China’s governmental think tank has unexpectedly downgraded its global financial competitiveness ranking, despite ambitions to become a leading financial superpower.
Tagged By finance
Why has China lowered its own ranking in global financial competitiveness?
A Beijing think tank dropped China’s world ranking to fifth place, behind the US, Japan, UK and Germany following stock market volatility A Beijing-based governmental think tank has taken the rare …
China imposes ‘national security’ rules on overseas investments
China is intensifying its scrutiny of investments overseas with broad “national security” regulations taking effect from Wednesday, at a time of rising tech competition with Washington. Outbound …
China seizes control of Zhongbang Bank as credit risks mount in private lending sector
China’s NFRA seized control of Wuhan Zhongbang Bank over severe credit risks, continuing Beijing’s pattern of intervening in troubled private lenders.
The redback’s rise: How China is weaponizing finance and internationalizing the yuan
NexFuture (03/7/2026): The global financial architecture is undergoing a quiet but profound tectonic shift. For decades, the US dollar has reigned supreme, acting as the undisputed lifeblood of …
China takes over private lender Zhongbang Bank, citing credit risks
China’s financial regulator will take over privately owned online lender Wuhan Zhongbang Bank for one year from July 3, the watchdog said on Friday, marking another step by authorities to prevent …
China unveils high-level financial opening-up policies at Lujiazui forum as renminbi assets gain rising appeal for global capital
China unveiled an extensive array of financial opening-up policies at the 2026 Lujiazui Forum in Shanghai on Wednesday, encompassing a comprehensive offshore finance action plan, offshore renminbi …
Make Hong Kong China’s ‘space finance capital’, legal group urges Beijing
Hong Kong-based Asian Academy of International Law also urges city to enact space asset legislation An independent legal group has proposed that Beijing designate Hong Kong as the country’s “space …
Op-ed: If you think China needs to dethrone U.S. dollar, you don’t understand how it is waging global currency war
It’s misguided to focus on China’s renminbi replacing the U.S. dollar. Beijing is already successfully reducing dependence on a dollar-centric global system.
Big nations snub Beijing bank launch after US lobbying
China will officially launch a new $50 billion Asia Infrastructure Investment Bank on Friday as it steps up its challenge to global financial institutions like the World Bank that it feels are …
Laid-off bank workers protest in Beijing
Hundreds of laid-off former bank employees have attended a rally in Beijing demanding better benefits. Many had outwitted police to be able to attend the protest, which was eventually attacked by …
World Bank to phase out China lending by 2031
The World Bank is set to cease lending to China by 2031, a move reflecting Beijing’s economic ascent. Loans will be capped at $2 billion until then, a significant drop from previous years. This …
World Bank to phase out lending to China by 2031, source says
The World Bank will phase out lending to China by 2031, marking a significant shift in development finance as China’s economy grows. Read more at straitstimes.com. Read more at straitstimes.com.
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