Chinese President Xi Jinping is renewing his years-long push to achieve technology self-sufficiency by tapping a top deputy to shepherd a key initiative aimed at helping domestic chipmakers overcome U …
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US won’t back global tax plan with carve-outs for China – Yellen
U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the United States to decouple in some areas from China to protect its national …
Beijing Vaccinates 80% Adults; Australia Setback: Virus Update
More than 80% of the adult population in Beijing, or 15.6 million people, have been fully vaccinated, local media reported. In Australia, the Astrazeneca Plc vaccine will now only be given to ages 60 …
BUZZ-COMMENT-China central bank’s bark may be louder than its bite
China’s warnings against bets on yuan appreciation were largely dismissed by traders, as the central bank appeared reluctant to intervene directly, until officials’ predictions of possible …
China must consider environmental effect and economic fragility for belt and road projects, study says
Chinese study finds some countries are in desperate need of economic development but their environment could collapse in rapid growth.
China’s economy has not recovered 100% from Covid, says former central bank advisor
Chinese policymakers are “overly aggressive” in containing debt levels, said Li Daokui, an economics professor at Tsinghua University.
Beijing says nuclear fuel rods damaged, no leak from Hong Kong reactor
A Chinese nuclear power plant near Hong Kong had five broken fuel rods in a reactor but no radioactivity leaked, the government said Wednesday in its first confirmation of the incident that prompted …
China pledges to release metal reserves to tackle price and shortage fears
Industrial metals are in the spotlight after Chinese authorities made a pledge to release government reserves to tackle concerns over shortages and high prices. The National Food and Strategic …
Italy says it has broken up China money laundering operation and European metals scam
The case unveiled a network of firms that between 2013 and 2021 sold around 150,000 tonnes of scrap metal, evading taxes on deals estimated to be worth some US$363 million.
China Won’t Finance Bangladesh Rail Line after Dhaka Cuts Project Costs
Sheikh Hasina’s government trims $471M from Akhaura-Sylhet track project that was to be built by Chinese state-owned company.
China Is Quietly Stepping Up Its Interventions in Markets
China is resorting to increasingly forceful measures to contain risks to the financial system, in moves that threaten to undermine President Xi Jinping’s pledge to give markets greater freedom.
United States may decouple from China to protect security, says US treasury secretary Janet Yellen
We are looking at a full range of tools that we have to push back and to redress practices that harm us (and our) national security …’ Yellen told the Senate Finance Committee US treasury…
China regulator approves first wholly foreign-owned money market broker
China’s banking and insurance regulator’s Beijing office approved to launch the country’s first wholly foreign-owned money market broker.
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