China’s capital, Beijing, and the financial hub of Shanghai reported on Tuesday no new local COVID infections, the first time both cities were in the clear at the same time since late February, after …
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China’s central bank vows to keep policy supportive to aid economic recovery
It also signals that stimulus will likely focus on boosting credit rather than lowering interest rates. Read more at straitstimes.com.
China Warns of ‘Moral Hazard’ Risks as Green Financing Booms
The People’s Bank of China said it will guard against “moral hazards” such as greenwashing and sustainable project fraud as it expands its use of green monetary policy to drive the nation’s energy …
China’s 5.5% GDP Obsession Has $8 Trillion Dark Side
Getting close to this year’s gross domestic product target might help Xi Jinping’s political goal in the short run. But it could exacerbate the country’s debt troubles in dangerous ways.
US eyes Joe Biden, Xi Jinping meeting in next weeks, sees growing convergence on China
The Group of Seven rich democracies will address China’s non-market economic practices, its approach to debt and its human rights actions in a communique on Tuesday, while a NATO strategic concept to …
What Is the ‘Special Debt’ China Uses to Spur Its Economy?
China’s government is cash-strapped with Covid-19, tax breaks and a property downturn pulling down income while spending keeps rising to pay for economic stimulus and containing virus outbreaks. One …
‘China central bank will continue to support economic recovery’
China’s monetary policy will continue to be accommodative to support economic recovery, People’s Bank of China governor Yi Gang was quoted by state media as saying.
$600 billion plan to take on China
The G7 group of rich democracies on Sunday announced an attempt to compete with China’s formidable Belt and Road Initiative by raising some $600 billion for global infrastructure programmes in poor …
$600BN G7 plan to rival Belt & Road project, break China’s debt-traps
The G7 pledged to raise $600bn in private & public funds over 5 years to finance infra in developing countries. The move will counter china’s so-called belt & road initiative, many recipient countries …
China welcomes infrastructure plans but opposes smears against BRI China welcomes infrastructure plans but opposes smears against BRI
China said on Monday that it welcomes all initiatives on improving global infrastructure but opposes attempts to smear the Belt and Road Initiative (BRI).
China’s Central Bank Will Continue to Support Economic Recovery -State Media
China’s monetary policy will continue to be accommodative to support economic recovery, People’s Bank of China Governor Yi Gang was quoted by state media as saying. China’s real interest rates are …
China c.bank makes biggest daily cash injection in three months
SHANGHAI: China’s central bank made the biggest daily cash injection into the banking system via open market operations in nearly three months on Monday, to ease pressure from rising cash demand …
How China can protect its economy – and the world’s – amid US recession headwinds
A further rise in China’s already-high housing prices could make foreign assets appear more attractive, potentially causing capital flight and affecting financial stability. More importantly, the …
