With China’s ties to Russia under stronger scrutiny from the West, banks are keeping a closer eye on transactions with links to Moscow – and China’s exporters are concerned their bottom line will suffer.
In an official communique, China’s Politburo said ‘patient capital’ is expected to pitch in as the country moves towards a tech-driven growth model, showing a much-needed focus on the long term, analysts say.
Announcing the conclave, Politburo highlights the ferocity of international competition and risks ‘lurking in key areas’ of the economy.
China’s official manufacturing purchasing managers’ index (PMI) remained in expansion territory for a second consecutive month in April, although the pace slowed as officials admitted that manufacturers are facing higher costs.
A highly placed scholar is encouraging China to offload more of its holdings in Treasuries as overseas assets become a riskier proposition thanks to erratic geopolitical shifts.
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.
Former government adviser says Chinese officials must ‘have the foresight to make good predictions’ amid China’s new quality productive forces strategy shift.
China must emphasise modern services in its push for new productive forces, Sheng Songcheng says, flagging the need for a hi-tech, high-quality service sector.
Premier Li Qiang told overseas buyers at the Canton Fair that China’s development will inject more stability into the world economy and global trade as it seeks to shore up confidence and retain and entice investors.
Prominent government adviser Liu Yuanchun says the immediate future will be marked by disequilibrium, and more non-economic risks are emerging than economic ones, after first-quarter GDP growth impresses.
Vice-Premier He Lifeng completed a two-day inspection tour of Zhengzhou, Henan province, over the weekend with a focus on China’s troubled real estate market.
China has unveiled new foreign ownership rules for certain telecommunications services, a move to generate investment and confidence as it strives to meet broad economic goals.
Ministry of Finance says it is a ‘pity’ to see Fitch Ratings revise the outlook on China’s sovereign debt from stable to negative due to concerns over property and public finance stress.
China will inspect vital finance and economy-related entities as part of a round of discipline inspections amid Beijing’s focus on a financial revamp.
Data flow service centre in Lingang free-trade zone in Shanghai will adopt internationally recognised standards and aim to help entities navigate requirements amid China’s push to reassure and retain foreign firms.
China’s overcapacity is all but certain to be the main point of contention in coming talks with Janet Yellen, as the US Treasury secretary has begun her trip with strong words on the subject.
The Central Financial Commission, China’s major party organ overseeing the financial industry, has put forward its plan for the future orientation of the sector – and the reform necessary for it to get there.
China has named a group of state enterprises as its pioneers for tech development, pledging support but also raising questions over whether the behemoth state sector is the right incubator for future industries.
China’s finance sector was once freewheeling, but new regulations and mandates from officials suggest banks’ new role looks beyond simple profit-seeking.
Overcapacity will be absorbed as long as global demand for green transition stays strong, says former People’s Bank of China governor Zhou Xiaochuan
People’s Bank of China governor Pan Gongsheng tells the Boao Forum for Asia on Wednesday that established international institutions, including the International Monetary Fund (IMF), are in need of reform.
China has lodged a grievance against US electric vehicle subsidies at the World Trade Organization, alleging ‘discrimination’ in selective treatment for products depending on the venue of their final assembly.
Long Yongtu tells the Boao Forum for Asia that ‘globalised economic and trade systems are at stake’, and targeting Chinese companies in Mexico would mean higher prices for Americans.
Reaching 160km/h (99mph) in a trial run, China’s new hydrogen-powered train is touted as a cleaner transport option as the nation strives to peak emissions by 2030.
Senior central bank official says China’s monetary policies are ‘effective and obvious when compared with foreign central banks’.
President Xi Jinping visited a Chinese-German joint venture lithium battery material firm earlier this week, before the State Council also unveiled measures aimed at foreign investors and expats.
In Beijing’s bid to realise ambitious economic growth goals for this year, steps are being taken to ensure local-level authorities are pulling their weight and not making matters worse for struggling businesses.
His declaration comes during an inspection tour and as the European Parliament approves a new legal framework to get ahead of worrisome risks associated with artificial intelligence.
The Chinese minister’s visit will begin on Sunday, and Australian wine companies are getting production lines ready for a resumption of exports to China that is expected to be imminent.
President Xi Jinping reiterated his support for China’s development of hi-tech research and manufacturing, calling for more patents to be commercialised and turned into viable, popular products.
