BEIJING: Senior Russian official Sergei Shoigu on Tuesday (Nov 12) told China’s foreign minister Wang Yi their two countries’ most urgent task should be countering “containment” by the United States, as they met for security talks in Beijing. Moscow and Beijing have expanded military and defence ties since Russia ordered troops into Ukraine nearly three […]
Read MoreAuthorities increased the amount of debt local governments are allowed to raise through special bonds by 6 trillion yuan ($836 billion) over the next three years. China unveiled a 10 trillion yuan ($1.4 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, but officials refrained from announcing direct […]
Read MoreWith Donald Trump set to become the next US president after the recently closely contested presidential polls, India and other Asian countries are expected to benefit due to rising US-China tensions and potential investment restrictions in strategic sectors, as per Moody’s Ratings. “In the Asia-Pacific region, trade and investment flows might be further diverted away […]
Read MoreChina has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn. Policymakers gathered in Beijing this past week approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable […]
Read MoreChina unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president. The measures confirm last week’s Reuters report, and mark a departure from the all-out stimulus strategies to revive […]
Read MoreRussian President Vladimir Putin said that the United States is pursuing a policy of dual containment against Russia and China. However, such a method is now ineffective. He made this statement at the plenary session of the Valdai Discussion Club in Sochi on Thursday. The Russian president said that, unfortunately, the United States is pursuing […]
Read MoreThis time around, Beijing has been preparing for Trump’s return by deepening ties with allies, boosting self-reliance in tech, and setting aside money to prop up the economy that is now more vulnerable to fresh tariffs already threatened by Trump. After Donald Trump first stormed the White House eight years ago, rattled Chinese leaders responded […]
Read MoreIf Trump follows through on his tariff threats, Chinese authorities will need to do much more to help the economy. When Donald Trump first started a trade war with China in 2018, Beijing found itself on the back foot and unsure of how to respond. This time President Xi Jinping is better prepared for a […]
Read MoreAs far as the eye can see, only the illusion of whiteness. Excited visitors. Children are also enjoying themselves. Early snowfall of winter has begun in northeastern China. Tourist destinations have been flooded. Ski resorts are crowded with visitors. Businessmen are seeing profits from this. The first snowfall of winter appeared in cities in China’s […]
Read MoreThe 6-trillion-yuan worth of debt would be raised over three years including 2024, said the sources, adding the proceeds would primarily be used to help local governments address off-the-books debt risks. China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to […]
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