U.S. Treasury Secretary Janet Yellen said some tariffs on China inherited from the administration of former … Reuters provides business, financial, national and international news to professionals …
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Fiscal Self-Sufficiency of China’s Local Gov’ts to Drop This Year as Revenues Stall
A gauge of Chinese local governments’ financial independence is expected to fall below 50 percent this year as revenue growth slows. The fiscal self-sufficiency rate, which is the ratio of a local …
China urges IMF to approve US$1.4 billion Zambia bailout, but told it must reach deal with other lenders
China has urged the International Monetary Fund to approve a US$1.4 billion bailout for Zambia but the fund responded by telling Beijing and other official creditors they must first agree a relief …
Chinese President reviews report on reforms in financial institutions
Chinese President Xi Jinping presided over a meeting of the Political Bureau of the CPC Central Committee to review a report on the rectification of problems di …
Biden deciding on China tariffs, says he will speak with Xi soon
President Joe Biden said on Saturday he was in the process of making up his mind on easing U.S. tariffs on China and planned to speak with Chinese President Xi Jinping soon.
Island chain strategy: Steps to checkmate China
Though China has managed to take over Gwadar and Hambantota ports … Views expressed are personal and do not reflect the official position or policy of Financial Express Online. Reproducing this …
China’s Xi & Russia’s Putin hold a phone call, but the official communiques had small yet crucial differences
China’s president Xi Jinping spoke with Russia’s president Vladimir Putin on June 15. While communiques released by the respective government’s largely touched on the same points, they did differ in …
Chinese disciplinary watchdog to investigate after bank protesters flagged as health risk
The Zhengzhou commission for discipline inspection says it has started a probe into why angry depositors found their health codes had suddenly turned red Meanwhile police in a neighbouring city said …
Biden urges China, other major economies to step up climate action, as US and EU join global methane cuts pledge
US President Joe Biden pressed a gathering of the world’s major economies, including China, to step up climate action on Friday, as his government unveiled new plans to combat methane emissions. At a …
China likely to keep lending benchmark interest rates unchanged amid global central bank tightening
About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global central bank tightening limited room for …
Can China revive its COVID-hit economy?
China has been the biggest source of global economic growth for the past 20 years. And it has long defied predictions it would soon hit a wall. But, strict COVID lockdowns, a crac …
Xi Says China’s Corruption Still Severe and Complicated
Chinese President Xi Jinping said corruption in the country remains severe and complicated even though progress has been made in the battle against graft.Most Read from BloombergPutin Gets Unexpected …
Hong Kong must prepare for uncertainty as US-China tensions will continue, but opportunities are still present as country welcomes American investors: city’s finance chief
Finance chief Paul Chan says Hong Kong must formulate different defence strategies to counter impact of worsening US-China ties However, Hong Kong might benefit from US-China conflict as rising number …
