The work-relief programs are aimed at people in need, especially rural residents who have been lifted out of poverty, vulnerable individuals prone to return to poverty, and migrant workers returning …
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China cuts key policy rate in ‘clear loosening signal’ to support economy after weak trade, inflation data
China’s consumer prices grew mildly in May, while factory-gate deflation deepened, adding to concerns over the economy. Export growth also tumbled in May, indicating weak external demand. During his …
As America paints crypto into a corner, the Bank of China issues $28m of tokenised securities on Ethereum
While the war on crypto in the US commanded by generals SEC chair Gary Gensler and Democratic senator Elizabeth Warren is in full assault mode, it seems like the Bank of China, via Hong Kong,…
The scarcity of water is emerging as a global economic threat. With China and India looking the most at risk
India, now the world’s most populous nation, will be the hardest hit from water scarcity. Despite holding 18% of the world’s population, it only has enough water resources for 4% of its people, hence making…
As climate change hits, China weighs new water megaprojects
As droughts loom, China is planning ambitious new water infrastructure projects in hope that moving more of the precious liquid across the country will mitigate the impact of climate change – but experts warn more…
As New Zealand reshapes ties with China, foreign interference must be brought out of the shadows
Prime minister Chris Hipkins’ upcoming visit to China comes as New Zealand wrestles with how to prevent interference by the superpower and other states
One of China’s Top Hedge Funds Unwinds Bet on Property Rebound
A top-performing Chinese macro hedge fund has slashed its holdings in property stocks, as their declines hurt returns just two months after predicting a major rebound in the sector. Most Read from BloombergElizabeth Holmes Objects…
Demand grows for Asian investment products that exclude China
Global fund managers say they are rushing to meet client demand for new Asian investment products that exclude China, as investor appetite for the region’s largest economy is hit by slowing growth and …
China’s central bank cuts seven-day reverse repo rate for the first time since August
T he People’s Bank of China cut its seven-day reverse repurchase rate by 10 basis points from 2% to 1.9%, according to a central bank release, injecting 2 billion yuan ($279.97 million) through its …
South Korea-Japan rapprochement stokes alarm in Beijing
The announcement, which followed a diplomatic breakthrough between Seoul and Tokyo this year, risks stoking anger in Beijing, which has discouraged South Korea from closer economic and defence ties with the US and Japan —…
The scarcity of water is emerging as a global economic threat. With China and India looking the most impacted
India, now the world’s most populous nation, will be the hardest hit from water scarcity. Despite holding 18% of the world’s population, it only has enough water resources for 4% of its people, hence making…
Biden admin confident it can protect America’s secrets after reports of China spy base in Cuba
The Biden administration is confident it can keep America’s secrets amid reports of a Chinese spy base in Cuba. John Kirby criticized those who leaked the story to the media.
Hong Kong’s role as China’s only global financial hub must be cherished and protected
In the Global Financial Centres Index, Shanghai is ahead of Sydney, Seoul, Tokyo, Frankfurt and Mumbai, but still below New York, London, Singapore and Hong Kong Economic and trade power is not enough …