China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism …
Tagged By finance
China allocates 1.5 bln yuan to repair damaged water conservancy facilities
BEIJING, Aug. 10 (Xinhua) — China on Thursday earmarked 1.5 billion yuan (about 209.57 million U.S. dollars) for repairs to damaged water conservancy facilities in areas severely affected by Typhoon …
Asian Infrastructure Investment Bank too intertwined with Beijing, former communications head says
Canada has halted activity with the bank, but its former director general of communications says Ottawa should leave the institution …
China’s top graft-buster says it detained hundreds of SOE officials in first half of 2023
Number of state-owned enterprises investigated ‘significantly increased’ from same period last year, CCDI says.
China’s International Economic Strategy: Give Me Your Assets, and You Can Have My Yuan
China may be able to displace the dollar and get the critical minerals it wants, all at once, writes Leslie Lipschitz.
China snaps 2023 debt outflow streak as emerging markets shine in July -IIF
data from the Institute of International Finance (IIF) showed on Thursday. Inflows were less than a third of the $10.6 billion poured into Chinese bonds in December as China geared up to lift nearly …
China posts first debt inflows of 2023 with US$3 billion added in July, but weak economy set to limit sustainability
US$3 billion was added to China’s debt market last month, ending a run of sixth straight months of outflows, the Institute of International Finance (IIF) said, but a rebound is unlikely to be …
Biden limits U.S. investments in Chinese A.I. and chip industry in effort to weaken its military’s access to advanced tech
President Joe Biden is regulating what kind of investments U.S. businesses can make in China in a bid to limit access to high tech equipment by Beijing’s military. Alex Brandon—AP President Joe Biden …
Deflation in China:Why prices are falling and what Beijing can do
China is now clearly dealing with a deflation threat. Consumer and producer prices fell together for the first time since 2020, adding to concerns about the health of the world’s second-largest …
Tesla’s sales in China have tumbled and its slumping economy may not be to blame, Bank of America says
China’s economic slump may not be the reason why demand for Teslas in China are waning – consumers are just flocking to local competitors.
The China market is a ‘value trap’ while the U.S. is the ‘biggest’ investment idea: Bank Julius Baer
Bhaskar Laxminarayan, Asia CIO of Bank Julius Baer discusses where he thinks the opportunities for investors are at the moment.
Deflation and default haunt China’s economy
China’s export boom is long over. Its property slump is not. And, therefore, deflation beckons. Ever since China imposed its first brutally effective lockdown on Wuhan in early 2020, its economy has …
‘BRICS bank’ looks to local currencies as Russia sanctions bite
Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told…