Tuesday, August 14, 2018

Why other countries are giving China a licence to print money

Why other countries are giving China a licence to print money

China is printing foreign currencies on a massive scale as Beijing seeks to increase its influence on the world economy and geopolitics. Multiple sources in the China Banknote Printing and Minting Corporation confirmed to the South China Morning Post last month that money production plants across the country were running at near full capacity to…
Xi Jinping’s favourite baozi shop gets a financial lifeline from Fosun, eyes a stock market listing

Xi Jinping’s favourite baozi shop gets a financial lifeline from Fosun, eyes a stock...

A Chinese state-owned steamed bun store made famous after receiving Chinese President Xi Jinping’s surprise visit in 2013, announced that it has raised investment from a key subsidiary of Chinese conglomerate Fosun International, the Chinese owner of Club Med, and two other investment parties, paving the way for a listing. The Qingfeng Steamed Dumpling Store…
Police thwart protest rallies by victims of China’s underground financial system

Police thwart protest rallies by victims of China’s underground financial system

An unknown number of Chinese investors who have lost their life savings in the country’s peer-to-peer (P2P) lending industry mounted a failed attempt at a demonstration before the banking regulator on Monday, amid heavy intervention by the police in Beijing’s financial district. Hundreds of uniformed police, ancillary police and plain clothes officers patrolled several city…
Forget US-China trade war tariffs, this is what really worries Asia

Forget US-China trade war tariffs, this is what really worries Asia

Is US President Donald Trump really going to amp up trade tariffs against China? And with its back against the wall, will Asia’s biggest, most influential economy use a sharp currency devaluation as a form of retaliation? In Southeast Asia, home to some of the world’s most China-dependent economies, astute market watchers say they are…
China has no idea how to play Trump, and is doing what it always does when it smells trouble

China has no idea how to play Trump, and is doing what it always...

In the past, Beijing has reacted to economic challenges by opening its credit spigot and letting the money flow, and that’s what it has started doing this time too even though the mess from the last crisis is yet to be cleared By Fraser Howie 27 Jul 2018 Thanks to US President Donald Trump and…
US House passes defence bill while keeping a wary eye on Chinese investments

US House passes defence bill while keeping a wary eye on Chinese investments

The US House of Representatives on Thursday passed a US$716 billion defence appropriations bill that includes language to tighten regulations on Chinese investments in the United States and prohibit the US government from buying products from major Chinese telecoms firms, including ZTE. The John S. McCain National Defence Authorisation Act passed the House by a…
Xi Jinping courts support from BRICS countries as he hits out at Donald Trump over trade war

Xi Jinping courts support from BRICS countries as he hits out at Donald Trump...

Chinese President Xi Jinping sent what appeared to be a direct warning to US President Donald Trump by saying there would be “no winners” in the event of a full-fledged trade war. In an apparent effort to woo fellow emerging economies, Xi also called for more support for less developed countries, especially in Africa, so…
Chinese money pours into Brazil as US trade war bites, with US$54 billion across 100 projects

Chinese money pours into Brazil as US trade war bites, with US$54 billion across...

As China and the United States – the world’s top two economies – battle over trade, Beijing has increasingly turned to Brazil to fill the void, pouring money into a diversified portfolio of investments. Before 2010, Chinese funds flowing into Brazil were primarily focused on assuring food and energy supplies for the Asian giant. But…
China to speed up US$199 billion of domestic spending to protect growth during US trade war

China to speed up US$199 billion of domestic spending to protect growth during US...

China has decided to encourage government spending at home as a way to handle the ongoing trade dispute with the United States, reflecting Beijing’s deep concerns about its effect on growth. The State Council, the state cabinet, said on Monday that it would adopt a “more proactive fiscal policy” and would speed up raising and…
Changsheng Bio-tech, the vaccine maker behind China’s latest public health scare

Changsheng Bio-tech, the vaccine maker behind China’s latest public health scare

Propelled by government subsidies, aggressive marketing and – according to court documents – even bribery, drug maker Changchun Changsheng Bio-technology has seen years of robust growth and big profits. But after it was exposed supplying ineffective DPT (diphtheria, whooping cough and tetanus) vaccines to be used on babies as young as three months old, and…
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