A new report says Apple has trying to move operations away from China for a decade, and if it can ever accomplish it, the move will take another 20 years.
FINANCE
US, Chinese officials discuss climate, economy, relationship
U.S. Treasury Secretary Janet Yellen met Wednesday with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict” as the …
Deutsche Bank issues first panda bond
BEIJING, Jan. 18 (Xinhua) — Deutsche Bank has issued its first panda bond in China, raising 1 billion yuan (147.92 million U.S. dollars) via three-year senior preferred notes, the bank said on …
Deutsche Bank prices ‘panda bond’ to raise Rmb1bn
Deutsche Bank has priced its first “panda bond”, raising Rmb1bn ($143mn) in China’s onshore renminbi debt market in the first such transaction since Beijing streamlined regulations to encourage …
Treasury: US, China officials agree to climate finance work
U_S_ Treasury Secretary Janet Yellen met with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict.” …
‘Pressing need’ for US, China to communicate on economic issues: Yellen
Close communication between the United States and China on economic issues is vital, US Treasury Secretary Janet Yellen said Wednesday ahead of a meeting with a top Chinese official in Zurich.”Amid a …
Davos 2023 – Citi CEO Fraser says China opening up is good news for the market
China’s opening up is important for the world and there is good news from market friendly measures taken there, Citi Group’s chief executive Jane Fraser told a panel at the World Economic Forum’s (WEF …
Yellen says U.S., China must communicate on economic issues, work to avoid conflict
U.S. Treasury Secretary Janet Yellen told Chinese Vice Premier Liu He in Zurich on Wednesday that the world’s two largest economies share a responsibility to manage their differences and prevent their …
China spent billions on fighting Covid-19 over past 3 years: Reports
China has so far spent billions in its fight against the Covid-19 pandemic, which may be the apparent reason for its U-turn from the ‘zero-Covid policy’, reports have suggested.
As Covid rages, China says ‘funding issues’ won’t stand in the way of medical treatment
Ministry of Finance says more money is being made available, particularly for rural areas where resources are exceedingly stretched thin by coronavirus outbreaks Widespread outbreaks amid China’s …
Debt Plagues China’s COVID Patients Amidst Medicine Shortages
China’s recent COVID-19 wave has left patients and their families struggling with medical debt. A Peking University study estimated that as of January 11, 900 million people in China had been infected …
China Driving Dollar More Than Fed Hikes, BofA Strategists Say
While much of the focus in currency markets right now is how the prospect of slowing Federal Reserve rate hikes has helped fuel dollar weakness, the biggest factor may be across the world in China.
China’s economy will continue to struggle, says wealth management firm
Michael Yoshikami of Destination Wealth Management says the country still has “some real fundamental problems” in addition to Covid-19.
