It is very easy to claim that China works to suppress economic competition — one only need point to the state sector.
China
Chinese Central Bank said to be drafting fresh package of reforms for more financial market opening
China’s central bank is drafting a package of reforms which would give foreign investors greater access to the nation’s financial services industry, according to sources familiar with the matter. The People’s Bank of China will convene an internal meeting on Tuesday to discuss its proposals and get feedback from Chinese […]
‘A yuan should be a yuan’, deputy head of China’s foreign exchange regulator says
There should be no difference in the trading price of the yuan in offshore and onshore markets, a senior official from China’s foreign exchange regulator said on Wednesday. “In an ideal situation, there should be only one unified yuan price in the global markets,” Lu Lei, the newly appointed deputy […]
Why did China invite Thailand to the BRICS party? Clue: its sleeper hit of an economy
Take a guess: which Southeast Asian country did Beijing invite for the BRICS Summit that begins on Sunday in Xiamen, where leaders from Brazil, Russia, India, China, and South Africa will discuss the future of emerging economies over tea?
Leading economists at odds over plans to turn around Chinese rust belt’s fortunes
A proposal by a prominent Chinese economist to revive the “rust belt” province of Jilin has triggered controversy among academics, showing the difficulty of finding a quick solution to the problems of the northeast zone as it grapples with debt and inefficient plants. Justin Lin Yifu, who has worked for […]
Rating agency downgrades Chinese insurer Anbang Life over growing debt pressures
The credit rating of China’s Anbang Life Insurance Co was downgraded by Dagong Global Credit Rating Co on Wednesday, three months after the regulator curtailed its operations and two months since the chairman of its parent company disappeared from public sight. The downgrade by one notch to AA+ came as […]
