The world’s biggest miner of the precious metal is rerouting shipments as many of its usual customers shun its goods following the invasion of Ukraine.
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Former CEO of China Everbright’s financial arm under investigation by Communist Party’s anti-corruption body
Chen Shuang, who resigned as CEO of China Everbright Limited in 2019, is being investigated for ‘suspected violations of the law’ He is a justice of the peace, and a member of the Financial Services…
U.S. regulators won’t accept any restrictions on China audit access – sources
The U.S. public company accounting regulator will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, including where firms have been delisted, two …
Official explains why China CBDC should not be as anonymous as cash
Partial anonymity is an important feature of the digital yuan, but a completely anonymous CBDC would interfere with preventing crimes like money laundering and terrorism financing.
China Pledges Serious Consequences For U.S. If Pelosi Visits Taiwan
China’s Foreign Ministry has warned the U.S. of “serious consequences” should U.S. House of Representative Speaker Nancy Pelosi visits Taiwan in a …
China Deploys Bad-Loans Expert to Clean up Henan’s Mess
Ahead of China’s twice-a-decade leadership conclave, Beijing deployed a bad-loans expert to clean up Henan’s festering banking and property mess.
Senate investigation reveals China’s effort to infiltrate Federal Reserve
China is actively trying to recruit U.S.-based economists to feed information back to Chinese officials and has even managed to place cooperating sources inside America’s Federal Reserve banking …
China Seeking to Infiltrate Fed, Senior Senate Republican Says
A senior US Republican lawmaker accused China of a broad campaign to obtain confidential information from the Federal Reserve, including recruiting central bank staffers and detaining a Fed employee …
China Denounces Liz Truss’s Vow to Crack Down on Firms Like TikTok in UK
China rejected as “irresponsible” a pledge by UK prime minister hopeful Liz Truss to clamp down on Chinese-owned companies such as social-media giant TikTok Inc.Most Read from BloombergWho Is Nicole …
Beijing can manage Henan bank crisis and mortgage strike, say analysts
In recent weeks in China, bank protests have erupted in Henan province, where depositors’ bank accounts have been frozen since April, with large numbers of homebuyers refusing to pay their mortgages.
China money rate falls to 1-1/2 year low ahead of month-end demand
China’s key money market rate touched a 1-1/2-year low on Tuesday, showing little sign of stress due to ample liquidity ahead of month-end peak demand for cash.
As China’s economic challenges grow, will investors lose confidence?
Although it’s looking increasingly unlikely that China will hit its 2022 growth target, Beijing is determined not to resort to aggressive stimulus Youth unemployment, the Henan banking scandal, …
China’s Economy Strengthens in July Despite Housing, Covid Woes
China’s economic recovery gained momentum in July as business activities resumed and confidence improved, despite disruptions from sporadic Covid outbreaks across the country. Most Read from …
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