BEIJING – China’s strategy of defending its currency by choking local liquidity is sending ripples throughout the financial system, squeezing banks and fueling losses at bond funds.
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China’s defense of currency takes toll on big banks, bond funds
China’s Repo Market Hit Hard as Yuan Defense Sparks Cash Squeeze
China’s strategy of defending its currency by choking local liquidity is sending ripples throughout the financial system, squeezing banks and fueling losses at bond funds.Most Read from BloombergTrump …
HKU5-CoV-2, New Bat Coronavirus Discovered at China’s Wuhan Lab Sparks Global Pandemic Fears: 10 Points To Know
HKU5-CoV-2, a new deadly bat virus discovered at Wuhan lab, sparks global pandemic fears. Experts urge vigilance, research, and global cooperation to prevent outbreaks.
Rep. Jack Bergman says spying is key to China’s business model, urges Trump to ‘stop the stealing’
Representative Jack Bergman (R-MI) says China is a “master” at intellectual property theft. “They will put the money into spying and stealing as opposed to innovating like the United States,” he says.
Why China may struggle to unlock the power of AI
Artificial intelligence will play a critical role in shaping China’s fortunes as a great power. Yet Beijing’s attempt to translate wins by today’s innovators like DeepSeek and others into wider gains for the $18 trillion…
Chinese tech firms flock to Hong Kong for IPOs amid DeepSeek-triggered AI boom
Mid and large-cap Chinese firms in semiconductors, AI and robotics are exploring Hong Kong IPOs, UBS executive says A slew of Chinese companies are eyeing initial public offerings (IPOs) in Hong Kong, …
Will Hangzhou, China’s start-up upstart, dethrone Shenzhen or join forces?
Shenzhen, long the heart of China’s tech industry, may have a new rival as Hangzhou’s companies take centre stage. Will they compete or collaborate? For years, Shenzhen has been synonymous with …
Trump science policy nominee calls China most formidable technology, science competitor
President Donald Trump’s nominee to head the White House Office of Science and Technology Policy says China is the top U.S. competitor in both areas and warned the future depends on who leads in key…
David Bailey helped shape Trump’s crypto view, Says OKX’s exec
I know he’s going to have a crypto zone. I know he’s bringing in people who want to create this space.” Nelson recalled a conversation between Trump and David Bailey, a Bitcoin advocate and advisor…
New Bat Coronavirus Discovered in China
Scientists in China have identified a new bat coronavirus, HKU5-CoV-2, but health experts caution against overreacting, …
Scientists Discover New Bat Coronavirus in China That Can Infect Human Cells
Chinese scientists have discovered a new bat coronavirus, HKU5-CoV-2, that has the ability to infect human cells, raising concerns about its potential risks. A research team led by virologist Shi […] …
WeRide’s Latest Robotaxi GXR to Start First Fully Unmanned Commercial Operations in Beijing
WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, announced approval to launch its latest generation Robotaxi, the GXR, for fully unmanned paid ride-hailing services in Beijing.
Tesla Wavers Amid China FSD Report; Elon Musk’s DOGE Doesn’t Change EV Giant’s ‘Holy Grail,’ Says Longtime Bull
Tesla fell despite a report that the EV giant will roll out FSD in China. Elon Musk’s DOGE brand impact is “containable,” Dan Ives said.
