China to aim for ‘clear division’ of central-local responsibilities and coordinated finances, full text of third plenum decisions shows.
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Xi Jinping unveils sweeping plans to fix China’s $9 trillion hidden debt crisis
as foreign leaders accuse Beijing of using exports to compensate for weak demand at home. Giving a larger portion of consumption tax to regions could address both issues by incentivizing officials to …
China’s central bank battles perceptions that deflation is taking hold
HONG KONG — China’s economy faces growing deflationary pressure, and its central bank is trying to keep pessimism at bay by pushing up interest rates. This month, the People’s Bank of China (PBOC) …
Here’s how China can fund its third plenum goal of high-quality development
Given China’s weakened financial position, it must embrace low-cost reforms that drive growth without adding to budget pressures.
Top U.S. general: ‘We’ve got to do better’ at countering China and Russia in America’s own backyard
U.S. officials and private companies have “to do better” at engaging allies across Central and South America to counter aggressive Chinese and Russian moves in the region, SouthCom commander Gen.
China Has Invested a Staggering $169.3 Billion in This Country in 2 Decades
China’s Belt and Road Initiative (BRI) was founded on a desire to increase China’s connectivity with Europe and Africa.
China to Improve Supervision Mechanism for Finance Industry
China will improve its supervision mechanism for the $66 trillion financial sector and regulate all sorts of financial activities, according to the ruling Communist Party’s long-term plan for the …
Beijing promises to support ‘high-quality development’—and signals a tolerance of slower growth
Some Chinese citizens are branding the post-pandemic era “history’s garbage time”, referring to a game when a losing team has no chance of a comeback.
Foreign financial institutions upbeat on China’s economy
BEIJING: Overseas financial institutions have expressed their confidence in the prospects of China’s economy, as the country’s high-quality growth efforts are gradually paying off.
Wall Street’s record hot streak just hit a wall
You can blame China, Trump, Apple, and Nvidia.
Chinese officials expect bumpy ride for economy after policy meeting
By Joe Cash and Liangping Gao BEIJING (Reuters) -Chinese officials acknowledged on Friday the sweeping list of economic goals re-emphasised at the end of a key Communist Party meeting this week …
A new round of Trump tariffs on China would drastically slow its economy
Taking into account the effects of Trump’s 2018 China tariffs, economists from UBS offered a simplified model of what a new round would do, assuming that China doesn’t retaliate, other countries don’t …
Exclusive: Hit by client exits, PwC to slash China partners’ pay
PricewaterhouseCoopers (PwC) has asked its China-based partners to take a pay cut of up to 50%, two people with knowledge of the matter said, as a regulatory probe into the firm and departure of some…
