The tension has been accentuated in recent weeks on Taiwan, an autonomous democracy claimed by China and ally of USA. Experts wonder how far that tension will go and what the United States’ response will be. What positions do the parties have? China’s communist government considers Taiwan a rogue province and hopes to win it […]
Tag: China
China tightens rules for its global systemically important banks
Updated on 10/29/2021 09:39 am China published rules on Friday that require its globally systemically important banks to strengthen the ability to absorb losses to avoid financial instability. Those banks must meet specific Total Loss Absorption Capacity (TLAC) targets starting in 2025, said Banco Popular de China (PBOC), the China Banking and Insurance Regulatory Commission […]
China, the eternal diplomatic dilemma for the new Government of Japan
The new Japanese government will face the diplomatic dilemma of following the toughest line towards China set by the Biden Administration or maintaining its traditional low profile vis-à-vis its main trading partner, amid growing tensions in the Pacific. Japan, which holds general elections this Sunday, is watching with concern the military boom in Beijing and […]
Bottled water mogul is China’s richest man
Bottled water mogul Zhong Shanshan became China’s richest person according to a ranking released Wednesday after a government campaign to control the big fortunes hit traditional leaders like Jack Ma, co-founder of Alibaba. Zhong saw his wealth grow after his companies went public Nongfu Spring, mineral water, and Wantai Biological Pharmacy Enterprise, favored by the […]
Chinese real estate companies propose to restructure debt and extend payment maturities
Some Chinese real estate companies have proposed to regulators extending the maturity of their overseas bonds or undertaking a debt restructuring, sources said, as a growing number of defaults shake investor confidence in the sector. The promoters presented the proposals on Tuesday, in a meeting with the National Development and Reform Commission (NDRC) and the […]
China says fund for poor nations is “biggest hurdle” in climate talks
Establishing a fund to help poor countries cope with climate change will be “the biggest obstacle“During the UN talks to try to curb global warming that will begin in Glasgow on October 31, a Chinese environmental official said on Wednesday. Richer countries agreed in 2009 to establish a $ 100 billion a year fund to […]
Isn’t Xi coming? Hopes of COP26 are extinguished by probable absence of the Chinese leader
The leaders of most of the large issuers of greenhouse gases of the world will meet in Glasgow starting Sunday, with the aim of discussing plans and funds to tilt the planet towards clean energy. However, the boss of the greatest of them all will probably not be there. The expected absence of the Chinese […]
China confines a city of four million people over small COVID outbreak
Chinese authorities on Tuesday imposed a lockdown on the northwestern city of Lanzhou of four million people to contain a small outbreak of COVID 100 days after the start of the Beijing Winter Games. “All residential neighborhoods must remain closed”And strictly controlled movements, the municipality announced after China registered 29 local infections of the coronavirus […]
Hong Kong or the dismantling of civil society
From demanding in the streets an improvement of their democratic system to the arrest of activists and opponents, and the forced dismantling of civil society organizations: in less than two years Hong Kong it has gone from being a vibrant society to seeing almost any hint of dissent censored. Only between January and September of […]
China decides new lockdowns due to COVID outbreaks
Updated 10/25/2021 08:13 am The Chinese authorities confined tens of thousands of residents of the north of the country and asked the inhabitants of the capital to limit their movements due to the rebound in COVID cases, one hundred days before the start of the Beijing Winter Olympics. China identified 39 new COVID cases on […]