The world’s two great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by…
Tagged By finance
Biden’s Push for World Bank Funds to Compete With China Stalls
A US plan to raise billions of dollars in additional resources for the World Bank to counter China’s lending to the developing world has stalled less than nine months after President Joe Biden made it…
WRAPUP 3-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
(Adds Asia investment banking outlook in the 6th and 7th paragraphs; and China IPO data in the 11th paragraph) HONG KONG, April 17 (Reuters) – Morgan Stanley and HSBC are cutting dozens of investment …
China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a …
Chinese automaker FAW’s auto finance unit launches loan with no down payment
The auto finance arm of China’s state-owned automaker FAW Group has launched a loan programme with no down payment, becoming one of the first providers to make such a move since the removal of …
Price Wars, Foreign Counterstrike: What’s Ahead At The Beijing Auto Fair
Beijing will be center of attention in the global auto industry later this month with the opening of China’s most important exhibition this year, Auto China. The stakes are big for domestic brands …
China-US financial group meets in Washington
The China-US Financial Working Group held its fourth meeting co-chaired by Xuan Changneng, deputy governor of the People’s Bank of China, and Brent Neiman, assistant secretary of the US Department of …
China Starts Inspections of Financial Regulators, Largest Banks
China kicked off new anti-graft inspections of some of its largest state lenders, the central bank and key regulators, the first broad probe since a round in 2021 that sent shock-waves through the …
Rinehart’s New Attack On China’s Rare Earth Dominance
Australian iron ore billionaire Gine Rinehart has revealed a 5.82% stake in Lynas Rare Earths, lifting the lid a little more on her rare earth plans.
Report: China continues to subsidize deadly fentanyl exports
Fentanyl made from Chinese chemicals is killing tens of thousands of Americans. A House committee report found new evidence the Chinese government supports tax breaks to subsidize the drug trade.
China’s overproduction of clean energy goods needs to be mitigated, Yellen says
U.S. Treasury Secretary Janet Yellen said on Tuesday that China’s massive investments in advanced manufacturing of clean energy goods have resulted in an unfair playing field that puts American workers and businesses at risk,
Fitch cuts outlook for Chinese state banks from stable to negative citing Beijing’s limited capacity to support them
Fitch Ratings has lowered its outlook for China’s state-owned banks from stable to negative a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the …
China advances financial services for manufacturing industry
China will step up efforts on enhancing financial services for the manufacturing industry, to facilitate the advancement of new industrialization, according to a circular unveiled on Tuesday.
