JPMorgan Chase & Co. named Florence Kui as head of China market for its private bank, amid broader changes to its overall leadership overseeing operations in the world’s second largest economy.
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JPMorgan Private Bank Taps Goldman’s Kui as Head of China
ADB increases its growth forecast for China to 4.8%
The Asian Development Bank has revised its growth forecast upwards for China to 4.8 percent in 2024, 0.3 percentage points higher than the estimate made in December. With more proactive fiscal policies in place, the…
China tightens Russia payments scrutiny, hitting electronics components, say Russian media
Russian companies are facing growing hurdles when making payments to China, two Russian news outlets reported on Friday, with one saying transactions involving electronics components were being …
China Funds Weigh $415,000 Pay Cap in ‘Common Prosperity’ Drive
Several Chinese mutual fund managers have proposed to cap staff salaries at about 3 million yuan ($415,000), in response to President Xi Jinping’s “common prosperity” drive, according to people …
The cost of imports from Asia and North America are moving in opposite directions
Automotive products and energy from North America got a bit more expensive, while currency issues hit Asian consumer goods and electronics.
US says China is boosting Russia’s war machine in Ukraine
China is supporting Russia’s war effort in Ukraine by helping Moscow ramp up its defense production through large amounts of machine tools, microelectronics, drone and cruise missile technology, senior U.
‘Low price’ is the word at China’s largest trade show
U.S. and EU officials are concerned their own industries won’t be able to compete with China’s vast industrial capacity driving down prices. But deep and prolonged factory gate deflation has become a concern domestically as…
Embattled Senior Fauci Advisor Used Private Email Account to Discuss Covid-19 Origins
A top advisor to former National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci is facing further scrutiny for allegedly using his personal Gmail account to discuss covid-19 …
US Airlines Accuse China of ‘Harmful Anti-Competitive Policies’
At the time, U.S. officials granted Chinese carriers approval to make 50 weekly round-trip flights, increased from 35 amid the COVID-19 pandemic. Prior to the pandemic, over 150 weekly flights were …
Beijing slams US and allies for attacking China
Beijing has condemned the US, Japan, and the Philippines for “smearing and attacking” China ahead of a three-way summit in Washington on Friday. Before the meeting, the three countries released a statement calling China’s maritime…
China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management
A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.
Luxury goods industry braced for trouble as slowdown in demand from China hits sales
The luxury goods industry is braced for trouble as a slowdown in demand from China hits sales. LVMH will be the first major player to shed light on business when it updates investors next week.
Xi Jinping’s chief of staff urges business mogul to boost US-China ties at ‘critical crossroads’
Cai Qi, China’s No 5 official, holds rare meeting with influential American businessman John Thornton, who was granted unprecedented access to the country during Covid-19 era.
