Beijing appears to have successfully offset its trade war with the US, as the rest of the world buys more from China than ever. While exports to the US are down, China has made up…
Tagged By finance
China goes for financial overhaul, sets up new dept to headline govt debt fight
The new debt management department — now formally listed — will oversee the design and implementation of government debt policies, manage the issuance and redemption of government bonds, and help dete …
China sets up new department to spearhead government debt clean-up drive
The move comes as Beijing steps up efforts to clear up masses of ‘hidden debt’ accumulated by local governments.
Trump says no Blackwell chips to be sold to China — Nvidia re-entry into Beijing nixed despite temporary trade truce
Despite a trade truce, Trump has just made it clear that Nvidia’s flagship AI GPUs from its Blackwell lineup will not be allowed to be sold to China.
China VP hopes Hong Kong can strengthen financial links with mainland
Chinese Vice Premier He Lifeng said on Tuesday he hopes Hong Kong will strengthen co-operation with mainland China’s economic and financial sectors which would allow the city to enhance its status as …
China cuts gold tax exemption as state bank stops gold product enrolments
SHANGHAI (Reuters) -A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metal that is likely to hit retail …
Global influence of Beijing’s Financial Street hits new high
The Annual Conference of Financial Street Forum 2025, held in Beijing from Oct 27 to 30, featured 38 high-level parallel events, drawing over 400 ministerial-level officials, leaders of international …
China’s finance ministry sets up new debt management department
China’s Ministry of Finance set up a new debt-management department, it said on Monday, the latest step in its effort to rein in local debt risks as the economy slows. The department’s main …
China cuts gold tax exemption for some retailers which may curb buying
China ended a long-standing tax exemption policy for some gold retailers on Saturday, potentially setting back a buying spree for the precious metal in the world’s biggest consumer market. Beijing wil …
Xinhua Silk Road: Annual Conference of Financial Street Forum 2025 concludes with fruitful results
The Annual Conference of Financial Street Forum 2025 concluded on Thursday with a theme event on international economic and trade resilience cooperation amid global transformations.
Indonesia’s China-backed bullet train derailed by mounting debt
The Indonesian government is in debt negotiations with China over its $7.3bn “Whoosh” bullet train, as the Beijing-backed high-speed railway racks up losses and risks creating an unmanageable debt …
Gold Falls on Reports of China’s Finance Ministry Ending Tax Incentive for Gold Sales
Gold fell in the early Asian session on reports that China is ending a tax incentive for sales of the precious metal, effective Nov. 1.
Bitcoin Eyes Liquidity Race As Fed Injects $29 Billion While China Floods Markets
The Fed’s $29B repo injection and China’s record liquidity push signal a global easing wave that could ignite Bitcoin’s next major rally.
