China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
China is reviewing amendments to laws governing statistics and accounting, with Beijing eager to clamp down on inflated or manipulated economic statistics and uphold rules in the world’s second-largest financial market.
China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.
‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader
Police in northern China have detained five people for allegedly colluding to steal about 10,000 tonnes of corn amid Beijing’s increasing focus on food security.
The plan would next be submitted to the relevant ministries in each of the 21 member economies of Apec before appearing on the agenda of the Apec Leaders’ summit in Lima in the week of November 10.
The People’s Bank of China has indicated its approval for trading treasury bonds on the secondary market, signalling more robust action to boost liquidity and fuel growth is no longer out of the question.
Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.
Reports suggest US has discussed sanctions on some Chinese banks over their trade with Russia, but analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade.
Further discounts offered by carmakers in a price war in mainland China’s electric vehicle market could ensnare even the likes of top seller BYD, Goldman Sachs says.
Chinese farmers are keeping the fewest pigs for breeding since 2020, raising hopes of sustained profitability after years of losses. But the turnaround may not speak to the broader economy, analysts say.
Chinese-produced durian is set to be available to the public in July, with production from the tropical island of Hainan likely to reach 200 tonnes this year, although Thailand and Vietnam are set to remain the largest sources.
China could face a third wave of corporate bond defaults, induced by high financing costs, slow economic growth and tighter government policies, S&P analysts said. Local government financing vehicles may be the weakest link.
As China works to sell itself as a viable destination for international firms to air their disputes through arbitration, more must be done for these efforts to meet with success, analysts and professionals say.
Though trade ties have taken a hit in other areas, the EU’s agriculture commissioner says a stronger relationship between China and Europe can and should exist in food and farming products.
A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.
Foreign buyers have returned to China’s largest trade exhibition, drawn by the array of new energy vehicles and other green products on offer at the Canton Fair.
Despite its attempts to woo back foreign investment, China has yet to see a hoped-for return of overseas capital as enterprises express hesitation to jump back into the fray.
Li Auto , Tesla’s nearest rival in mainland China, reduced the price of all its vehicles by up to 5.7 per cent, just a day after the US carmaker offered discounts to local customers amid an escalating discount war.
Beijing’s prudent monetary moves and an emphasis on restructuring local government debt have sparked debate over how long it will take policymakers to ‘walk it off’.
China’s trade promotion body CCPIT calls move ‘discriminatory’, blames ‘lack of competitiveness’ for US shipping industry downturn.