President Xi Jinping and his senior officials pledged to shore up China’s battered economy next year as the deaths of two veteran state journalists highlighted the worsening spread of Covid-19 in the …
Tagged By finance
China Risks Slowdown as COVID-Zero Policy U-Turn Threatens to Bring a Million Deaths
Decision to abandon lockdowns in favor of a rapid re-opening follows protests amid a painful economic slowdown …
China agrees to formation of global sovereign debt ’roundtable’ -IMF chief
Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would include a wide variety of stakeholders, including private sector creditors, International Monetary Fund …
State Department launches ‘China House’ amid rivalry with Beijing
The U.S. State Department on Friday launched its long-planned “China House” unit, an internal reorganization to help expand and sharpen its policymaking toward its top geopolitical rival. Secretary of …
China ADRs To Climb The Great Wall Of Worry As PCAOB Resets HFCAA Clock, Week In Review
Asian equity markets had a mixed performance week as the PCAOB announced breaking news, Pfizer’s COVID treatment was approved, and The Central Economic Work Conference (CEWC) concluded today.
Chinese capital Beijing reports first COVID deaths since policy easing
Two former Chinese state media journalists have died in the capital Beijing in recent days due to COVID-19, local media reported on Friday, among the first reported fatalities since most epidemic …
Beijing’s COVID Surge Stretches City’s Delivery Workforce
Courier companies are transferring workers from other cities and offering more pay to meet the demand for mounting orders.
Citigroup to Pull Out of Consumer Banking in China
The move is part of a wider step back from the business in Asia and elsewhere.
Progress in China-US audit oversight cooperation welcome: CSRC
U.S. audit oversight cooperation, the country’s top securities regulator said on Friday. On Dec. 15 local time, the U.S. Public Company Accounting Oversight Board (PCAOB) confirmed that it was able to …
China central bank pumps liquidity
China’s central bank has added liquidity to the banking system via operations of medium-term lending facility (MLF) and reverse repos.
Citi’s exit from China retail banking business to affect 1,200 employees
Citigroup first announced plans to exit consumer banking in 14 markets internationally, including mainland China, last year. It has since announced sales in nine markets.
China And The US At Odds As Globalisation Falters And Strategic Autonomy Rises
Strategic competition between the large regions will be the dominant theme acting on international political economy in 2023. In this note, we focus on a key element of this – globalisation and the …
China’s recovery is key to the 2023 outlook for industrial metals and more
Commodities in 2023 look to perform much like they did this year, with tight supplies boosting energy. Metals may get a lift from a recovery in China …