Raised funds will mainly be used for major urban infrastructure projects in fields including city facilities and public services, according to the bank. It aims to guide social funds to investing in …
FINANCE
US and Japan seek to unite G7 against China. Should Beijing be worried?
Group of Seven summit in Hiroshima could be stress test for Beijing’s relations with the West, which have shown signs of a thaw in recent weeks.
China’s Central Bank Vows to Curb Speculation as Yuan Weakens
China’s central bank vowed to curb speculation in the yuan and called for more stability in the foreign exchange market following a selloff in the currency recently.
Too much debt? China’s foreign investments weigh heavy on borrowers.
It said that if it is to accede to International Monetary Fund and World Bank demands to forgive a portion of its loans, so do those multilateral lenders, which it views as U.S. proxies. China…
Beijing Fights to Be Treated as America’s Equal on the World Stage
This kind of tit-for-tat response is becoming increasingly commonplace as China’s power grows. In domains as diverse as international trade, human rights, maritime law, and military surveillance, …
CBIRC Directors from Across CN Rush to Meet at Beijing: Report
Business Herald quoted from a number of China Banking and Insurance Regulatory Commission (CBIRC) directors that they were rushing to Beijing from around the country in the morning to attend a meeting …
National Financial Regulatory Administration is inaugurated in Beijing, to strengthen financial sector oversight, prevent systemic risks
China’s National Financial Regulatory Administration (NFRA) was inaugurated on Thursday in Beijing, taking the place of the China Banking and Insurance Regulatory Commission after five years in …
China Jan-April govt land sales revenue down 21.7% y/y – finance ministry
China’s government land sales revenue fell 21.7% in the first four months of the year from a year earlier, data from the finance ministry showed on Thursday. (Reporting by Beijing Newsroom; Editing by …
Micron expected to get US$1.5 billion from Japan for next-gen chips weeks after Beijing launched probe into the firm
The expected incentives for the last company making memory chips in the US come as Japanese Prime Minister Fumio Kishida meets with top chip firms, including TSMC and Intel.
Morgan Stanley Considers More Layoffs As Banking Worry Continues
Morgan Stanley is rumored to be cutting 40 roles in its Asia-Pacific investment banking arm, having already slashed jobs in the department last year.
How the debt ceiling showdown could play into China’s hands and weaken US global power
President Joe Biden’s pledge to the world that “America is back” after a period of political turbulence is looking a little shaky after a debt showdown with Republicans forced him to shorten an …
Biden’s Cabinet Says Debt Ceiling Crisis Plays into Hands of China
“China is not debating whether to pay its debts or wreck its economy,” Democratic Senator Patty Murray of Washington said at a hearing on Capitol Hill today.
Tyrannical China wants to topple the US dollar
It’s yet another indication that the unipolar moment is over and the world is entering a new era of great power conflict.When the Soviet Union fell, the US became the world’s preeminent superpower.
