Chinese-owned companies have lapped up oil from America’s emergency stockpile since the Biden administration decided to sell 180 million barrels last year to lower prices ahead of the midterm …
Tagged By finance
China Development Bank ups loan support for science, technology innovation
China Development Bank, one of the country’s policy banks, issued a total of 261.9 billion yuan (about 38.68 billion U.S. dollars) of loans to support the country’s science and technology innovation …
China’s economy faces major turmoil amid unpaid wages, mass layoffs
If it remains unresolved, the consequences could be high for the ruling Communist Party which is making all efforts to maintain stability amid high youth unemployment, a flagging economy and an …
What will the Year of the Rabbit bring for investors in China?
As China drops its zero-Covid policy, our experts consider what China’s New Year, starting 22 January, has in store.
European Central Bank’s Lagarde says China’s Covid reopening will push inflation higher
China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European Central Bank said Friday.
China reopening will add to global inflationary pressures, ECB’s Lagarde says
China’s reopening after debilitating pandemic restrictions is likely to add to global inflationary pressures as the world’s second-largest economy ramps up commodity consumption, European Central Bank …
Chinese Cite Financial Impact From Covid for Not Wanting to Travel Abroad
Chinese travelers cite financial constraints over the last three years as the leading reason for not wanting to travel abroad.
Why Biden’s chip war on China is straining US alliances
Yet, while the overall amity among Western and allied countries has seemed robust since the Russian invasion, cracks are appearing in one particular area for Biden: the US targeting of China’s …
Billionaire Chairman of China Evergrande Group Has Lost Over 90% of His Fortune
The past few years have not been great for the super-rich in China, particularly those who built their fortune in the country’s once red-hot property market. The net worth of Hui Ka Yan, chairman of…
US wants to oppose China, EU wants to engage it: French finance minister
EUROPE mustn’t get embroiled in a standoff between China and the US, and should instead forge its own path in strengthening economic relations, French Finance Minister Bruno Le Maire said. Read more …
Le Maire Says US Wants to Oppose China, EU Wants to Engage It
Europe mustn’t get embroiled in a standoff between China and the US, and should instead forge its own path in strengthening economic relations, French Finance Minister Bruno Le Maire said.
Krugman, China’s Demographic Crisis, and the Which Way Is Up Problem in Economics
I rarely disagree in a big way with Paul Krugman, but I think he misses the boat in an important way in his piece on China’s alleged demographic crisis.
China’s financial hub Shanghai targets 2023 GDP growth at over 5.5 pct
“China’s financial hub Shanghai expects to notch a year-on-year gross domestic product (GDP) growth of over 5.5% this year”, – according to a government work …
