China’s reliance on coal-powered industry to propel its economic recovery threatens to undermine President Xi Jinping’s goal of reaching net zero carbon dioxide emissions by 2060, new research showed. ( read original story …)
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China’s economic recovery jeopardises Xi’s climate pledge
Next China: Debt Gets Painful Again
After a Covid-induced interlude, tackling China’s debt problem now appears to be back on Beijing’s agenda. In the past two weeks, three state-owned firms have defaulted on bonds. One was a coal miner … (…
China says has given $2.1 bln of debt relief to poor countries
China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among the group’s members in terms of the amount deferred, the country’s … ( read original…
China Has Given $2.1 Billion of Debt Relief to Poor Countries: Finance Minister
China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among G20 members in terms of deferral amount, the country’s Finance Minister … ( read original…
China’s regulators put up a fence around risks as technology’s surging influence threatens to overshadow finance in fintech
New fintech rules on online micro lending could force China’s internet giants to rethink their business practices on co-lending, analysts said. ( read original story …)
How a ‘vast ocean of goodwill’ between China and Australia turned sour
Earlier this year, amid growing global anger over China’s initial handling of the coronavirus pandemic, Australia was among the first countries to call for an official investigation into the virus’ … ( read original story…
China keeps lending benchmark loan prime rate steady for 7th straight month as expected
Most new and outstanding loans are based on the LPR, while the five-year rate influences the pricing of mortgages. ( read original story …)
Coronavirus live news: China has given 1m people Sinopharm vaccine; US CDC warns against Thanksgiving travel
CEO of state-owned Sinopharm says there have been ‘no adverse effects’; US has recorded 1m cases in past week; Russia and Japan on ‘maximum alert’ … ( read original story …)
U.S. Firms Turn Upbeat on China After Biden Win, AmCham Says
Just over half of American companies are more optimistic about doing business in China on expectations of better trade relations with the U.S. under a Biden administration, according to a survey from … ( read…
Most U.S. companies optimistic about doing business in China after Biden’s win, survey finds
Just over half said they are “more optimistic” and 8.1% are “much more optimistic” given the expected change from President Donald Trump’s administration. ( read original story …)
Mainland China Reports 17 New COVID-19 Cases Vs. 12 a Day Earlier
(Reuters) – Mainland China reported 17 new COVID-19 cases on Nov. 19, up from 12 a day earlier, the country’s health authority said on Friday. The National Health Commission said all new cases were ……
Biden must not fall into China’s smooth relations trap
Beijing is trying to convince the incoming Biden administration that the U.S.-China relationship can be smooth and positive — but only if Washington dumps the Trump administration’s policies, ignores … ( read original story …)
Ripple CEO Concerned China Will Win Crypto
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., discusses the recent Bitcoin rally on “.” (Source: Bloomberg) … ( read original story …)
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