CEO of JP Morgan Chase and former board member of the Federal Reserve Bank of New York, Jamie Dimon is recognized as the nation’s preeminent banker. Since 2005, when he became head of JP Morgan,…
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U.S., China trade blame as hopes for military dialogue fade
U.S. Secretary of Defense Lloyd Austin rebuked China on Saturday for refusing to hold military talks, leaving the superpowers deadlocked over Taiwan and territorial disputes in the South China Sea.
US eyes chance to challenge China’s dominance in key African trade corridor
The US has been trying to carve out access to critical minerals in Africa, but China controls most of the market for processing and refining the minerals, including cobalt, lithium and graphite, which …
The Next Big Risk For China’s Economy Is $9 Trillion of Debt
The International Monetary Fund has estimated that their debts have nearly doubled over the past five years to about 66 trillion yuan ($9.3 trillion) — equivalent to more than half of China’s annual …
U.S. defence chief tells China talks essential to avoid crisis
United States Secretary of Defense Lloyd Austin said on Saturday he was deeply concerned by China’s unwillingness to engage on military crisis management, warning that talks are key to avoiding …
CIA director visited China last month as US seeks to reset relations
CIA Director Bill Burns secretly traveled to China last month, a US official told CNN Friday, amid efforts by the United States to reset relations with Beijing after a year of extremely heightened …
CIA Director Burns made secret trip to China: report
President Biden reportedly dispatched CIA Director Bill Burns to Beijing last month to meet with Chinese officials and emphasize Washington’s pursuit of maintaining open lines of communications in …
Fuzhou real estate body cancels commission-sharing plan for home purchases, apologises for ‘inaccurate grasp’ of Beijing policy
A real estate industry body in Fuzhou, in China’s Fujian province, retracted a suggestion that home sellers share half of commission costs, citing its ‘inaccurate grasp’ of a policy Beijing introduced …
Hong Kong stocks poised to rebound as monetary easing boosts China’s economic recovery, says Hang Seng Qianhai Fund Management
Hong Kong stocks are likely to rebound from heavy sell-offs in the second half of the year as a potential easing of monetary policy boosts China’s economic recovery, says Hang Seng Qianhai Fund …
China’s quandary: Bail out debt-laden cities, or risk disruptive defaults?
And then came complaints from residents in Nanning, a city near China’s border with Vietnam, about public parking being auctioned off as a way to secure new loans. Across China local governments, …
Half of China Cities Face Debt Service Difficulty, Rhodium Says
Financial stress faced by China’s local governments is limiting fiscal support for the economy’s recovery, with half of cities facing difficulty in managing the interest payments on their debt last …
China’s stock market sees continuous foreign capital inflow
Foreign capital has continued to flow into China’s stock market this year, with a net influx of 170 billion yuan ($24 billion) through stock connect programs recorded in the first five months, Fang …
Bank of China chairman visits PNG amid Sino-U.S. rivalry
Bank of China chairman Ge Haijiao has traveled to Papua New Guinea (PNG) as the world’s fourth-largest bank seeks an operating license in the Pacific islands nation, which is seeking to boost China …