The president stacked his inner circle with loyalists, spooking international investors who swiftly dumped the nation’s assets.
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Xi Jinping provokes a spectacular sell-off in China’s markets
The future of China’s markets will thus be determined by the tug of war between value and values. For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money…
It looks like China’s Xi ‘installed a war cabinet’ and removed the reformers, says Kyle Bass
Hayman Capital’s Kyle Bass says China’s Xi Jinping installed a “war cabinet” and removed all the “reform and opening” people.
China raises key parameter to facilitate cross-border financing
File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang) BEIJING, Oct. 25 (Xinhua) — China on Tuesday raised a key parameter in its …
Britain’s new prime minister will raise hopes in Beijing and concerns in Washington
Less than two months after losing a Conservative Party leadership election, Rishi Sunak is Britain’s new prime minister. Sunak will end Liz Truss’ record-short premiership, which imploded after a …
China’s central bank vows to maintain reasonable credit growth
China’s central bank and the State Administration of Foreign Exchange should maintain a reasonable credit growth and stabilise the macro economy, the People’s Bank of China said in a statement on …
Markets get stark reminder that China is a Communist dictatorship
Global capital fled China en masse Monday in the aftermath of Xi Jinping’s quasi-coronation as the sole power in charge of China. Why it matters: Market moves suggest investors were surprised by the …
China’s fiscal revenue growth speeds up, but land sales earnings slide
China’s fiscal revenue growth picked up pace in September from a month earlier, according to Reuters calculations based on official data on Tuesday, but declining government land sales revenue …
China’s Budget Deficit Nears Record $1 Trillion as Economy Slows
China’s broad fiscal deficit hit an all-time high in the first nine months of the year as Covid outbreaks and a housing market slump continue to erode government income.
The Two Contenders To Be Next Governor Of China’s Central Bank
The ruling party’s twice-a-decade congress didn’t include Governor Yi Gang or Guo Shuqing, party secretary at the central bank, on its leadership list, suggesting changes may be coming. Economists see …
China to impose consumption tax on e-cigarettes from November
China’s Ministry of Finance will impose a consumption tax on e-cigarettes sold in China from Nov. 1, according to a notice published on Tuesday.
China makes it easier for firms to borrow from overseas as yuan drops
China’s central bank and foreign exchange regulator on Tuesday raised the cross-border macro prudential adjustment ratio for corporates and financial institutions, making it easier for domestic firms …
China to promote foreign investment in manufacturing
China said on Tuesday it will promote foreign investment with a focus on manufacturing industries, after President Xi Jinping called in China to “win the battle” in core technologies during the …
