The U.S. and China had been growing apart before Trump and that trajectory will likely continue under President Joe Biden, a trade expert told CNBC on Monday. ( read original story …)
Tagged By banking
China Asset-Bubble Warning Threatens Stock Frenzy in Hong Kong
A chill swept through China’s stock and bond markets on Tuesday after the central bank unexpectedly withdrew funds from the financial system amid warnings about growing froth. ( read original story …)
China’s central bank conducts 2b yuan of reverse repos
China’s central bank on Monday conducted 2 billion yuan ($308.6 million) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day reverse … ( read original story…
Financing carbon neutrality in China
Estimates say China will need to invest hundreds of trillions of yuan in low-carbon projects in order to achieve carbon neutrality, underlining the need for green finance development In his speech at … ( read…
China should stop setting annual GDP targets, central bank adviser says
China should stop setting annual economic growth targets and instead focus on stabilising employment and controlling inflation as its main macroeconomic policy goals, an adviser for the country’s … ( read original story …)
China’s Xi Calls for Greater Role for G20 in Economic Governance
Speaking at a virtual meeting of the World Economic Forum, Xi said the global recovery from the coronavirus pandemic is “rather shaky” and the outlook remains uncertain. Copyright 2021 Thomson Reuters … ( read original…
Is Jack Ma Helping China Reinforce Communist Regime’s Digital Authoritarianism?
China’s regulators have reiterated that their probe into financial technology giant Ant Group, founded by the beleaguered billionaire Jack Ma, would not undermine the company’s development and was not … ( read original story …)
China largest recipient of FDI in 2020, but ‘effects of coronavirus on investment will linger’
China’s US$163 billion in inflows last year compared to the US$134 billion attracted by the United States, according to a report released on Sunday by the United Nations Conference on Trade and … ( read…
China’s digital currency: Beijing, Shanghai and Guangdong commit to new digital yuan trials in 2021
Beijing, Shanghai and Guangdong, China’s wealthiest province, all made new commitments over the weekend to testing the digital yuan, as the country moves closer to becoming the first in the world to … ( read…
China Surpasses U.S. as Top Recipient of Direct Foreign Investment
The U.S. has been locked in trade battles with the Chinese Communist Party for the last several years under the Trump administration. ( read original story …)
China overtakes U.S. as top foreign-investment destination, more big banks beat expectations, and new investors rise in India: This Week in Finance
Welcome to This Week in Finance, your weekly roundup of the conversations trending among financial professionals on LinkedIn. Click Subscribe to be notified of each edition. ( read original story …)
UN agency reports China surpassed US in foreign direct investments in 2020
A United Nations trade agency reported that China surpassed the U.S. as the largest recipient of foreign direct investments (FDI) in 2020. ( read original story …)
China takes new foreign investment top spot from US
China has overtaken the US as the world’s top destination for new foreign direct investment, according to UN figures released on Sunday.New investments into America from overseas companies fell by … ( read original story…
