SHANGHAI — Offshore bonds issued by subsidiaries of Chinese state-owned bad loan giant China Huarong Asset Management Co fell on Tuesday after Fitch Ratings downgraded the parent company due to concerns over the strength of its government backing. Bids on a $250 million perpetual bond issued by Huarong Finance 2019 Co Ltd were quoted at…
China imposed a fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group after an anti-monopoly probe, part of a regulatory crackdown that has raised concerns about the future of Jack Ma’s tech empire.
China’s government bonds outpaced their competitors in the first quarter as their haven status helped them stand out as a bulwark amid the global slump. Japan’s securities led developed nations, though still handing investors a narrow loss.
As poor nations struggle to get their hands on Covid-19 vaccines, a thinly-populated South American country finds its chances linked to its unexpected role in growing tensions between the U.S. and China.
Open markets mean being open to the world’s repressive governments, but China, Russia and Saudi Arabia are pushing the limits.
The top stories of the day included international sanctions on China for abuses against Uyghurs, and Israel’s election.
U.S. President Joe Biden called on Congress to send him new legislation on hate crimes and for Americans to “change our hearts” to combat racially motivated attacks on Asian Americans, following the shooting murders of eight people in the Atlanta area.Top di…
China Reshuffles Central Bank’s Monetary Policy Committee
China has asked its state firms in Myanmar to evacuate non-essential staff following attacks on Chinese factories and businesses by anti-coup protesters
It’s no surprise that the Chinese economy has impacted the United States following the start of the COVID-19 pandemic. But what does this mean for the global economy? Today I discuss the future of globalism and what we can do…