China’s Aggressive Anti-Corruption Drive Transforms State-Owned Sector Dynamics

China’s relentless crackdown on corruption is reshaping the leadership landscape of its state-owned enterprises (SOEs), with a surge in executive turnover marking a significant shift in the country’s corporate governance dynamics. The latest data reveals that China has replaced a remarkable number of top executives at state-owned companies this year, signaling a concerted effort to […]

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China’s ‘broker butcher’ makes bold moves to breathe life into moribund stocks. Will the US$9 trillion market respond?

The six-month exodus of foreign capital from China’s US$9 trillion stock market appears to have petered out, as some foreign investors voted with their feet in response to securities regulator head Wu Qing’s push to instil market discipline. It remains to be seen whether this conviction is deeply entrenched among domestic and foreign investors. Since […]

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Sri Lanka Faces Roadblock in Debt Restructuring Efforts as Government Rejects Bondholders’ Proposal

  Efforts to navigate Sri Lanka’s complex debt crisis hit a stumbling block on Tuesday as the government rejected a proposal put forth by international bondholders to restructure over $12 billion in debt. The decision not only jeopardizes crucial International Monetary Fund (IMF) support but also prolongs the island nation’s struggle to resolve a two-year-long […]

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Pakistan Strategizes for Economic Stability with IMF Loan Negotiations and Market Re-entry Plans

In a bid to secure lasting macroeconomic stability and enact crucial structural reforms, Pakistan is gearing up for negotiations with the International Monetary Fund (IMF) to outline the terms of a new loan agreement, Finance Minister Muhammad Aurangzeb revealed to Reuters. With the current $3.0 billion IMF arrangement set to expire in late April, Pakistan […]

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China and EU Business Leaders Urgently Call for Dialogue to Avert Looming Trade Crisis

In a stark warning reminiscent of a “slow motion train accident,” Jens Eskelund, President of the European Chamber in China, sounded the alarm on Wednesday about the escalating tensions between China and Europe. Addressing concerns at a gathering in Guangzhou, Eskelund emphasized the urgent need for increased dialogue between European and Chinese leaders to prevent […]

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Hong Kong accounting watchdog initiates probe into PwC audits of bankrupt developer Evergrande

Hong Kong’s accounting watchdog said it will investigate accounting firm PwC for alleged auditing fraud related to bankrupt Chinese developer China Evergrande Group, adding that it would not hesitate to take enforcement action. The Accounting and Financial Reporting Council (AFRC) said in a statement on Friday that it had taken note of the whistleblower’s allegations […]

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The strategy that China wants to overtake the United States in the economy

The United States is the world’s largest economy in terms of gross domestic product (GDP). China is the second Asian country in this list. However, China wants to overtake the United States as the world’s top economy and take this place by itself. The country is adopting a new strategy for this. According to the […]

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