China has set a target of approximately 5% economic growth in 2023, its lowest target in over 30 years while increasing its defense budget. What Happened: President Xi Jinping is seeking to restore …
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After 2020, 2022 Second-Worst Year For China’s Economy Since 1970s: Report
The Chinese Communist Party’s (CCP) two sessions of top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) …
China’s two new targets: Lower GDP and increased military spending
The Chinese Communist Party’s (CCP) two sessions of the top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product …
China’s FX Regulator Says No Change in Policy on Cross-Border Remittances
BEIJING (Reuters) – China’s foreign exchange regulator said on Monday that … adding that it will guide and urge commercial banks to optimise cross-border financial services and improve service …
UBS Rejigs Asia Technology Banking Team as China Deals Slump
UBS Group AG reshuffled its telecommunication, media and technology investment banking team in Asia-Pacific, naming new heads to replace a China veteran as dealmaking in the world’s second-largest …
China sets out economic, political, military vision
A look at the day ahead in Asian markets from Jamie McGeever.Asian markets will likely open on the front foot on Monday, following Wall Street’s whoosh higher on Friday, but a raft of Chinese economic…
Fidelity, Neuberger Berman latest foreign entrants in China’s US$3.7 trillion mutual-fund market
Plan to build a diversified financial-services company in China, with a strong footprint in pensions and asset management, Fidelity executive says US asset manager Alliance Bernstein also given the go …
Financial parasitism and the war drive against China
The political establishment, both the Democrat and Republican parties, as well as state intelligence agencies and numerous imperialist think tanks have made it clear that high-tech development in …
Nation’s economy is improving steadily: Beijing
Mainland authorities on Monday described last year’s economic progress as “very impressive”, in the face of a turbulent external financial …
China’s monetary policy supports high-quality growth: central bank governor
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing. [Photo/IC] BEIJING– China’s prudent monetary policy has provided a favorable financial environment for …
China confident of achieving 2023 economic growth target: state planner
China is confident of achieving its 2023 economic growth target as the economy picks up, the vice head of the state economic planner said on Monday, after China set a modest growth target of around…
China to ramp up military spending by 7.2%, eclipsing rate of economic growth
China is planning to surge its defense budget by 7.2%, a higher rate of expansion than its “around 5%” economic growth objective for 2023.
‘I can’t get my money out’: Billionaire investor Mark Mobius says China is restricting flows of capital out of the country
The previous executive chairman of Templeton Emerging Markets Group said he’s been able to get his money “in and out” of the financial center. Mobius’s warning came days before China’s President Xi …
