As details emerged about President Joe Biden’s suspected financial connections to China, former President Donald Trump tore into his successor’s compromised position on the world stage […] …
FINANCE
China must act fast to bolster recovery, says senior economic official
Analysts at major international banks have downgraded economic growth forecasts for 2023 after May data showed demand weakened in China and abroad, raising the case for more stimulus. “It is better to …
UPDATE 1-Russian diplomat flies to Beijing as Putin faces challenge to his power
Russia’s Deputy Foreign Minister Andrei Rudenko flew to Beijing for talks with China on “international” issues, amid a major challenge by Russian mercenaries to President Vladimir Putin’s grip on …
Economic Watch: ROK banker expects to unlock new opportunities in China
Kim Won Seob, a banker from the Republic of Korea (ROK) and president of the Industrial Bank of Korea (China) Ltd., has been lately occupied with the bank’s 2023 business expansion plan in China.
China has reopened, so why aren’t Chinese tourists back in S’pore in droves?
Singapore’s high cost is among the reasons given by Chinese tourists for picking other destinations. Read more at straitstimes.com.
China unveils new policies supporting NEV sector, encourages firms to expand overseas
Chinese authorities on Wednesday announced a series of supporting policies to boost quality development of new-energy vehicles (NEVs) with total tax breaks amounting to 520 billion yuan ($72.3 billion …
Zambia has struck a debt deal with China and other major creditors. How will it work?
Beijing is the African country’s biggest bilateral lender and has not taken any haircuts as part of the agreement.
Declassified report shows Covid-19 origins remain a mystery, despite Wuhan lab researchers falling sick in 2019
US intelligence agencies weren’t able to determine whether researchers at laboratory in Wuhan, China, who fell sick in the fall of 2019 were infected with Covid-19, which soon spread around the world, …
China Construction Bank issues 295.5B yuan of loans to bolster transportation
China Construction Bank, one of the country’s largest state-owned commercial banks, said it had issued 295.5 billion yuan (about 41.2 billion U.S. dollars) of loans to support the country’s …
CGTN: China pledges practical support for developing countries at global financing summit
China would continue to take practical steps to support its fellow developing countries, Chinese Premier Li Qiang said on Friday at the closing ceremony of the Summit for a New Global Financing Pact …
China’s green finance development in the fast lane
Green finance aims to finance the development of sustainable industries as well as the low-carbon transformation of traditional ones. At the 14th Lujiazui Forum held in Shanghai, Yi Gang, governor of …
China’s Biggest EV Push Yet: A $72 Billion Package To Supercharge Demand
Vice Minister of Finance Xu Hongcai stated in a press briefing that cumulative NEV tax breaks amounted to more than 200 billion yuan ($27.8B) as of 2022. The 520 billion yuan package is the biggest…
Beijing is on the prowl for anyone bearing bad news overseas
Risk consultants are just latest target of information crackdown …
