(Financial Times) — Wen Jiabao, China’s premier, paved the way for a fresh round of pro-growth policies at the weekend, triggering a surge in Asian and commodity markets anticipating a burst of stimulus measures in the world’s second-biggest economy. But economists warned on Monday that Mr Wen’s comments should not be taken as a...
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a different method than any other...
(CNN) — China’s Dalian Wanda Group and AMC Entertainment announced Monday a $2.6 billion deal to take over the U.S. theater group, forming the world’s largest cinema chain, according to a new release on the deal. The move is the latest in a raft of deals between U.S. entertainment companies and Chinese firms, linking...
A move designed to punish Chinese solar panel makers that charge unfairly low prices in the United States could, ironically, end up hurting American-based solar panel installers, a fast-growing sector of the green economy. Last week, the Department of Commerce announced it would impose punitive tariffs as high as 250% on panels imported from...
BEIJING (MarketWatch) — A front-page article in the Financial News, a newspaper backed by China’s central bank, argued on Tuesday that conditions are currently ripe to open up the country’s capital account, citing a number of government officials and scholars. Capital-account opening would mean lifting many of the capital controls that keep China’s currency...
(Financial Times) – In the aftermath of the financial crisis, emerging market economies, led by China and India, kept world growth from collapsing. As Europe again teeters on the brink of disaster and the tepid US recovery lurches along, the growth slowdowns in China and India augur rough times ahead for the world economy....
