Fentanyl made from Chinese chemicals is killing tens of thousands of Americans. A House committee report found new evidence the Chinese government supports tax breaks to subsidize the drug trade.
Tagged By financials
China’s overproduction of clean energy goods needs to be mitigated, Yellen says
U.S. Treasury Secretary Janet Yellen said on Tuesday that China’s massive investments in advanced manufacturing of clean energy goods have resulted in an unfair playing field that puts American workers and businesses at risk,
Fitch cuts outlook for Chinese state banks from stable to negative citing Beijing’s limited capacity to support them
Fitch Ratings has lowered its outlook for China’s state-owned banks from stable to negative a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the …
China advances financial services for manufacturing industry
China will step up efforts on enhancing financial services for the manufacturing industry, to facilitate the advancement of new industrialization, according to a circular unveiled on Tuesday.
Xi warns Scholz against economic protectionism at Beijing meeting
Chinese President Xi Jinping has warned German Chancellor Olaf Scholz against protectionist economic measures during a meeting at the State Guest House in Beijing. Germany and China depended on …
Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them
The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its…
China urges banking, financial institutions to boost support for manufacturing
China’s regulators today urged banking and financial institutions to have separate credit plans for the manufacturing sector, according to a
China Calls for More Financial Support for Manufacturing Sector
Chinese regulators have urged the nation’s financial institutions to step up financial support for the manufacturing sector, a move that comes amid …
China’s yuan bounces from 5-month low on state bank support, upbeat Q1 data
BEIJING/SHANGHAI: China’s yuan briefly hit a five-month low against the dollar before recouping some of the losses on Tuesday, as upbeat first-quarter economic data and state bank support offset a weakened official midpoint fixing.
Philippines-China Tensions Hitting Peso, Central Bank Chief Says
Tensions between the Philippines and China over competing maritime claims have added to pressures on the peso that has slumped to a seven-month low, and “an escalation would be a big concern” for investors,
China Bank Savings posts record net profit in 2023
CHINA BANK Savings (CBS), the thrift arm of listed China Banking Corp. (China Bank), booked a record net income in 2023, it said on Monday. CBS’ net profit rose by 17% year on year to…
China’s Small-Cap Stocks Extend Rout on Tighter Market Oversight
A selloff in Chinese small-cap stocks extended Tuesday as tighter market oversight pledged by the cabinet sparked fears over the delisting of those with weak financial health.
China’s Central Bank Holds Key Policy Rates, Drains Liquidity From Banking Sector
China’s central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month.
