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Tagged By finance
China unveils $72bn tax break for green cars to spur demand
BEIJING/SHANGHAI: China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package to boost sales of electric vehicles (EVs) and other green cars over the next four years to prop up softening …
China Steps In to Support Yuan After Recent Weakness Offshore
(Bloomberg) — China set its daily reference rate for the yuan at a stronger-than-expected level to slow its slide, as the managed currency weakened in the offshore market while there was a holiday on …
Big bosses from GIC, HSBC, Blackstone and Ares have met with China’s wealth-fund managers as markets go from red-hot to losers
As Chinese assets lost their post-pandemic oomph, top bosses from HSBC and Blackstone to Singapore’s GIC headed for Beijing to meet their counterparts at China’s US$1.4 trillion sovereign wealth fund.
How long will the dollar last as the world’s default currency? The BRICS nations are gathering in South Africa this August with it on the agenda
Beijing directly blamed the Fed’s interest rate hike for … Even if there is no movement on the joint currency front, there are multiple issues on which BRICS finance ministers as well as central …
‘Bigger than Watergate’: Trump says Biden will do ‘whatever China wants him to do’
As details emerged about President Joe Biden’s suspected financial connections to China, former President Donald Trump tore into his successor’s compromised position on the world stage […] …
China must act fast to bolster recovery, says senior economic official
Analysts at major international banks have downgraded economic growth forecasts for 2023 after May data showed demand weakened in China and abroad, raising the case for more stimulus. “It is better to …
UPDATE 1-Russian diplomat flies to Beijing as Putin faces challenge to his power
Russia’s Deputy Foreign Minister Andrei Rudenko flew to Beijing for talks with China on “international” issues, amid a major challenge by Russian mercenaries to President Vladimir Putin’s grip on …
Economic Watch: ROK banker expects to unlock new opportunities in China
Kim Won Seob, a banker from the Republic of Korea (ROK) and president of the Industrial Bank of Korea (China) Ltd., has been lately occupied with the bank’s 2023 business expansion plan in China.
China has reopened, so why aren’t Chinese tourists back in S’pore in droves?
Singapore’s high cost is among the reasons given by Chinese tourists for picking other destinations. Read more at straitstimes.com.
China unveils new policies supporting NEV sector, encourages firms to expand overseas
Chinese authorities on Wednesday announced a series of supporting policies to boost quality development of new-energy vehicles (NEVs) with total tax breaks amounting to 520 billion yuan ($72.3 billion …
Zambia has struck a debt deal with China and other major creditors. How will it work?
Beijing is the African country’s biggest bilateral lender and has not taken any haircuts as part of the agreement.
Declassified report shows Covid-19 origins remain a mystery, despite Wuhan lab researchers falling sick in 2019
US intelligence agencies weren’t able to determine whether researchers at laboratory in Wuhan, China, who fell sick in the fall of 2019 were infected with Covid-19, which soon spread around the world, …
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