Beijing:Beijing: China s central bank injected yesterday 150bn yuan (about $22.14bn) into the market via reverse repo operations to maintain …
Tagged By finance
China Hasn’t Given Up on the Belt and Road
Beijing is not giving up on Belt and Road—far from it. But today, the BRI of the popular imagination—a dominant, globe-spanning infrastructure lending project aimed at cementing China’s power—is …
Beijing needs to shake off its ‘public ownership’ dogma to rekindle dynamic economic growth
Beijing’s recent campaign to ‘curb the excessive expansion of capital’ – private capital, of course – is coloured with mistrust of China’s private sector In reality, so-called public ownership is …
China’s Rapid Covid Reopening Tests PBOC’s Easing Path
The calculus behind the People’s Bank of China’s pledge to use monetary policy to bolster the economy has been altered by the faster-than-expected recovery following the scrapping of Covid …
China’s yuan will end US dollar dominance and create a bipolar currency system in the next decade, says ‘Dr. Doom’ Nouriel Roubini
“The intensifying geopolitical contest between Washington and Beijing will inevitably be felt in a bipolar global reserve currency regime as well.” …
China stocks and ETFs drop after the US shoots down suspected spy balloon, raising tensions between the economic superpowers
The “damage has been done on the geopolitical front” between the US and China, one analyst said after the US destroyed China’s high-altitude balloon.
Spy Balloon: Pressure on Biden to Hit Back at Beijing
Pressure is mounting on President Joe Biden to hit back at Beijing with new export controls on sensitive technology after the US shot down a Chinese spy balloon over the Atlantic Ocean. He’s expected …
Bank of America CEO predicts impact on economy amid China and US tensions
Bank of America CEO Brian Moynihan speaks with CNN’s Poppy Harlow about what he thinks the impact on the global economy will be if tensions continue to escalate between the US and China.
Hollywood’s China Predicament: New Law Restricts U.S. Cooperation On Projects Modified To Appease Beijing
The furor over a Chinese spy balloon that flew over U.S. airspace has further chilled D.C.-Beijing tensions, but the entertainment industry already has been swept up in the heightened atmosphere of …
Former chairman of China Zheshang Bank under investigation
Former chairman of China Zheshang Bank is under investigation for suspected violations of law and discipline, an anti-graft watchdog in the eastern province of Zhejiang said on Monday.Shen Renkang, …
China keeps insisting its real-estate market is not in a crisis — even as just about every sign points to the opposite
The IMF recently said China’s real-estate issue needs “further action,” and developers just recorded their worst quarter in years.
Cambodia’s Hun Sen wants ‘back in Beijing’s orbit’ during China visit amid balancing act with US
During this week’s trip to China, Hun Sen is expected to seek financial support for high-speed rail projects and ease Beijing’s concerns about US-Cambodia ties Washington has often warned Cambodia …
China’s Cashless Revolution
China’s fintech revolution was driven by a combination of galling need; great visionary and opportunistic entrepreneurs, like Jack Ma and Pony Ma; regulatory forbearance; politi …