The Chinese Communist Party (CCP) has recently implemented two reductions in interest rates for U.S. dollar deposits in order to stabilize the exchange rate of the Chinese yuan. Analysts have raised concerns about the rapid depreciation of the yuan, which could lead to an increased outflow of funds from China and potentially heighten the risk…
ANALYSIS: China’s Economy Is Facing Its Biggest Challenge in Decades
July 16, 2023
admin
China Business & Economychina deflationChina NewsChinese economyChinese RegimeDeng Xiaopingone-child policyUS
0 Comment
China’s economy is facing its biggest challenge in decades, and the authorities are running out of tools in their toolbox to address the issues, according to experts. The country’s latest macroeconomic data point to an economy on the verge of deflation. The June consumer price index was flat year on year and down by 0.2…
IN-DEPTH: Argentina Starts Allowing Bank Accounts in Chinese Yuan, But Locals Prefer Dollars
July 16, 2023
admin
AmericasArgentinaChina Business & EconomyChina NewsChinese YuanInternational RelationsUS DollarWorld
0 Comment
The ongoing shortage of U.S. dollars in Argentina has reached a new milestone, and officials are taking drastic steps to refill depleted foreign currency coffers. On June 29, Argentina’s Central Bank announced it would allow residents and businesses to hold accounts in China’s RMB yuan. The historic decision marks a departure from using solely the…
Taiwanese Groups Protest Against Service Trade Agreement With Communist China
July 16, 2023
admin
Asia & PacificChina Business & EconomyChina NewsChinese RegimeCross-Strait Service Trade AgreementGlobal ExpansionInternational RelationsMa Ying-jeouSpecial TopicsTaiwanTrojan HorseWorld
0 Comment
The Cross-Strait Service Trade Agreement has recently become a hot topic during Taiwan’s national election. Candidates from different parties have been urged to express their stance on it to the public. Professional groups have protested against the controversial agreement with China, which has been waiting for ratification by Taiwan’s Legislative Yuan for nearly a decade….
‘Worrying Signs’: Treasurer Says Australia Keeping Close Eye on Chinese Economy
July 16, 2023
admin
AustraliaAustralian economyChina Business & EconomyChina NewsChina-Australia RelationsChinese economyInternational RelationsJim ChalmersWorld
0 Comment
Australian Treasurer Jim Chalmers warned that global economic uncertainty is expected to slow the Australian economy “considerably,” noting that the Chinese economy was displaying “some worrying signs.” “I’m not going to pretend otherwise. There have been some developments out of China that we are monitoring incredibly closely,” Mr. Chalmers told the national broadcaster ABC’s Insiders…
Every Foreign Company in China Accepts CCP as Business Partner: Rep. Gallagher
July 15, 2023
admin
Andy BarrAsia & PacificChina Business & EconomyChina NewsChinese economyChinese RegimecongressFinance & Business TiesInternationalMike GallagherNational SecurityNew York Stock ExchangePolicies & ImpactsPoliticsSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
0 Comment
The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different. “There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.),…
IMF Hints Allowing Countries to Use Chinese Yuan for Debt Repayment
July 15, 2023
admin
AmericasArgentinaBusiness & MarketsChinaChina Business & EconomyChina NewsChinese YuaneconomyIMFInternational Monetary FundUSUS NewsWorld
0 Comment
The International Monetary Fund (IMF) has hinted that it may accept the Chinese Yuan as a currency for countries to settle their obligations with the IMF following Argentina’s recent debt repayment in yuan. IMF spokesperson Julie Kozack confirmed on Thursday that Argentina had paid off part of its debts—equivalent to $1.1 billion of the $2.7…
Gloomy Outlook for China Exports, as Economy Struggles to Recover Amid Weakened Global Demand
July 14, 2023
admin
Asia & PacificChinaChina Business & Economychina exportsChina NewsChina’s economyeconomic stimulusfailingInternationalWorld
0 Comment
China’s exports rapidly declined last month as part of an economic downturn unseen since the beginning of the COVID-19 pandemic. Chinese policymakers are under pressure to implement new stimulus measures in light of the challenges that the global economy is currently experiencing. The first quarter saw a momentary pickup in China’s economic recovery following the…
‘South Gate’ of Beijing Suspends City Bus Services in a Sign of Growing Local Government Financial Crises
Baoding, a Chinese city about 90 miles south of Beijing with a population of ten million, suspended several bus line services due to the financial crisis of municipal governments in the wake of three years of pandemic control under the communist party’s Zero-COVID policy. In a question-and-answer section of local bus services, the authorities responded…
Mexico Replaces China as America’s Top Trade Partner, While China’s Foreign Trade Continues to Decline
July 14, 2023
admin
Asia & PacificBusiness & MarketsChinaChina Business & EconomyChina NewsChinese RegimeeconomyMexicotrade partnerUS-Canada-Mexico Trade AgreementWorldWTO
0 Comment
Mexico has become the largest trading partner of the United States, surpassing China and Canada, according to the latest statistics released on July 12. The trade volume between the United States and Mexico reached $263 billion in the first four months of this year, said Luis Torres, a senior business economist at the Federal Reserve…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`