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China’s Currency Upsets Forecasts By Beginning The New Year Stronger

The omens for the Chinese yuan seemed bad heading into 2017, The Economist reported. The capital account looked as porous as ever, making a mockery of the government’s attempts to fix the leaks. The new year, when residents received fresh allowances ...

Daily Headline - global.abi.org - 01/12/2017 - 23:09 - 0 comments

China Probes Bitcoin Exchanges Amid Capital Flight Fears

Chinese regulators have taken steps to ensure bitcoin is not used to facilitate capital flight, even as investors in the cryptocurrency say they doubt it is being used to transfer large amounts of cash out of China, the Financial Times reported. The ...

Daily Headline - global.abi.org - 01/10/2017 - 23:24 - 0 comments

China, Seeking to Stop Weakening of Currency, Issues Restrictions

Global markets spent most of 2016 adjusting to the reality of a slow but steady weakening of China’s currency, the International New York Times DealBook blog reported. Now, Beijing appears uncomfortable with that state of affairs. Financial regulator ...

Daily Headline - global.abi.org - 01/05/2017 - 21:12 - 0 comments

Cities Offer A Glimpse Of China’s Economic Future

When China’s stock market and currency both plunged last January, many global investors assumed the end was near. After years of debt-fuelled stimulus used to fund investment in housing, infrastructure and excess manufacturing capacity, many believed the ...

Daily Headline - global.abi.org - 01/03/2017 - 22:45 - 0 comments

China House Price Growth Slows As Lending Curbs Take Hold

slowed to 0.1 per cent in November compared with the previous month, the National Statistics Bureau said ...

Daily Headline - global.abi.org - 12/19/2016 - 21:48 - 0 comments

China Capital Curbs Reflect Buyer’s Remorse Over Market Reforms

Last year the reformist head of China’s central bank convinced his Communist party bosses to give market forces a bigger say in setting the renminbi’s daily “reference rate” against the US dollar, the Financial Times reported. In return, Zhou Xiaochu ...

Daily Headline - global.abi.org - 11/30/2016 - 21:30 - 0 comments

The Buying Spree Behind Beijing’s Crackdown

The days when a Chinese iron ore miner could buy a UK video game developer are drawing to a close as Beijing tightens up on cross-border investment by its companies, the Financial Times reported. Investment banks in Asia have worked overtime this yea ...

Daily Headline - global.abi.org - 11/29/2016 - 21:47 - 0 comments

China’s New Tool for Social Control: A Credit Rating for Everything

Hangzhou’s local government is piloting a “social credit” system the Communist Party has said it wants to roll out nationwide by 2020, a digital reboot of the methods of social control the regime uses to avert threats to its legitimacy, The Wall Street ...

Daily Headline - global.abi.org - 11/28/2016 - 22:32 - 0 comments

Chinese City Bans Property Developers From Borrowing To Buy Land

Officials in one of China’s hottest property markets have banned developers from borrowing money to buy land, as local governments embrace increasingly drastic measures to curb soaring home prices, the Financial Times reported. Prices of new resident ...

Daily Headline - global.abi.org - 11/17/2016 - 21:39 - 0 comments

China: State of Grace

In its never-ending quest to rein in profligate local officials, China this week ordered its indebted cities and provinces to draw up detailed repayment plans. But for these rules to work, the central government must prove that it is willing to let the m ...

Daily Headline - global.abi.org - 11/17/2016 - 21:40 - 0 comments

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