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The People’s Bank of China (PBoC) faces a crucial policy dilemma as it weighs following the US with significant monetary easing to tamp down an appreciation of the yuan while seeking to avoid crimping Chinese bank profits.
Hong Kong-listed Chinese stocks corrected on Thursday following a week-long rally as economists failed to be convinced that the financial stimuli unveiled by the People’s Bank of China (PBoC) last week could end China’s property crisis.
The suggestion of a “reverse brain drain” in which more and more Chinese scientists are leaving America for positions in China has been broached repeatedly by pro-Beijing newspapers addressing worries that the Trump administration’s China Initiative scheme may return.
China has suggested setting minimum prices for the electric vehicles (EVs) it ships to the European Union, a compromise bid to persuade the bloc to drop plans to impose 17-35.3% tariffs on Chinese EVs.
The Chinese Communist Party (CCP) Central Committee’s Politburo has called for powerful measures, including limiting the home supply and cutting mortgage rates, to end the free fall of home prices and meet the country’s 5% annual economic growth target.
Without true democracy and a legitimate anti-graft system, Cambodia is destined for heavy debts, low-end jobs, exploited lands and depleted natural resources under its current relationship with China, prominent exiled opposition politician Mu Sochua told Asia Times in an exclusive interview.
Beijing has vowed to take measures to protect Chinese firms’ interests after the United States finalized its tariff hikes on Chinese goods, including electric vehicles (EVs), batteries, solar panels, metals and medical tools.
A group of US House Democrats has called for closing the “de minimis” trade loophole that has allowed Chinese e-commerce firms Shein, Temu and others to evade import tariffs when entering US markets.