Machines, big and small, all rely on one component, semiconductor. Be it computers, telecommunications, household appliances, banking, security, healthcare, transportation, manufacturing, and last but not least, war-making machinery, all depend upon semiconductors. So, it won’t be unreasonable to say that… Read More ›
Global investors have withdrawn money out of China on an “unprecedented” scale since Russia invaded Ukraine in late February, according to a report by the Institute of International Finance (IIF), with the yuan likely to face more pressure in coming… Read More ›
China is now reacting to the failure of real estate developer Evergrande, with $310 Billion in debt. The AP reported: China’s central bank expanded the supply of money for lending Monday as Beijing tried to reassure its public and investors… Read More ›
China has said it wants a greater role in setting the rules for the international digital economy and criticised the United States for trying to use the international order to contain it. On Friday, foreign vice-minister Xie Feng told a… Read More ›
The China Daily announces that China is the country in the world that has the greatest sensitivity to the protection of bio diversity. At the same time, the crisis in the cost of natural gas forces China to increase the… Read More ›
How worried should observers be about China’s economy? As recently as midsummer, that seemed like an academic question geared to the long term. In recent months, observers who were already concerned were further dismayed whenever Beijing moved to reel in… Read More ›
For almost half a century, Chinese officials have overseen one of the greatest economic transformations in human history. The country has gone from collectivized farms and famine to world-leading tech companies and gleaming megacities connected by superfast trains. More than… Read More ›
The situation in China is much worse than originally thought. The largest property market in the world is set to collapse and the ramifications will impact the entire world. We’ve been discussing China’s economic issues for years. Recently this was… Read More ›
Tax every major financial transaction for social equity by a fraction and allocate the funds to redistribution initiatives. The Tobin tax is the shattered dream of the anti-globalist left, even if its history is slightly more complex. Formulated in 1972… Read More ›
China intensified its crackdown on cryptocurrency on Friday, declaring all financial transactions involving cryptocurrencies illegal and issuing a nationwide ban on cryptocurrency mining, the power-hungry process in which vast computer networks compete for newly created crypto tokens. Bitcoin, the world’s… Read More ›
China’s technology giants have seen a combined $823bn wiped from their market value since a February peak as the Xi Jinping-led government expands its crackdown, fueling continual sell-offs. Bloomberg reported that Chinese authorities issued a sweeping warning to the nation’s… Read More ›
Investment in China’s unprofitable rail sector has slowed as Beijing clamps down on excess debt, contributing to signs that growth of the world’s second-largest economy has begun to lose steam, according to analysts. But despite Beijing’s debt concerns, it is… Read More ›
Shanghai has just replaced Hong Kong as the ‘most expensive city’, according to Swiss private bank JuliusBär Group’s Global Wealth and Lifestyle Report 2021 (Juliusbaer.com 2021 Apr 8). By comparing Shanghai on the socialist mainland and HK as a champion… Read More ›
The New York stock exchange has begun the process of delisting three Chinese telecoms companies as it seeks to comply with an order by the Trump administration barring investment in firms with ties to the Chinese military. It comes as… Read More ›
The correct description of the Western reaction to the deal as “… greeted with a shrug by underwhelmed analysts” by a brilliant Jan 4 China News essay has exposed the understated insanity that many mainstream pundits remain ignorant and naïve… Read More ›
This month, China released its third-quarter economic indicators, including a GDP growth rate of 4.9 percent. The figures confirmed that the country is on track for an economic recovery after the first wave of the COVID-19 pandemic. For the whole… Read More ›
It’s hard for those of us who live outside of China to grasp how paying for everything has gone digital in the country. Most businesses there, from the fanciest hotels to roadside fruit stands, display a QR code — a… Read More ›
RMB200 digital cash was given freely to each of 50,000 consumers selected by a lottery in Shenzhen, mainland China, in early Oct as an experimental trial for use (Reuters Oct 19). Each consumer is given a ‘digital wallet’ with the… Read More ›
There was much ado on Bloomberg and other financial news services when the People’s Bank of China (PBoC) announced last Saturday that financial institutions no longer need to set aside cash for risk reserves when purchasing foreign exchange for clients… Read More ›
The influential journal Foreign Affairs 2020 Sept 16 came to my mailbox with these paragraphs: “… There is broad bipartisan support in Washington for taking a tougher approach to trade with China and reducing U.S. dependence on Chinese goods. But… Read More ›
“Gold prices rose through and $10 above the $2000 per ounce level in London trade Tuesday (Aug 18), peaking $65 below early August’s record spike ($2,075 on Aug 7) …” “Silver meantime outpaced gold prices once more, rising back above… Read More ›
China have long been suspected of fabricating their GDP to attract more foreign investment. This video reveals why and how they are doing it.
