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 …
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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 …
Canadian pension fund CDPQ puts brakes on China investment, Financial Times reports
Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office this year, the Financial Times reported …
China’s insurance sector surpass expectations says new regulatory body
The performance of China’s insurance sector was better than expected in the first three months, the new regulatory body tasked with supervising the country’s financial sector announced in its first …
Canadian pension fund CDPQ puts brakes on China investment – FT
Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office later this year, the Financial Times …
Bubs on track in the US, China sales falter
Sales in China for the year to June 30 have collapsed to an estimated $13.5 million and $13.8 million versus $53.6 million in the last financial year. Bubs’ new chairwoman, Katrina Rathie, is leading …