The writer is an economist and also sits on the board of the Bank of China (UK). He writes in a personal capacity China faces a currency trilemma. Should its policy be for the renminbi…
Tagged By financials
Hong Kong must grow despite persistent US-China trade tensions: Paul Chan
City’s finance chief outlines efforts to diversify economy and wants Hong Kong to overtake Switzerland as world’s biggest wealth management centre Challenges and volatility will persist despite a …
China closes gap with U.S. as African countries, others join yuan payment system
China has added more financial institutions from Africa, the Gulf, and Central Asia to its cross-border yuan payment system, a bold move to strengthen the global role of its currency amid intensifying …
Could China’s rare earth pivot ease strain on the automotive sector?
China has approved some rare earth export licences, offering slight relief to strained global supply chains. Yet with shipments still down sharply and licensing opaque, Europe’s auto sector remains …
Israeli strikes big worry for Iran’s economic lifeline China, its years-long West Asia gambit at risk
Israel’s recent attacks on Iran have raised serious concerns in China, threatening to disrupt Beijing’s key energy supply routes and its hopes for a bigger role in the region, according to a report …
China’s Central Bank Seeks Bigger Role for Yuan on Global Stage
Pan Gongsheng, governor of the People’s Bank of China, called for an international monetary system in which “sovereign currencies coexist and compete with checks and balances.” …
China’s fiscal revenue falls 0.3% in January-May period
China’s fiscal revenue shrank 0.3% in the first five months of 2025 from a year earlier, narrowing a 0.4% decline in the January-April period, finance ministry data showed on Friday. Fiscal …
China’s Economic Earthquake – $300 Billion Is Falling, and It’s Just the Beginning
Evergrande’s collapse isn’t just about one massive Chinese real estate company – it’s about contagion. In a highly interconnected economy, the fall of a single company can trigger a chain reaction …
China uses HSBC bank as political tool against dissidents
Numerous pro-democracy activists and government critics from Hong Kong have had their accounts frozen by banking giant HSBC. The actions are raising concerns over China’s growing influence on …
China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
Xi Focus: Think tank report expounds on China’s financial development path
BEIJING — A report released on Thursday traces Xi Jinping’s exploration of the path of financial development with Chinese characteristics when he worked in East China’s Fujian province, and also …
China keeps key lending rates steady after May cut as U.S. trade deal eases growth worries
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
China expectedly keeps key lending rates steady after May cut
The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
