Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credi …
Tagged By financials
WRAPUP 1-As Beijing outbreak persists, China hits back at ‘zero COVID’ doubters
Residents of Beijing fretted over anti-virus restrictions curbing their movement while also worrying about the dozens of new COVID-19 cases reported daily, as China’s leaders threatened action against …
Former deputy head of China Development Bank being prosecuted for taking bribes, issuing illegal loans
Beijing’s procuratorial organs moved to prosecute He Xingxiang, former deputy head of China Development Bank for allegedly taking bribes, issuing loans illegally and concealing offshore deposits, …
China round-up: April PMIs hit by lockdowns
China posted a set of weak Purchasing Managers’ Index (PMI) data for April against the backdrop of the latest Covid-19 outbreak in the Mainland. The official manufacturing PMI stayed in the …
Weekly Must-Read: Five Things to Know About China’s Draft Rules on Local Financial Institutions
Caixin Global’s Top Stories of the Month newsletter brings you the most popular news coverage over the past month. You can opt-in now and get handpicked news coverage delivered to your inbox each …
China Tech Stocks Face Renewed Selling as Growth Worries Mount
China’s technology stocks slumped, tracking a tumble in its U.S.-listed peers, as growth worries from the nation’s Covid Zero policies and lack of concrete measures to support the sector triggered …
China Orders Government, State Firms to Dump Foreign PCs
(Bloomberg) — China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within two years, marking one of …
US-China tech war: Surveillance giant Hikvision faces fresh, tougher scrutiny in Washington
Washington may impose fresh sanctions on Hikvision for its alleged involvement in human rights violations in Xinjiang region, China …
International Finance Forum Calls for Global Cooperation as Inflation Continues
International Finance Forum (IFF) is urging countries and regions to work better together to fight against worsening global inflation, in a bid to bring recovery of the global economy back on track.
Are China’s Shadow Banking Regulations Contradicting Its Push for Common Prosperity?
The sector emerged for a reason: small- and medium-sized enterprises desperately need alternative sources of funding.
Iron ore price rises on optimism over China central bank support
China’s central bank said it would take monetary policy steps to help businesses hit by the covid-19 outbreak.
China’s “zero Covid” policy could have a greater economic impact than the Ukraine war
Alicia Garcia Herrero, Senior Fellow at Bruegel and chief economist for Asia-Pacific at Natixis, has recently published an article in the Asia Times where she argues that China’s “zero-Covid dynamics” …
China (Mainland) May Move To Limit Impact Of U.S. Financial Weapons
The internationalization of the RMB and its potential emergence as a major reserve currency are related but not equivalent. Click here to know …