Post Tagged with: "China"

China, Samoa and debt-for-equity swaps

China, Samoa and debt-for-equity swaps

Author: Stewart Firth, ANU Last year, Australia discovered the debt owed to Chinese banks by Pacific island countries. As the debate over China’s intentions in the region grew, commentators pointed to the possibility that Pacific countries might be compelled to accept debt-for-equity swaps if they could not repay. The port […]

India needs to keep its friends close and its rivals closer

India needs to keep its friends close and its rivals closer

Author: Deepa Ollapally, George Washington University Despite Prime Minister Narendra Modi’s ‘neighbourhood first’ policy, India has witnessed some serious and surprising diplomatic setbacks in its near region in the recent past. That this has happened with friends and rivals alike should be a cause for concern for New Delhi. It […]

Can China walk out of economic difficulties by relying on its old playbook of debt?

Can China walk out of economic difficulties by relying on its old playbook of debt?

China is banking on a new wave of debt-fuelled infrastructure spending to arrest a deepening economic slowdown, but the surge in local government debt may complicate Beijing’s long-term efforts of reining in financial risks in its economy. In an unusual move last week, China’s National People’s Congress Standing Committee authorised […]

‘Major changes never seen in a century‘: Xi tells Army to be battle-ready

‘Major changes never seen in a century‘: Xi tells Army to be battle-ready

Shanghai: China's armed forces must strengthen their sense of urgency and do everything they can to prepare for battle, President Xi Jinping told a meeting of top brass on Friday. China is keen to beef up its armed forces amid territorial disputes in the South China Sea and escalating tension […]

Bail revoked: former chemistry student Yukai Yang is jailed for ‘trying to flee to China to evade US poisoning case’

Bail revoked: former chemistry student Yukai Yang is jailed for ‘trying to flee to China to evade US poisoning case’

Yukai Yang, a former chemistry student at Lehigh University in Pennsylvania who is accused of slowly poisoning his roommate, was ordered held without bail on Friday over allegations he sought to flee to his native China by orchestrating his own deportation to avoid prosecution. Yang must remain in Northampton County […]

Tesla urges tariff exemption for Chinese-made computer car ‘brain’

Tesla urges tariff exemption for Chinese-made computer car ‘brain’

Tesla has asked the Donald Trump administration to exempt the Chinese-made computer “brain” of its new Model 3 car from 25 per cent tariffs imposed in August, saying they threaten the electric carmaker’s bottom line. “Increased tariffs on this particular part cause economic harm to Tesla, through the increase of […]

Inside the US delegation for China trade war talks: Washington’s big guns will be absent

Inside the US delegation for China trade war talks: Washington’s big guns will be absent

The US delegation that will head to Beijing on Monday for the next round of trade war negotiations will lack some of the high-ranking officials who took part in previous high-stakes meetings, the United States Trade Representative‘s Office confirmed on Friday. US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin […]

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

The effectiveness of a move by China’s central bank to inject up to an expected 700 billion yuan into the world’s second largest but worryingly slowing economy is difficult to calculate given the lack of transparency in the monetary policy, warned a chief economist. The People’s Bank of China (PBOC) […]

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China and the United States are to take part in groundbreaking talks on restricting government surveillance of private companies’ e-commerce data. A proposal to this effect will be introduced by Australia, Japan and Singapore this month, according to the Nikkei Asia Review. The proposed ruling, which has been in the […]

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

Arresting a deepening economic slowdown, not making “baseless” deep-rooted structural reforms, should be the top priority for China’s economy in 2019, a senior economist said. Yu Yongding believes Beijing needs to take every possible measure, including increasing money supply and boosting fiscal spending, to prevent the world’s second largest economy […]