U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies. ( read original story …)
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RPT-U.S. mulls paying companies, tax breaks to pull supply chains from China
More than 120 countries are backing a UN motion to investigate the origins of the coronavirus, despite China’s objections
Diplomats are gathering around a resolution to be presented at an upcomign World Health Assembly meeting, which began as a push to scrutinize China. ( read original story …)
China eases resistance as calls mount for global probe into coronavirus origin
Beijing says it “took an active part” in drafting a formal call at the World Health Organization for a global investigation into the source of the coronavirus. ( read original story …)
Clashes Again Break Out in Hong Kong Legislature as Pro-Beijing Committee Chair Is Elected
Also Monday, 15 pro-democracy figures, including media tycoon Jimmy Lai, appeared in court to face charges relating to anti-government protests … ( read original story …)
China Jan-April fiscal revenues down 14.5% year-on-year: finance ministry
China’s fiscal revenues fell 14.5% on-year in the first four months of the year to 6.213 trillion yuan ($872.76 billion), the country’s finance ministry said on Monday. ( read original story …)
QE or not QE? China’s central bank grapples with policy dilemma
China’s plans to step up stimulus support for the virus-ravaged economy have promoted a heated debate among economists and advisers over whether the central bank should monetize its fiscal deficit … ( read original story…
China’s New Hope sees hog production recovery by 2021
New Hope Group, one of China’s biggest pig breeders, expects the country’s hog production to recover to normal levels by 2021, chairman Liu Yonghao told reporters on Monday. ( read original story …)
Hong Kong lawmakers scuffle as pro-Beijing politicians clear path for controversial national anthem bill
There were scuffles in Hong Kong’s parliament Monday as lawmakers fought for control of a key committee chair. ( read original story …)
122 Countries Want an Investigation into How the Coronavirus Outbreak Happened, but China Says its ‘Premature’
Beijing has repeatedly pushed back against a proposed investigation into the origins of the coronavirus pandemic, which first appeared in the Chinese city of Wuhan in December. ( read original story …)
Coronavirus Live Updates: U.S.-China Tensions Threaten to Dominate W.H.O. Meeting
As states ease restrictions, public health experts warned of a resurgence of the virus if the authorities move too fast. The Fed chief said the economy would not fully recover until there was a ……
Crypto Long & Short: Mining Derivatives Point to Growing Sophistication
Yes, proportionally, China has more than double the conviction of the U.S. in blockchain’s potential … Finally, the report reveals a strong push for more centralized control over crypto markets. ( read original story …)
Shenzhen old home prices jumped 10 per cent in April, with business loans being used for speculative buying
The prices of old homes in Shenzhen jumped 10.3 per cent year on year on average in April, pushed up by easing measures introduced by the People’s Bank of China to boost the economy amid…
Asia Today: India Cases Surge, Beijing Petition Offices Shut
India is recording its biggest single-day surge in coronavirus cases, attributed largely to migrant workers returning home after losing their jobs. ( read original story …)
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