Heavy is the head that wears the crown. This boy has to decide: The obligatory flags for the national holiday, or rather a colorful wooden slingshot? The Golden Week holidays have just begun – so he still has some time left to decide.
US Trade Representative Katherine Tai presented the new China trade strategy of the Biden administration at the Center for Strategic and International Studies, a Washington think tank, on Monday. According to it, the US government will not only maintain punitive tariffs against China but could expand them if necessary. “The US-China trade and economic relationship […]
The shares of real estate developer Evergrande were suspended from trading on the Hong Kong stock exchange on Monday. As the reason, the state newspaper Global Times cited that Evergrande is facing a new debt test in which shares are to be sold. According to the article, Evergrande wants to sell 51 percent of its […]
Gavin Allen is the new editor-in-chief at telecoms equipment producer Huawei. Allen was most recently head of the BBC’s news output for seven years. His appointment comes amid strained relations between China and the British TV broadcaster (China.Table reported).Joerg Mull has been appointed Executive Vice President of Volkswagen Group China, with responsibility for finance. Mull […]
China’s manufacturing sector produced less in September. As the Beijing statistics office announced on Thursday, the official purchasing managers’ index (PMI) for the manufacturing sector fell to 49.6 points. In August, the economic indicator was still at 50.1 points. While a reading above 50 indicates growth in manufacturing, a reading below is considered a contraction […]
Ms. Liu from Shanghai had been offered an interest rate of 7.5 percent by her bank consultant if she invested in Evergrande securities. She made the investment since few other financial products offer such high returns. Evergrande’s wealth management products are considered as good as “guaranteed”, as her bank called it – which also assured […]
Gokul Laroia (55) will be appointed sole CEO of Morgan Stanley in the Asia Pacific. Laroia started at Morgan Stanley in India in 1995 and has since worked for the bank in Mumbai, New York, and Singapore, as well as Hong Kong, where he has spent most of his career. In addition to being Co-CEO […]
China’s Belt and Road Initiative (BRI) has created “hidden debt” totaling $385 billion for dozens of low- and middle-income countries. In connection to Silk Road projects, many countries’ financial liabilities have been systematically understated for years, leading to rising “hidden debt,” or undisclosed liabilities that governments may be obligated to pay. This was revealed in […]
Just in time for the National Day on October 1st, the flower decorations like here on Tiananmen Square cannot be missing. The color of the flowers is of course symbolically significant. Red stands for happiness and joy, and yellow stands for power. Thus, yellow has long been a color that only emperors in China were […]
Beijing wants to put a stop to Taiwan’s bid to join the CPTPP trans-Pacific trade agreement. “The participation of China’s Taiwan region in regional economic cooperation must be based on the premise of the one-China principle. Under such a principle, China’s Taiwan joined the WTO with a reasonable agreement,” Chinese Taiwan Affairs Office spokeswoman Zhu […]
