With the economy top-of-mind for voters heading to the polls, one finance expert is sounding the alarm about … Harris’s lack of conversation surrounding tariffs and really confronting China head on, …
Tagged By finance
China’s forex reserves should move away from US dollar to curb risks: economist Zhang Ming
Possible future sanctions from the US’ under a new US president have set off alarms in Beijing’s policy circles.
China is sending military gear into orbit at a ‘mind-boggling’ pace, says US Space Force chief
Gen. Chance Saltzman, head of the US military’s space operations, is more worried about China’s space capabilities than Russian nuclear space weapons.
State treasurers push for divestment from China citing ‘red flags’ regarding CCP control
Financial officers from 15 states urge public pension fund managers to divest from China-based investments due to CCP control over firms, citing “imprudence.” …
China maintains it’s a developing country amid calls to contribute to UN climate fund
Wealthy nations are expected to set a new global climate finance target beyond 2025. Read more at straitstimes.com.
China Policy Meeting Next Week Can Tip Economic Recovery Scales, or Disappoint Again
Markets hope for a blockbuster fiscal package aimed at the economy’s weak spots. But optimists have been burned before and there’s a higher degree of skepticism this time around.
Consumer giants sceptical of China’s economic recovery
Oslo | London | Paris | Carlsberg, Estée Lauder and AB InBev have warned of a sales slump in China, underscoring the difficulty for Beijing in reviving the fortunes of the world’s second-largest …
IMF warns of risks to Asia’s economy as trade tensions, soft China growth bite
“China’s policy response is critical in this context,” it said … official agenda at last week’s International Monetary Fund and World Bank annual meetings, finance leaders spent much of their energy …
China’s central bank conducts 500 bln yuan of outright reverse repos in October
China’s central bank said on Thursday it conducted 500 billion yuan ($70.24 billion) of outright reverse repurchase agreements in October.
China’s central bank holds steady with 200 billion yuan net bond purchase
Consistency of bond purchase, kept at the same level as previous month, seen as key gauge of China’s monetary and fiscal policy coordination.
BIS to leave China-backed central bank digital currency project
The Bank for International Settlements said on Thursday it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by China will evolve at a time …
Janet Yellen and Chinese central banker discuss financial monitoring and money laundering
US Treasury Secretary Janet Yellen has met with China’s deputy central bank governor Xuan Chengneng in Washington this week to discuss coordination on financial market monitoring and money laundering.
China’s Safest Banks 2024
Its GDP is forecast by the International Monetary Fund to decline to 5% in 2024 from 5.3% in 2023, falling to 4.5% in 2025. To help bolster the weakening economy and ailing real estate sector,…
