U_S_ Treasury Secretary Janet Yellen met with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict.” …
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‘Pressing need’ for US, China to communicate on economic issues: Yellen
Close communication between the United States and China on economic issues is vital, US Treasury Secretary Janet Yellen said Wednesday ahead of a meeting with a top Chinese official in Zurich.”Amid a …
Davos 2023 – Citi CEO Fraser says China opening up is good news for the market
China’s opening up is important for the world and there is good news from market friendly measures taken there, Citi Group’s chief executive Jane Fraser told a panel at the World Economic Forum’s (WEF …
Yellen says U.S., China must communicate on economic issues, work to avoid conflict
U.S. Treasury Secretary Janet Yellen told Chinese Vice Premier Liu He in Zurich on Wednesday that the world’s two largest economies share a responsibility to manage their differences and prevent their …
China spent billions on fighting Covid-19 over past 3 years: Reports
China has so far spent billions in its fight against the Covid-19 pandemic, which may be the apparent reason for its U-turn from the ‘zero-Covid policy’, reports have suggested.
As Covid rages, China says ‘funding issues’ won’t stand in the way of medical treatment
Ministry of Finance says more money is being made available, particularly for rural areas where resources are exceedingly stretched thin by coronavirus outbreaks Widespread outbreaks amid China’s …
Debt Plagues China’s COVID Patients Amidst Medicine Shortages
China’s recent COVID-19 wave has left patients and their families struggling with medical debt. A Peking University study estimated that as of January 11, 900 million people in China had been infected …
China Driving Dollar More Than Fed Hikes, BofA Strategists Say
While much of the focus in currency markets right now is how the prospect of slowing Federal Reserve rate hikes has helped fuel dollar weakness, the biggest factor may be across the world in China.
China’s economy will continue to struggle, says wealth management firm
Michael Yoshikami of Destination Wealth Management says the country still has “some real fundamental problems” in addition to Covid-19.
China’s big four banks $550m short of meeting loss provision
Expect a flurry of senior non-preferred issuance bonds from the lenders. China’s four biggest banks are still $550m (RMB3.7t) short of meeting the total loss-absorbing capital or TLAC provision in …
Why China’s one-child policy is now backfiring
After three decades of being limited to having one child, Chinese families no longer see the need to have bigger ones as the costs mount up.
China encourages foreign capital to set up R&D centers in the country
China also encourages financial institutions to offer financial support to those centers and will support legal cross-border R&D data flows, said the statement.
Optimism has been returning to China’s economy — but can it last?
Much depends on how quickly the country’s ’tsunami’ of COVID infections lasts, and whether Beijing’s unpredictable virus-control policies hamper or foster growth, analysts say …