Currently, South Korea’s decision to allow the U.S. to deploy an advanced missile defence system on the peninsula has culminated in a series of retaliatory measures from Beijing, including closing Lotte stores in China, limiting…
Tagged By finance
Beijing would be wise to show restraint over HK election
former financial secretary John Tsang. This appears to be the rationale for Beijing’s open interference in the Hong Kong election, even though Lam herself has warned that such favoritism by Beijing may be counterproductive, making…
China raises short-term interest rate follow US increase
BEIJING, China – China’s central bank raised short-term interest rates Thursday following the U.S. rate increase as Beijing tries to shore up the value of its currency and stanch an outflow of money. The People’s…
US to confront trade partners at global finance meeting
Last year’s gathering of the Group of 20 finance ministers in Chengdu, China, issued a statement opposing “all forms of protectionism.” This time, such unequivocal language could be softened to refer to trade that is…
China lifts short-term rates for third month straight to steady yuan, battle debt
“The higher U.S. rates and tightening of U.S. monetary policy could trigger further capital outflows and have some negative impact on China’s financial system,” Nomura economist Yang Zhao said. “I think they want to stabilise…
Saudi king's visit highlights China's Middle East engagement
BEIJING — A visit to Beijing by Saudi Arabia’s King Salman is highlighting China’s budding engagement with the Middle East, which provides a crucial source of energy to fuel its economy and represents a key…
No evidence yet for official response to China in missile spat – South Korea finance minister
SEJONG, South Korea: South Korea does not have firm evidence that China has retaliated for Seoul’s deployment of a U.S. missile defence system so no action has been taken against Beijing yet, South Korea’s finance…
China begins new work on disputed South China Sea islands
New satellite images show that China has started fresh construction work in the disputed South China Sea, a sign that Beijing is continuing to strengthen its military reach across the vital trade area. Samantha Vadas…
China’s Banks and the Problem of Bad Debt
Late last year, moreover, the Bank for International Settlements (BIS) stated that China was within three years of a serious financial crisis. The bank reported that the country’s credit-to-GDP gap—a measure that the BIS uses…
Bank of China applies to set up Irish branch
BANK OF CHINA has applied to the Central Bank for a licence to set up an Irish branch. The partially state-owned bank has operations in the UK, and an aircraft leasing operation in Ireland. Business…
China c.bank's Feb net FX sales lowest in 9 months as yuan steadies
BEIJING China’s central bank in February sold the smallest amount of foreign exchange in nine months, supporting the government’s assertions that capital outflows are easing amid tighter scrutiny of cross-border flows. Net foreign exchange sales…
Bank of China to set up Irish branch as trade links grow
Bank of China, the 64 per cent state-owned bank, has applied to set up an Irish branch of its UK operation to capitalise on growing commercial links between this State and the world’s second-largest economy.…
In China, talk of ‘super-financial regulator’ is cheap – until next crisis hits
Financial crises are said to come once a decade – the Black Monday market crash of 1987, the Asian contagion in 1997 and the global financial crisis of 2007. If true, we’re about due for…
