The yuan has hit its strongest position in more than two years, as investors bet a Democratic president and a divided Congress could lead to reduced U.S.-China tensions and a weaker dollar. ( read original…
Tagged By beijing
Is Xi Jinping Too Strong for China’s Good?
President Xi Jinping has accumulated legions of powerful critics in China since he took office in early 2013. There are the once-powerful officials who have been felled by his sweeping anti-corruption … ( read original…
Biden, as President, Will Shift U.S. Toolkit on China
The president-elect will advance Washington’s tough, new attitude toward China, but with an approach that relies more on pressure from U.S. allies, sanctions and other tools to shape Beijing’s … ( read original story …)
Chinese Property Giant Evergrande Drops Unit Listing
China Evergrande, the heavily indebted property developer, scrapped plans to list a key unit after striking deals with co-investors that should avert a near-term cash crunch. ( read original story …)
China investors rethink market risk after Ant’s scuppered IPO
HONG KONG — Global investors are taking two distinct messages from the sudden termination of Ant Group’s initial public offering — billed as the world’s largest — by Chinese regulators. ( read original story …)
China’s Fosun-owned Gland Pharma IPO opens — Here’s all you need to know about India’s largest pharmaceutical IPO
The ₹6,500 IPO of Hyderabad-based Gland Pharma is now open for subscription. The company is backed by China’s Fosun Pharma, making it one of the biggest offerings by a company with a Chinese parent in…
Washington should not force countries to choose between the U.S. and China, says ex-diplomat
Many countries, especially those in Southeast Asia, want to maintain “strong links” with the U.S., said Kishore Mahbubani, a former Singapore diplomat. ( read original story …)
‘His speech was perfect’: China celebrates Biden win amid hopes for warmer ties
Do not forget to tell me at my grave the good news.” Few presidents have elicited as strong of a reaction in China as Trump, whose victory in 2016 was met with a brief honeymoon…
China’s tech industry relieved by Biden win: but not relaxed
China’s technology industry, one of President Donald Trump’s main targets in Washington’s tussles with Beijing, hopes Joe Biden can create a more constructive relationship – but few think the rivalry … ( read original story…
China crude oil imports are likely weaker than data suggests: Russell
China’s imports of crude oil slipped as expected in October, but while a 12.2% drop appears significant, the actual state of demand was probably even weaker. The world’s biggest crude importer … ( read original…
Ant faces tortuous path back to market as Beijing tightens rules
If investors in Ant Group were hoping China’s biggest fintech would rapidly bounce back from the last-minute suspension of its $37bn listing, Beijing was quick to disa … ( read original story …)
China is turning its focus toward medium-term economic recovery: Cornell
China is starting to prioritize its goal of rebalancing its economy and financial system risks again, says Eswar Prasad of Cornell University. ( read original story …)
Why China Stepped On The Ant Group (Part 1): To Stop A Bubble
The most shocking, market-impacting event this week was not the US election. It was the news that the Chinese government decided to step on an ant… specifically, on the Ant Group – China’s fintech ……
