US Treasury Secretary Janet Yellen has met with China’s deputy central bank governor Xuan Chengneng in Washington this week to discuss coordination on financial market monitoring and money laundering.
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Janet Yellen and Chinese central banker discuss financial monitoring and money laundering
China’s Safest Banks 2024
Its GDP is forecast by the International Monetary Fund to decline to 5% in 2024 from 5.3% in 2023, falling to 4.5% in 2025. To help bolster the weakening economy and ailing real estate sector,…
China’s Historic Stimulus Package: What It Means for Altcoins Like Conflux and the Crypto Market
With China set to roll out a massive $1.4 trillion stimulus package, altcoins, particularly Chinese-oriented ones like Conflux, could see explosive growth. Here’s what investors need to know.
China rounds up Batman, Donald Trump and the Buddha
Videos posted on social media showed officers detaining Batman, Donald Trump, the Buddha and a poop emoji. It wasn’t clear if the police were targeting specific costumes (a weird mix, if so). Few …
The World Has A New Leading Infectious Killer – And It’s Not COVID-19
C OVID-19 has been overtaken as the deadliest infectious disease on the planet. According to a new report from the World Health Organization (WHO), tuberculosis (TB) is now once again the biggest …
Brewers volumes disappoint as drinkers buy less beer
LONDON/COPENHAGEN >> Two of the biggest brewers Anheuser-Busch InBev and Carlsberg sold less than forecast in the third quarter as consumers, particularly in China, cut their spending by drinking less …
AstraZeneca Probe in China Adds to Concerns for Foreign Businesses
An investigation involving the drugmaker’s China president is the latest industry crackdown to trigger uncertainty about Beijing’s intentions.
China Oct PMI Expansions Point to Impact of Fiscal Support
China is considering approving next week the issuance of over 10 trillion yuan ($1.40 trillion) in extra debt in the next few years, Reuters reported on Tuesday, which would primarily be used to help …
South Africa looks to Africa and China ties as global trade fences go up
South Africa’s trade minister said his country is pursuing more robust trade and investment ties within the continent and with China – its biggest trade partner – as the global trade environment …
China Home Sales Slump Eases as Stimulus Boosts Buyer Morale
China’s residential property sales rose in October, the first on-year increase of 2024, as the government’s latest stimulus blitz brought back buyers.
EU Officials to Visit Beijing to Discuss EV Tariffs
The European Union will send officials to Beijing to discuss EV tariffs. Take a deep dive into the aftermath of Rachel Reeves’ first UK budget. And see why Swiss watchmakers are listening to social …
China’s Central Bank Pumps Liquidity Into Banking System — 2nd Update
China’s central bank injected roughly $70 billion of liquidity into the country’s financial system via a new policy tool in October, part of Beijing’s efforts to bolster the economy.
China’s central bank injects cash via new outright reverse repos in October
China’s central bank has injected 500 billion yuan ($70.24 billion) into its banking system during October through a new reverse repurchase tool announced earlier this week, the bank said on Thursday.
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