Wang Tao via Caixin | The much-anticipated 19th National Congress of the Communist Party of China began on Wednesday, with its general secretary, Xi Jinping, delivering a quinquennial report setting the tone for the party’s ideology and policy agenda for the coming years.
Unfortunately, the stakes are being upped in this strange and perverse game between Trump and Pyongyang, with increasing possibilities of China becoming involved. A war with North Korea cannot be ruled out.
Wu Xiaomeng and Leng Cheng via Caixin | Sales of investment products that involve bank staff and take place in banks premises must be recorded both visually and audibly, the China Banking Regulatory Commission (CBRC) said Wednesday.
China’s economy got off to a slow start in the third quarter, with key indicators gauging factory activity and mining, investment and general consumption falling in July to their lowest levels in months, official figures showed Monday.
The biggest financial risk this August – a month particularly prone to financial crises, like the last one which began in August 2007 – is geostrategic: the ongoing misunderstanding between Trump and North Korean leader Pyongyang.
Peng Qinqing and Han Wei via Caixin|In a rare move, China’s foreign exchange regulator named nine banks for violations of foreign exchange regulations amid continued efforts to clamp down capital outflows.
The Fed signed five major swap arrangements with allied central banks that totaled more than $580 billion in 2008, whereas the People’s Bank of China signed more than 30 bilateral currency swap agreements valued at $490 billion in year 2017.
Yoichi Funabashi and Harry Dempse via Caixin |Yoichi Funabashi and Harry Dempse via Caixin | Sino-Japanese relations have been stuck in a political quagmire for over six years. Tensions over the Senkaku/Diaoyu Islands have resurfaced time and time again since September 2010, when a Chinese fishing boat rammed two Japanese coast guard ships and its captain was arrested by the Japanese.
Caixin | After three years of rebuffs, China’s A-share market finally made it into MSCI Inc.’s global indexes. Here are some reactions to the breakthrough.