China’s central bank sounds alarms after cutting short-term lending rates with more cuts likely to come. Vice President of General Economics and Trade at the Cato Institute Scott Lincicome joined The …
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Republicans demand answers after top official backs out of hearing on China ahead of Blinken trip
House Republicans are demanding answers after a top State Department official canceled a congressional subcommittee hearing ahead of Secretary of State Antony Blinken’s trip to Beijing.
The world needs to ‘de-risk,’ but not against China
While acknowledging that China promotes world peace in diplomatic practice and is irreplaceable in merchandise trade with the EU, she still argues that China poses risks. When China and the EU are …
Ex-AIIB comms chief says was advised to flee China after fiery resignation
By Laurie Chen BEIJING (Reuters) – A senior employee of the Beijing-based Asian Infrastructure Investment Bank (AIIB) said on Thursday he was advised to flee the country after resigning from the bank …
Billionaire Ken Griffin Is Bullish on China. That Could Be Good News for the U.S., Too
Another reason Griffin views China’s performance as being critical to the U.S. economy is that inflation in the U.S. could remain sticky. While Griffin acknowledges that inflation is falling, the …
China’s private sector struggles as economic growth falters in May, youth unemployment hits new high
China’s economic growth continued to lose momentum in May amid weak retail sales and industrial production, while youth unemployment rose to a record high, data released on Thursday showed.
China scrambles to support its economy with another interest-rate cut as recovery sputters
The People’s Bank of China is scrambling to support the economy amid signs of stagnant growth. The PBoC’s latest move comes after it cut short-term interest rates to 1.9% earlier this week. Sign up …
A new super-regulator takes aim at rampant corruption in Chinese finance
H ardly a day passes without someone in Chinese finance “falling off his horse”, or coming under a corruption investigation. State media warned on June 5th that the banking industry is infested with …
Alibaba, Baidu, JD.Com Rise After China’s Central Bank Cuts Another Interest Rate
Worries about growth are feeding expectations that Chinese authorities will do more to stoke demand in the near future.
China fights waning market confidence as analysts deliver ‘not enough’ message on stimulus to rev up economy, equities
Some analysts are putting pressure on Beijing to do more, saying two key moves this week are not enough to rejuvenate the economy and stock prices Benchmark index stocks in mainland China and Hong …
A top Russian banker says the dollar’s dominance is ending — but China’s yuan is gaining prominence
Kostin’s assessment of the dollar’s clout and the yuan’s rise came amid an intense debate over de-dollarization that has raged on for the past year.
China’s central bank continues to add liquidity, hints monetary easing ahead
As anticipated, PBC has slashed its one-year medium-term lending facility (MLF) rate by 10 basis points to 2.65% from 2.75%, following a seven-day reverse repo rate cut of 10 bps to 1.90 percent on …
Canada suspends work with Chinese-founded development bank while it investigates complaints
Canada’s finance minister says it is suspending activity with a Chinese-founded development bank while it investigates complaints by a Canadian who resigned from the lender …