Senate minority leader says GOP won’t back legislation to boost domestic semiconductor manufacturing if Democrats push their budget package.
FINANCE
China to use policy-based, developmental financial instruments to support major projects, expand work-relief programs in key projects
China will adopt policy-based and developmental financial instruments to support the development of major projects, in an effort to expand effective investment and spur employment and consumption, …
McConnell Threatens China Bill Over Biden Tax, Climate Plan
Senate GOP leader Mitch McConnell said he will block bipartisan legislation to boost US competition with China and provide subsidies for domestic semiconductor manufacturing as long as Democrats …
US dollar retains dominance in 2022 while China’s yuan gains share among global currency reserves
The Chinese yuan’s share of global currency reserves was 2.9% in the first quarter, up from 2.8% in the fourth quarter and 2.5% a year ago.
Why zero-Covid China is looking more appealing to global investors
For the first time since Chinese stocks began their prolonged slide, a sustained rally has convinced many that the tide has turned The most important driver is the growing belief among traders that …
New Pacific alliance PBP to counter China’s influence will likely grow to include more European nations, say analysts
Partners in the Blue Pacific (PBP) is made up of US, UK, Japan, Australia, New Zealand; some say France is already interested in joining despite anger over the Aukus security pact and the new PBP…
China opposes India’s reported plans to hold G20 meeting in J&K
China on Thursday voiced its opposition to India’s reported plans to hold the next year’s meeting of G-20 leaders in Jammu and Kashmir, echoing close ally Pakistan’s objection, and underlined that …
Burning Rock Announces the Launch of China’s First Prospective Interventional Validation Study on Multi-Cancer Early Detection – the PREVENT Study
Burning Rock Biotech Limited (NASDAQ: BNR, the “Company” or “Burning Rock”), a company focused on the application of next generation sequencing (NGS) technology in the field of precision oncology, …
China’s BRI beneficial with a side of risk?
Cambodia and its main investor and creditor, China, are fast friends. While BRI has had positive effects, negative impacts must be addressed, a report by ODI suggests This week, G7 leaders committed …
Surge in Demand for Electricity Causes China to Ramp Up Coal Production
China is poised to ramp up coal production amid a significant surge in electricity demand. With central and northern China experiencing a historic heat wave, millions of Chinese residents in Hubei, …
US-Taiwan trade talks rankle mainland China as ‘inevitable’ deal seen pulling island into US orbit
Taiwan’s president heralded trade talks with United States this week as ‘golden opportunity’ to boost economy But some economists say that reducing the self-ruled island’s exposure to mainland China …
China to Raise $44.77 Bln to Finance Infrastructure Projects
China’s State Council said Thursday it will raise 300 billion yuan ($44.77 billion) worth of debt to fund infrastructure projects as Beijing steps up support … projects or use it as bridge loans to …
Explained: How China, UAE are helping Pakistan tide over its economic crisis
As Pakistan s economic condition has worsened over the last few years with foreign exchange reserves dipping, it has turned to various kinds of loan deals.