Sen. Martha McSally, R-Ariz., introduced a resolution Thursday calling on China to repay U.S. bondholders more than $1.6 trillion of sovereign debt, including interest, that pre-dates the country’s Communist government. The measure is co-sponsored by Sen. Marsha Blackburn, R-Tenn., and… Read More ›
A proxy for the contest between American and Chinese capitalism will take place in developing countries, where institutions are manifestly not coping with the economic recession triggered by Covid-19. The two billion people who work outside the global financial system… Read More ›
For nearly 60 years, export-led development strategies have propelled economic growth throughout the Asia-Pacific. The famous “four tigers” – South Korea, Hong Kong, Taiwan and Singapore – rapidly sped up industrialisation by exporting goods in which they had a comparative… Read More ›
China has reportedly picked US targets to strike back at in response to new restrictions on its telecom giant Huawei, as Washington attempts to cut the firm off from global semiconductors supplies. As tensions continue to escalate between the world’s… Read More ›
As the Trump administration seeks ways to penalize China for its handling of the COVID-19 pandemic, it need look no further than Tennessee. The Lewisburg, Tennessee-based American Bondholder Foundation holds $1.6 trillion of century-old Chinese debt, including interest, dating to before… Read More ›
China faces a drawn-out struggle to revive an economy that suffered its biggest contraction since possibly the mid-1960s after millions of people were told to stay home to fight the coronavirus. The world’s second-largest economy shrank by 6.8% from a… Read More ›
China has been the highest contributor to global economic growth for more than a decade. The capitalist market reforms introduced by Deng Xiaoping in 1978 paved the way for its impressive growth journey. China has set one of the best… Read More ›
China’s industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the fast spreading coronavirus and strict containment measures severely disrupted the world’s second-largest economy, data showed on Monday. Urban investment… Read More ›
China is slowly starting to get back to work, as it battles the coronavirus outbreak that has killed more than 2,600 people and sickened tens of thousands. Government controls and the fear of going outside have curtailed spending, and many… Read More ›
Global companies have flocked to invest in China for decades, lured by the promise of cheap, skilled labor and a stable, if tyrannical, government. Recent economic shocks show it’s time for them to rethink that cozy arrangement. The coronavirus outbreak… Read More ›
The growing rivalry between China and the United States is at risk of becoming a “financial war”, a former Chinese finance minister said on Saturday. Speaking at an industry forum in Beijing, Lou Jiwei, chairman of the foreign affairs committee… Read More ›
First it was Baoshang Bank , then it was Bank of Jinzhou, then, two months ago, China’s Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a fourth prominent Chinese bank… Read More ›
China’s justice ministry on Friday published draft rules to allow foreign companies to list on the country’s stock exchanges, with the intention of implementing the changes on Jan. 1. China has long been criticized for barring foreign firms from its… Read More ›
Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said. Black-clad and masked demonstrators set fire… Read More ›
Hong Kong Stock Exchange says it’s proposing to buy the London Stock Exchange Group for $36.6 billion. The Hong Kong exchange, or HKEX, announced the plan on its website Wednesday morning, the result of what it said was “early engagement”… Read More ›
Concerns over Hong Kong’s political and economic future are growing as pro-democracy protests drag on and turn increasingly violent, and China makes clear that forceful intervention is possible. An intervention by Chinese troops could seriously damage Hong Kong’s standing as… Read More ›
Global currencies have been pushed front-and-center as trade tensions between the US and China have escalated. Of particular interest to many watchers is the relative strength of the dollar versus the Chinese yuan, which sits at multiyear lows. On Friday,… Read More ›
India and the Philippines will be the top drivers of global economic growth over the next decade, beating China. That’s according to an Oxford Economics study published earlier this year, which ranks the top ten emerging market economies to dominate… Read More ›
The crisis in Hong Kong continues unabated and some of the world’s largest businesses need to make an important decision: maintain a positive relationship with mainland China or uphold their reputation in the territories and in other parts of the… Read More ›
World’s largest hedge fund manager, Ray Dalio of Bridgewater, said “he wouldn’t rule out China using its Treasury holdings to gain an upper hand against the U.S, in the trade war — a view that contrasts with many other observers… Read More ›
“China, Iran, Venezuela are developing crypto in effort to dethrone US”, reported by Yahoo Finance on July 11, quoting a report published by the Foundation for Defense of Democracies (FDD). Cryptocurrency is a medium of exchange in digital form, and… Read More ›
China haters have been waiting for a financial crisis out of China since at least the early 2000s. Each and every time, the People’s Bank of China’s plunge protection team or the central planners in Beijing would throw buckets of… Read More ›
“On the international monetary front, the key problem was the acute dollar shortage in post-war Europe … In the effort to reconstruct a viable Western Europe, the United States conceded degrees of protection and discrimination in trade that were incompatible… Read More ›
Cracks are opening in China’s mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs. The world’s second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and… Read More ›
Government policies always generate conflicts of interests within society, monetary policy is no exception. Foreign policies, to some extent, are the reflection and extension of domestic governance. Domestic monetary policy, no matter how elusive and insignificant to some people, provides… Read More ›
Cheers! ‘France 24’ reported on Nov 5 that “… Heineken seals $3 bn deal with China’s top brewer …… Under the deal the Dutch brewer said it will take a 40 percent stake in the holding company that controls China… Read More ›
On July 6, U.S. initiated $34 billion worth of tariffs on imports from China, officially marking the largest trade war since the Great Depression. Among the imported goods levied, including auto parts, jet engine parts and other machinery, aluminum and… Read More ›
US Treasury Secretary Steven Mnuchin is said to be visiting China beginning from May 3 Thursday. It means the trade war negotiation is about to enter into the direct bargaining stage and, if done smoothly, a deal would be finalized… Read More ›
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