Live, rolling coverage of business, economics and financial markets
Recent Posts
Carnival ruled negligent over cruise where 662 passengers got COVID-19 early in pandemic
A cruise operator that failed to cancel a voyage from Sydney that led to a COVID-19 outbreak has been ruled negligent in an Australian class-action case …
China puts $137 bln Band-Aid on local debt wounds
Beijing is kicking one of its biggest problems down the road. On Tuesday, Chinese lawmakers approved President Xi Jinping’s latest plan to prop up the slowing economy by issuing 1 trillion yuan ($137 …
Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License
Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city.
China Commits to Purchase U.S. Agricultural Goods in a Complex Trade Landscape
In the shifting sands of international trade, a recent development between two global behemoths, China and the United States, has stirred the waters. In an unprecedented move since 2017, a Chinese …
China Unveils National Data Bureau Amid Political Shakeup
China unveiled its National Data Bureau (NDB) on October 25, marking a strategic move designed to bolster its digital infrastructure and economy. The Genesis of the National Data Bureau Earlier this year,
China conducts central bank bills swap Wednesday
BEIJING — The People’s Bank of China, China’s central bank, conducted a central bank bills swap (CBS) operation on Wednesday to improve the liquidity of perpetual bonds. The three-month CBS, valued …
China’s ‘One Card’ System: A Game-changer for Healthcare Financing
In the quest to enhance China’s healthcare financing, a pivotal system adjustment is on the horizon. The two-phase ‘One card’ system, specifically designed to expedite the disbursement of funds to …
China’s new bonds to help economic recovery, official says, as budget deficit rises
China’s new sovereign bonds will help bolster the economic recovery, China’s vice finance minister Zhu Zhongming said on Wednesday, as the government’s stepped-up fiscal stimulus sharply raises its …
Why China’s 1 trillion yuan debt plan isn’t necessarily such a big deal
“With the new finance minister and PBoC governor in place, fiscal policy execution will likely become more effective ahead, and fiscal-monetary policy coordination could also improve,” Xiangrong Yu, …
China’s measures to shore up a shaky economic recovery
China has rolled out a slew of policy measures in recent months to revive a stumbling economy after its post-pandemic recovery fell away quickly.
China now removes Finance, Science and Technology ministers
China has now sacked its Finance and Science and Technology ministers after the country sacked its Defence Minister, who was not seen in public for nearly two months.
Analysis-China chases US and Russia guided-missile submarine capabilities with new vessels
China has launched its first nuclear-powered guided missile submarines, according to the Pentagon’s latest report on China’s military – giving it land and sea attack options once the sole province of U.