The United States accused China and Russia on Wednesday of enabling North Korea by protecting it from attempts to strengthen U.N. Security Council sanctions on Pyongyang over its nuclear weapons and …
FINANCE
China, equities weigh as EM sees another month of outflows – IIF
Emerging market portfolios saw another month of foreign outflows in September, the seventh of the last eight, as non-residents pulled money out of EM stocks and away from China, data from the …
Tensions between US and China to remain high in the years to come – Danske Bank
Biden’s administration has taken an even more hawkish stance on China compared to what most expected. While economists at Danske Bank do not expect any disruptive measures to be taken by either side …
How China Trapped Itself
The problem facing China is one that the German American economist Albert Hirschman described many decades ago. All rapid growth is unbalanced growth, Hirschman noted, and a successful development …
China after the property boom: can it rebuild the growth model?
Xi Jinping can revive the economy by encouraging more consumer spending, but would lose some political control …
Information Office of Beijing Municipal Government’ Features: “My Beijing, My Story” Depicts the Lifestyle of People Living in Beijing
Small alleys extend in all directions beneath glittering skyscrapers, and ancient monuments stand quietly to witness the hustle and bustle of the streets. With a unique balance between a modern …
China’s property crash: ‘a slow-motion financial crisis’
In the first part of a series, the impact of falling house prices is spreading to local government finances and the broader economy …
Tax cuts for China’s private pension scheme likely to lure participants as financial institutions vie for market share
Tax on withdrawal of funds is down to 3 per cent from 7.5 per cent, a move likely to drive participation and buoy a market seen reaching US$1.4 trillion by 2030.
Moderna refused China request to reveal vaccine technology: Financial Times
Moderna Inc has refused to hand over to China the core intellectual property behind the development of its Covid-19 vaccine, leading to a collapse in negotiations on its sale there, the Financial …
Infrastructure spending is becoming important again as China’s economy faces downside risks: UBS
2022 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and …
China’s lottery sales up 5.7 pct in August
China’s lottery ticket sales reached 34.48 billion yuan (about 4.86 billion U.S. dollars) in August, up 5.7 percent year on year, data from the Ministry of Finance showed. Sales of lottery tickets to …
Deloitte China fined $31m for letting clients do their own audit work
Under sanctions handed down by a US regulator, Deloitte will also have to better train staff in China and hire external consultants to review its practices.
China’s financial leasing sector posts steady expansion
China’s financial leasing sector registered a steady expansion in 2021 despite COVID-19 shocks, a report from the China Banking Association showed. As of the end of 2021, total assets of the country’s …
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