Xi’s China proves a hard sell as officials seek investments overseas | World News
By Josh Xiao Chinese officials are flocking abroad to answer President Xi Jinping’s call to woo foreign capital. Their pitch...
archivechinese economy
Chinese house prices fall at fastest pace in a decade
But Duncan Wrigley, chief China economist at Pantheon Macroeconomics, said these measures do not go far enough.He said: “The re-lending...
US Dollar gets costlier to borrow in China in new sign of Yuan woes
The premium to borrow dollars in China’s local markets has jumped over the past month, another example of the resurgent US currency’s global reach and persistent headwinds facing the yuan.China’s overnight interbank dollar lending rate hit a record 5.47% on March 29 after a steady climb, before easing to 5.42% Thursday, Bloomberg-compiled data show. That has pushed its gap with the US secured overnight financing rate, a global benchmark, to the widest since July twice in the past two weeks.The tightening supply of the US currency in China has coincided...
Weakened China won’t overtake US economy ‘until 2080’
Mr Sheets, who served as the under secretary for international affairs at the US Treasury under President Obama, forecast that...
Why Evergrande’s great property bust threatens to backfire on the West
“Even if the mainland courts accept this, it is going to run into political and social issues,” he says.“I don’t...
Chinese stocks erased $6.3 trillion since 2021 peak
Residential houses in Nanjing, East China's Jiangsu Province, last month. Costfoto/NurPhoto via Getty Images Chinese stocks just capped another dismal...
