China has earned itself a reputation as a bully in the South China Sea. Its relentless coast guard patrols, frequent maritime militia operations and regular naval deployments are well documented. ( read original story …)
Tagged By banking
China’s overseas investment is falling just when the global economy needs it most
Chinese investment, in physical infrastructure especially, has been a key driver of global growth alongside its GDP contribution. Its decrease over the past few years is bad news for a global economy … ( read…
China’s top 5 infrastructure projects set to cost US$131 billion, but overall investment set to drop amid debt fears
China turned to its old playbook to drum up growth amid the coronavirus outbreak by boosting investment spending on infrastructure projects, but that has also added to overall debt levels. ( read original story …)
CDB loans to Beijing-Tianjin-Hebei region hit 628.7 bln yuan in 2020
The China Development Bank CDB one of the country policy banks has issued 6287 billion yuan about 974 billion US dollars … ( read original story …)
China Fintech 50 Report Updated to Reflect Financial Tech Industry’s Rapid Growth, includes AirWallex, JD Digits, OneConnect, WeLab, Others
China Fintech 50 Report updated to reflect financial tech industry’s rapid growth, includes AirWallex, JD Digits, OneConnect, WeLab, others. ( read original story …)
Biden aims to isolate China on coal — but it could blow back on the U.S.
The U.S. wants to stop new coal projects, but risks losing poor countries to Beijing’s “Belt and Road” agenda. ( read original story …)
Taiwan’s opposition KMT seeks foothold in US, but is it too Beijing-friendly?
Kuomintang aims to court US support by reopening its Washington office, closed after it last won power in Taiwan, but anti-Beijing sentiment there has hardened. ( read original story …)
Getting Europe’s help on China
America’s closest allies won’t automatically help Biden take on Beijing, but there are ways to forge a common front. ( read original story …)
China Is Not Out Of The Woods As Bubble Risks Abound
China is playing something approximating that role today—or at least holds that promise. In 2020, it grew 2.3%, leading major economies out of the Covid-19 crisis. It’s seen growing more than 8% this … (…
Bank of America matches efforts by Morgan Stanley, JPMorgan Chase with net-zero financing goal
Bank of America joined select other big banks who’ve pledged to achieve net-zero greenhouse gas emissions through its financing before 2050. ( read original story …)
US STOCKS-Stocks edge lower on Biden warning about China
U.S. stocks slid on Thursday after U.S. President Joe Biden said China was poised to “eat our lunch,” a warning that raised concerns for a market hovering near record highs on hopes of more stimulus,…
China Receives the Most Foreign Investment in 2020
China surpassed the U.S. for the first time as the largest recipient of global foreign direct investment in 2020, with an estimated $163 billion. ( read original story …)
Exclusive: Goldman, other financial firms add China staff, eyeing growth
Global financial firms including Goldman Sachs, BlackRock and Fidelity International are poised to add hundreds of staff in China this year as they look to take advantage of the opening up of its $40 ……
