Beijing ratcheted up Covid containment measures. The confidence shock in the market has seen copper briefly …
Egypt considers issuing bonds in China’s yuan
Egypt may soon sell bonds that are priced in China’s currency the yuan. Minister of Finance Mohamed Maait made the announcement yesterday alongside the People’s Republic’s A …
Coach-Owner Tapestry Beat Expectations Despite Sales Dip in China
Tapestry just posted better-than-expected results for the third quarter, despite industry-wide headwinds that impacted its bands.
China has gained nothing from Ukraine war and it will only prompt further breaches of international rules, says leading scholar
China has not benefited from the war in Ukraine, which is going to undermine the international legal framework, a leading Chinese international affairs scholar has said. Yan Xuetong, dean of the …
China says it will ‘strictly limit’ citizens from going abroad
Shanghai, China’s largest city and main financial centre, has been under a severe lockdown since late March. It was initially supposed to last for eight days across two halves of the city, but a clear…
Economic Stimulus Has Become Inevitable for China
If China wants to meet its 5.5 percent growth target, it will have to change its macroeconomic policy. China’s economic growth targets and macroeconomic policies, formulated at its annual …
The World’s Largest Banks 2022: China’s ICBC Leads While JPMorgan Chase Falls
2021 was largely a good year for the banking sector as firms posted strong earnings and robust deposit growth thanks to trillions of dollars in pandemic stimulus spending from governments.
Lucid CEO: Chip supplies in wake of China lockdowns are top concern
The CEO of Lucid Group Inc. on Wednesday expressed concern about chip supplies from China due to COVID-19 pandemic-related lockdowns, adding that the U.S. electric vehicle startup is taking measures …
China stresses cooperation at ASEAN+3 meeting
Liu Kun, China’s minister of finance, made the remarks on Thursday as he attended and co-chaired the 25th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, which was held via video link.