Streets in China’s capital Beijing were quiet on Friday as residents heeded the advice of authorities to work from home to stop the spread of COVID-19, while officials in locked-down Shanghai said …
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Beijing reports 42 new symptomatic COVID-19 cases for May 12
China’s capital Beijing reported 42 new locally transmitted symptomatic coronavirus cases for May 12, up from 35 a day earlier, official data showed on Friday. The city also reported 8 asymptomatic …
China Shares Expected To Be Rangebound On Friday
The China stock market on Thursday ended the three-day winning streak in which it had advanced almost 60 points or 2 percent. The Shanghai Composite Index now rests just beneath the 3,055-point …
China Rate Cut in Focus as Economy Counts Cost of Covid Zero
China will likely report the weakest monthly economic indicators since the outbreak of the pandemic two years ago, putting pressure on the central bank to boost stimulus to support growth.Most Read …
China calls for deeper ASEAN+3 cooperation
China will join hands with other member states in promoting innovation and exploring new areas of regional financial cooperation, Liu said. Efforts should be made to advance the development of the …
UPDATE 1-With China in focus, Biden makes $150 million commitment to ASEAN leaders
U.S. President Joe Biden opened a gathering of Southeast Asian leaders with a promise to spend $150 million on their infrastructure, security, pandemic preparedness and other efforts aimed at …
Hong Kong finance sector teams up with universities to plug green finance and ESG talent gap, tap China opportunities
Hong Kong needs more professionals who are well versed in the classification of projects that would qualify for environmentally-friendly funding, seminar hears Some US$70 trillion of green financing …
Cannabis banking bill gets bipartisan Senate push
A bipartisan group of Senators are urging leaders to include a stalled cannabis banking bill to be included in any forthcoming U.S.-China trade legislation. “The House has now passed the SAFE Banking …
China urges deeper ASEAN Plus Three ties in financial sector: official
Financial collaboration among the member states of the Association of Southeast Asian Nations, China, Japan and the Republic of Korea (ASEAN Plus Three) should be promoted to address new challenges …
Lawmakers press for semiconductor manufacturing tax credits on China bill
A joint effort by Republicans and Democrats to append tax credits onto an economic bill focused on competition with China is underway in the Senate as the bill entered conference negotiations on …
Amid surging inflation, U.S. trade groups, economists urge removal of China tariffs
Several White House officials, as well as President Joe Biden himself, have signaled that the administration is weighing whether to dismantle at least some of former President Donald Trump’s tariffs …
China’s Covid battle intensifying sell-off risks in metals
The sell-off in base metals continues after Beijing ratcheted up Covid containment measures. The confidence shock in the market has seen copper briefly …
Egypt considers issuing bonds in China’s yuan
Egypt may soon sell bonds that are priced in China’s currency the yuan. Minister of Finance Mohamed Maait made the announcement yesterday alongside the People’s Republic’s A …